Sun Communities (SUI) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SUI shares.
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8 brokerages have issued twelve-month price targets for Sun Communities' stock. Their SUI share price forecasts range from $143.00 to $168.00. On average, they predict the company's share price to reach $153.44 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price.
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Sun Communities' stock was trading at $143.00 at the beginning of 2023. Since then, SUI shares have decreased by 14.8% and is now trading at $121.77.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our SUI earnings forecast.

Sun Communities, Inc. (NYSE:SUI) released its quarterly earnings data on Wednesday, July, 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by $1.23. The real estate investment trust had revenue of $863.50 million for the quarter, compared to analyst estimates of $834.99 million. Sun Communities had a net margin of 7.27% and a trailing twelve-month return on equity of 2.80%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.02 earnings per share.

Sun Communities declared a quarterly dividend on Thursday, August 17th. Stockholders of record on Friday, September 29th will be given a dividend of $0.93 per share on Monday, October 16th. This represents a $3.72 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for SUI.

ETFs with the largest weight of Sun Communities (NYSE:SUI) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Principal Real Estate Active Opportunities ETF (BYRE), Nuveen Short-Term REIT ETF (NURE), Residential REIT ETF (HAUS), iShares Residential and Multisector Real Estate ETF (REZ), JPMorgan Realty Income ETF (JPRE), ALPS Active REIT ETF (REIT) and Invesco Real Assets ESG ETF (IVRA).

Sun Communities (NYSE:SUI) pays an annual dividend of $3.72 per share and currently has a dividend yield of 3.05%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 202.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SUI will have a dividend payout ratio of 49.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SUI.

Sun Communities updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $2.49-$2.56 for the period, compared to the consensus EPS estimate of $2.60. The company issued revenue guidance of -.

140 employees have rated Sun Communities Chief Executive Officer Gary A. Shiffman on Glassdoor.com. Gary A. Shiffman has an approval rating of 91% among the company's employees. This puts Gary A. Shiffman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sun Communities investors own include Alibaba Group (BABA), NVIDIA (NVDA), Fortinet (FTNT), NextEra Energy (NEE), American Tower (AMT), Chipotle Mexican Grill (CMG), Intel (INTC), Xilinx (XLNX), Arch Capital Group (ACGL) and Walt Disney (DIS).

Sun Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUI."

Sun Communities' stock is owned by many different retail and institutional investors. Top institutional investors include Cohen & Steers Inc. (10.18%), BlackRock Inc. (8.86%), State Street Corp (4.73%), Principal Financial Group Inc. (3.57%), Daiwa Securities Group Inc. (1.97%) and Geode Capital Management LLC (1.68%). Insiders that own company stock include Baxter Underwood, Bruce Thelen, Clunet R Lewis, Gary A Shiffman, Gary A Shiffman, John Bandini Mclaren, Karen Dearing, Marc Farrugia and Stephanie W Bergeron.
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Shares of SUI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SUI stock can currently be purchased for approximately $121.77.

Sun Communities (NYSE:SUI) has a market capitalization of $15.15 billion and generates $2.97 billion in revenue each year. The real estate investment trust earns $253 million in net income (profit) each year or $1.84 on an earnings per share basis.

The company employs 7,594 workers across the globe.

Sun Communities' mailing address is 27777 FRANKLIN ROAD SUITE 200, SOUTHFIELD MI, 48034. The official website for the company is www.suncommunities.com. The real estate investment trust can be reached via phone at (248) 208-2500, via email at investorrelations@suncommunities.com, or via fax at 248-932-3072.