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

Sun Communities (NYSE:SUI - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 6.430-6.630 for the period, compared to the consensus estimate of 6.420. The company issued revenue guidance of -. Sun Communities also updated its Q2 2025 guidance to 1.620-1.700 EPS.

Sun Communities Stock Performance

Shares of NYSE SUI traded up $1.16 during trading hours on Friday, hitting $124.72. 56,405 shares of the company's stock were exchanged, compared to its average volume of 831,163. The company's 50-day moving average price is $126.23 and its 200-day moving average price is $126.51. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 67.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.61 and a quick ratio of 1.61. 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 posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.08. The business had revenue of $470.20 million for the quarter, compared to analyst estimates of $538.63 million. Sun Communities had a net margin of 7.46% and a return on equity of 3.21%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, sell-side analysts expect that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.76 annualized dividend and a yield of 3.01%. Sun Communities's dividend payout ratio (DPR) is currently 606.45%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial decreased their price objective on Sun Communities from $142.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Royal Bank of Canada reduced their target price on shares of Sun Communities from $154.00 to $147.00 and set an "outperform" rating for the company in a report on Wednesday. Jefferies Financial Group assumed coverage on shares of Sun Communities in a research report on Tuesday, April 8th. They set a "buy" rating and a $150.00 price target on the stock. JMP Securities reiterated a "market outperform" rating and set a $140.00 target price (down previously from $150.00) on shares of Sun Communities in a report on Monday, April 21st. Finally, Robert W. Baird cut their price objective on Sun Communities from $128.00 to $126.00 and set a "neutral" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $136.90.

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.