Sun Communities (SUI) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SUI shares.
View SUI analyst ratings or view top-rated stocks.

9 brokers have issued 1 year price targets for Sun Communities' shares. Their SUI share price forecasts range from $151.00 to $185.00. On average, they expect the company's share price to reach $163.00 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price.
View analysts price targets for SUI or view top-rated stocks among Wall Street analysts.

Sun Communities' stock was trading at $143.00 on January 1st, 2023. Since then, SUI stock has decreased by 9.0% and is now trading at $130.11.
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Sun Communities saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,700,000 shares, a drop of 18.3% from the April 15th total of 2,080,000 shares. Based on an average trading volume of 601,600 shares, the short-interest ratio is presently 2.8 days.
View Sun Communities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our SUI earnings forecast.

Sun Communities, Inc. (NYSE:SUI) issued its quarterly earnings data on Monday, April, 24th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $1.18 by $1.42. The real estate investment trust had revenue of $651.20 million for the quarter, compared to analysts' expectations of $610.32 million. Sun Communities had a trailing twelve-month return on equity of 2.63% and a net margin of 6.87%. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS.

Sun Communities declared a quarterly dividend on Friday, March 3rd. Stockholders of record on Friday, March 31st will be given a dividend of $0.93 per share on Monday, April 17th. This represents a $3.72 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.88.
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), Residential REIT Income ETF (HAUS), Nuveen Short-Term REIT ETF (NURE), JPMorgan Realty Income ETF (JPRE), Janus Henderson U.S. Real Estate ETF (JRE), iShares Residential and Multisector Real Estate ETF (REZ) and ALPS Active REIT ETF (REIT).

Sun Communities (NYSE:SUI) pays an annual dividend of $3.72 per share and currently has a dividend yield of 2.94%. 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 215.03%. 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 47.69% 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 second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $1.90-$1.98 for the period, compared to the consensus earnings per share estimate of $2.02. 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (8.79%), JPMorgan Chase & Co. (5.08%), State Street Corp (4.73%), Principal Financial Group Inc. (3.61%), FMR LLC (1.77%) and Wellington Management Group LLP (1.74%). Insiders that own company stock include Baxter Underwood, Bruce Thelen, Clunet R Lewis, Gary A Shiffman, Gary A Shiffman, John Bandini Mclaren, Karen Dearing and Stephanie W Bergeron.
View institutional ownership trends.

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 $130.11.

Sun Communities (NYSE:SUI) has a market capitalization of $16.19 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 $1.73 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.