Sun Communities (NYSE:SUI) Issues FY 2025 Earnings Guidance

Key Points

• Sun Communities has issued its FY 2025 EPS guidance ranging from $6.510 to $6.670, slightly below the consensus estimate of $6.546.
• The company plans to pay a quarterly dividend of $1.04 per share, up from the previous $0.94, reflecting a strong dividend yield of 3.56%.
• Sun Communities' stock has recently dipped by 2.5%, closing at $116.71, with analysts giving it a consensus "Hold" rating.

Sun Communities (NYSE:SUI - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.510-6.670 for the period, compared to the consensus EPS estimate of 6.546. The company issued revenue guidance of -. Sun Communities also updated its Q3 2025 guidance to 2.130-2.230 EPS.

Sun Communities Stock Up 0.3%

NYSE SUI traded up $0.35 on Friday, reaching $124.38. The company had a trading volume of 1,558,208 shares, compared to its average volume of 1,067,312. The company's fifty day moving average is $124.80 and its 200-day moving average is $125.74. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 8.42 and a beta of 0.83. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.25 and a current ratio of 2.25. Sun Communities has a 1-year low of $109.22 and a 1-year high of $147.83.

Sun Communities (NYSE:SUI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. The company had revenue of $623.50 million for the quarter, compared to analyst estimates of $614.79 million. Sun Communities had a negative return on equity of 0.61% and a net margin of 48.86%. During the same period in the previous year, the company posted $1.86 earnings per share. On average, research analysts forecast that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.16 annualized dividend and a dividend yield of 3.3%. This is an increase from Sun Communities's previous quarterly dividend of $0.94. Sun Communities's dividend payout ratio (DPR) is 40.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SUI shares. Colliers Securities initiated coverage on shares of Sun Communities in a research report on Friday, June 13th. They issued a "neutral" rating and a $130.00 price objective on the stock. Royal Bank Of Canada lowered their price target on shares of Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a research note on Friday. Morgan Stanley assumed coverage on shares of Sun Communities in a research report on Tuesday, July 15th. They set an "equal weight" rating and a $135.00 price target on the stock. Barclays started coverage on Sun Communities in a report on Thursday, May 29th. They issued an "overweight" rating and a $141.00 price objective for the company. Finally, Truist Financial set a $137.00 target price on Sun Communities and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $137.57.

Insider Activity at Sun Communities

In other Sun Communities news, Director Jeff Blau purchased 3,665 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $117.99 per share, for a total transaction of $432,433.35. Following the purchase, the director owned 3,665 shares in the company, valued at approximately $432,433.35. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.77% of the company's stock.

Hedge Funds Weigh In On Sun Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in shares of Sun Communities during the 1st quarter worth about $362,000. Empowered Funds LLC raised its holdings in Sun Communities by 32.5% in the 1st quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust's stock valued at $434,000 after acquiring an additional 829 shares during the period. AQR Capital Management LLC raised its holdings in Sun Communities by 17.8% in the 1st quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust's stock valued at $1,554,000 after acquiring an additional 1,827 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Sun Communities by 21.1% during the first quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust's stock worth $25,128,000 after acquiring an additional 33,981 shares during the last quarter. 99.59% of the stock is owned by institutional investors.

About Sun Communities

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.