Sun Communities (SUI) Projected to Post Quarterly Earnings on Monday

Sun Communities (NYSE:SUI - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $1.21 per share and revenue of $538.63 million for the quarter. Sun Communities has set its Q1 2025 guidance at 1.140-1.220 EPS and its FY 2025 guidance at 6.820-7.060 EPS.

Sun Communities (NYSE:SUI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.02. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. The company had revenue of $745.90 million during the quarter, compared to analyst estimates of $724.68 million. On average, analysts expect Sun Communities to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sun Communities Stock Up 1.4 %

Sun Communities stock traded up $1.77 during mid-day trading on Friday, hitting $132.15. The company had a trading volume of 805,413 shares, compared to its average volume of 829,876. Sun Communities has a 12 month low of $109.22 and a 12 month high of $147.83. The company has a market capitalization of $16.86 billion, a PE ratio of 71.05 and a beta of 0.84. The stock's 50 day moving average price is $126.97 and its two-hundred day moving average price is $126.73. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.93.

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 31st. Sun Communities's payout ratio is 508.11%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SUI shares. JMP Securities reaffirmed a "market outperform" rating and issued a $140.00 target price (down from $150.00) on shares of Sun Communities in a report on Monday, April 21st. Jefferies Financial Group began coverage on Sun Communities in a research report on Tuesday, April 8th. They issued a "buy" rating and a $150.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating on shares of Sun Communities in a report on Friday, February 28th. Finally, Truist Financial lowered their price target on Sun Communities from $142.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $135.70.

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.