Sun Communities (NYSE:SUI) Announces Quarterly Earnings Results

Key Points

• Earnings miss but revenue beat: Sun reported EPS of ($0.07) vs. analysts' $1.31 consensus (a $1.38 miss) while quarterly revenue of $507.9M topped estimates and rose 8% year-over-year; the company issued updated guidance of Q2 2026: 1.710–1.790 EPS and FY 2026: 6.870–7.070 EPS.
• Dividend raised: The board increased the quarterly dividend to $1.12 (from $1.04), an annualized $4.48 payout representing a 3.5% yield and a 41.7% payout ratio.
• Positive institutional and analyst backdrop: Institutional investors own 99.59% of shares with large position increases by firms like Wellington and UBS, and analysts hold a consensus rating of “Moderate Buy” with a $139.73 average price target after several upgrades.

Sun Communities (NYSE:SUI - Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($1.38), FiscalAI reports. The company had revenue of $507.90 million during the quarter, compared to analyst estimates of $473.30 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.Sun Communities's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Sun Communities updated its Q2 2026 guidance to 1.710-1.790 EPS and its FY 2026 guidance to 6.870-7.070 EPS.

Sun Communities Stock Performance

SUI opened at $127.86 on Tuesday. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average price is $131.08 and its two-hundred day moving average price is $127.41. The firm has a market capitalization of $15.76 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 4.44 and a beta of 0.90. Sun Communities has a 12-month low of $115.53 and a 12-month high of $137.85.

Sun Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $1.12 dividend. This is an increase from Sun Communities's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.48 dividend on an annualized basis and a yield of 3.5%. Sun Communities's payout ratio is 41.71%.

Insider Activity at Sun Communities

In other news, Director Clunet R. Lewis sold 3,800 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.01, for a total value of $516,838.00. Following the completion of the sale, the director directly owned 16,817 shares of the company's stock, valued at approximately $2,287,280.17. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Communities

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Sun Communities by 1,224.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust's stock worth $578,668,000 after purchasing an additional 4,147,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Sun Communities by 37,933.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust's stock worth $182,663,000 after buying an additional 1,470,286 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Sun Communities by 152.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust's stock worth $95,063,000 after buying an additional 463,312 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Sun Communities by 124.4% during the third quarter. Millennium Management LLC now owns 685,324 shares of the real estate investment trust's stock worth $88,407,000 after buying an additional 379,877 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of Sun Communities in the third quarter valued at approximately $42,260,000. Institutional investors and hedge funds own 99.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SUI. Barclays raised their price objective on Sun Communities from $144.00 to $148.00 and gave the company an "overweight" rating in a research note on Friday, March 6th. Citigroup increased their price target on Sun Communities from $150.00 to $155.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Weiss Ratings raised shares of Sun Communities from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 13th. Wells Fargo & Company upgraded shares of Sun Communities from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $133.00 to $150.00 in a research note on Friday, February 27th. Finally, Zelman & Associates initiated coverage on shares of Sun Communities in a report on Monday, March 16th. They set an "outperform" rating and a $127.75 price objective for the company. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.73.

Sun Communities Company Profile

Sun Communities, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of manufactured housing communities, recreational vehicle (RV) resorts and marinas. The company's portfolio spans more than 500 manufactured housing communities and over 160 RV resorts, offering affordable, long-term housing as well as short-stay recreational lodging. Through professional on-site management and amenity-rich community designs, Sun Communities serves a diverse customer base that includes retirees, workforce families and vacationers.

Founded in 1975 and headquartered in Southfield, Michigan, Sun Communities has grown organically and through strategic acquisitions to become one of the largest operators in its sector.