Sun Communities Stock Price, News & Analysis (NYSE:SUI)

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUI shares.
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9 brokerages have issued 12 month price objectives for Sun Communities' shares. Their SUI share price targets range from $116.00 to $168.00. On average, they predict the company's share price to reach $141.36 in the next year. This suggests a possible upside of 7.4% from the stock's current price.
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Sun Communities' stock was trading at $143.00 at the start of the year. Since then, SUI shares have decreased by 7.9% and is now trading at $131.67.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Sun Communities, Inc. (NYSE:SUI) released its quarterly earnings results on Wednesday, July, 26th. The real estate investment trust reported $0.72 earnings per share (EPS) 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 the consensus estimate of $834.99 million. Sun Communities had a trailing twelve-month return on equity of 2.81% and a net margin of 7.17%. The firm's revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $2.02 EPS.

Sun Communities announced a quarterly dividend on Friday, December 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.93 per share on Tuesday, January 16th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.83%.
Read our dividend analysis for SUI.

Sun Communities (NYSE:SUI) pays an annual dividend of $3.72 per share and currently has a dividend yield of 2.80%. 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 203.28%. 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 50.61% next year. This indicates that the company will be able to sustain or increase its dividend.
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 issued an update on its FY23 earnings guidance on Wednesday, October, 25th. The company provided earnings per share guidance of $7.05-7.13 for the period, compared to the consensus estimate of $7.08.

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' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (5.28%), Principal Financial Group Inc. (3.64%), Invesco Ltd. (2.08%), Daiwa Securities Group Inc. (2.06%), FMR LLC (1.93%) and Massachusetts Financial Services Co. MA (1.86%). 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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