Sun Communities (NYSE:SUI) Stock Rating Upgraded by Jefferies Financial Group

Key Points

• Jefferies Financial Group upgraded Sun Communities to a "strong-buy" rating, indicating increased confidence in the company's stock.
• Sun Communities reported earnings per share of $1.76, surpassing analysts' expectations of $1.67, and had a revenue of $623.50 million for the quarter.
• Institutional investors hold 99.59% of Sun Communities' stock, highlighting strong institutional interest and support for the company.

Sun Communities (NYSE:SUI - Get Free Report) was upgraded by Jefferies Financial Group to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Wall Street Zen raised Sun Communities from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Robert W. Baird lifted their target price on Sun Communities from $126.00 to $134.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Wells Fargo & Company reduced their target price on shares of Sun Communities from $135.00 to $132.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Royal Bank Of Canada dropped their target price on Sun Communities from $147.00 to $143.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $135.00 price target on Sun Communities and gave the stock a "hold" rating in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $137.86.

Sun Communities Stock Up 0.3%

Shares of NYSE SUI opened at $125.14 on Monday. The firm has a 50 day moving average price of $127.01 and a 200 day moving average price of $125.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.08 and a current ratio of 7.08. The stock has a market cap of $15.66 billion, a P/E ratio of 12.24, a P/E/G ratio of 6.39 and a beta of 0.86. Sun Communities has a 52-week low of $109.22 and a 52-week high of $140.49.

Sun Communities (NYSE:SUI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. Sun Communities had a net margin of 48.86% and a negative return on equity of 0.60%. The company had revenue of $623.50 million for the quarter, compared to analysts' expectations of $614.79 million. During the same period last year, the firm posted $1.86 earnings per share. Sun Communities has set its FY 2025 guidance at 6.510-6.670 EPS. Q3 2025 guidance at 2.130-2.230 EPS. Analysts expect that Sun Communities will post 6.77 EPS for the current year.

Institutional Investors Weigh In On Sun Communities

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Sun Communities by 23.8% during the first quarter. GAMMA Investing LLC now owns 1,047 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 201 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Sun Communities by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,162 shares of the real estate investment trust's stock worth $1,693,000 after acquiring an additional 184 shares during the period. Blue Trust Inc. raised its stake in Sun Communities by 510.4% in the 1st quarter. Blue Trust Inc. now owns 586 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 490 shares in the last quarter. Kentucky Retirement Systems bought a new stake in Sun Communities in the 1st quarter valued at about $1,107,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Sun Communities during the 1st quarter worth approximately $471,000. Institutional investors own 99.59% of the company's stock.

Sun Communities Company Profile

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.

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