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 year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SUI shares.
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8 brokers have issued 12 month target prices for Sun Communities' stock. Their SUI share price forecasts range from $156.00 to $185.00. On average, they anticipate the company's share price to reach $168.86 in the next twelve months. This suggests a possible upside of 26.6% 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 at the start of the year. Since then, SUI shares have decreased by 6.7% and is now trading at $133.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our SUI earnings forecast.

Sun Communities will be holding an earnings conference call on Thursday, April 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13736832".

Sun Communities, Inc. (NYSE:SUI) posted its earnings results on Monday, October, 24th. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.05. Sun Communities had a trailing twelve-month return on equity of 3.12% and a net margin of 8.15%. During the same period in the previous year, the firm earned $2.11 earnings per share.

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 dividend yield of 2.79%. 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), JPMorgan Realty Income ETF (JPRE), Nuveen Short-Term REIT ETF (NURE), 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 $3.52 per share and currently has a dividend yield of 2.64%. 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 177.78%. 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 43.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SUI.

Sun Communities issued an update on its FY23 earnings guidance on Monday, March, 6th. The company provided earnings per share guidance of $7.22-7.42 for the period, compared to the consensus EPS estimate of $7.42.

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 JPMorgan Chase & Co. (4.34%), Principal Financial Group Inc. (3.65%), Centersquare Investment Management LLC (1.84%), Norges Bank (1.78%), Daiwa Securities Group Inc. (1.62%) and Geode Capital Management LLC (1.61%). Insiders that own company stock include Bruce Thelen, Clunet R Lewis, Gary A Shiffman, Gary A Shiffman, John Bandini Mclaren, Karen Dearing 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 $133.35.

Sun Communities (NYSE:SUI) has a market capitalization of $16.59 billion and generates $2.97 billion in revenue each year. The real estate investment trust earns $263.80 million in net income (profit) each year or $1.98 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.