Sun Communities - SUI Stock Forecast, Price & News

8 Wall Street 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 analysts is that investors should "buy" SUI shares.
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8 brokerages have issued twelve-month target prices for Sun Communities' shares. Their SUI share price forecasts range from $156.00 to $185.00. On average, they anticipate the company's stock price to reach $168.86 in the next year. This suggests a possible upside of 18.0% 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 $209.97 on January 1st, 2022. Since then, SUI stock has decreased by 31.9% and is now trading at $143.04.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 20th 2023.
View our SUI earnings forecast.

Sun Communities, Inc. (NYSE:SUI) posted its quarterly earnings data on Monday, October, 24th. The real estate investment trust reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by $0.05. Sun Communities had a net margin of 8.81% and a trailing twelve-month return on equity of 3.34%. During the same period in the prior year, the company earned $2.11 earnings per share.

Sun Communities announced a quarterly dividend on Thursday, December 1st. Stockholders of record on Friday, December 30th will be given a dividend of $0.88 per share on Tuesday, January 17th. This represents a $3.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for SUI.

Sun Communities (NYSE:SUI) pays an annual dividend of $3.52 per share and currently has a dividend yield of 2.48%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 171.71%. 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 47.18% 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 fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided EPS guidance of $1.23-$1.29 for the period. 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.05%), BlackRock Inc. (8.50%), Cohen & Steers Inc. (7.20%), State Street Corp (4.61%), Centersquare Investment Management LLC (1.87%) and Massachusetts Financial Services Co. MA (1.67%). Insiders that own company stock include Brian M Hermelin, 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 $143.04.

Sun Communities (NYSE:SUI) has a market capitalization of $17.72 billion and generates $2.27 billion in revenue each year. The real estate investment trust earns $392.25 million in net income (profit) each year or $2.05 on an earnings per share basis.

The company employs 5,961 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.