Sun Communities (NYSE:SUI – Get Free Report) was upgraded by analysts at Jefferies Financial Group to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.
SUI has been the topic of several other research reports. Barclays reduced their price target on shares of Sun Communities from $147.00 to $146.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Mizuho decreased their price objective on shares of Sun Communities from $143.00 to $137.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Royal Bank Of Canada dropped their price objective on shares of Sun Communities from $151.00 to $149.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Friday, May 22nd. Finally, Truist Financial decreased their price objective on Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Sun Communities has an average rating of “Moderate Buy” and an average price target of $140.05.
Sun Communities Price Performance
Sun Communities (NYSE:SUI – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. On average, equities research analysts predict that Sun Communities will post 6.9 EPS for the current fiscal year.
Insider Activity
In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, the executive vice president directly owned 9,998 shares in the company, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary A. Shiffman sold 25,031 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total value of $3,002,718.76. Following the completion of the sale, the director owned 857,761 shares in the company, valued at $102,897,009.56. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.58% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Sun Communities
Institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Sun Communities by 1,226.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 184 shares during the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Sun Communities in the third quarter worth approximately $27,000. Global X Japan Co. Ltd. purchased a new stake in shares of Sun Communities during the 4th quarter valued at $33,000. Wiser Advisor Group LLC purchased a new position in shares of Sun Communities during the 3rd quarter valued at about $46,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Sun Communities during the fourth quarter worth approximately $48,000. 99.59% of the stock is owned by hedge funds and other institutional investors.
About Sun Communities
Sun Communities, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of manufactured housing communities, recreational vehicle (RV) resorts and marinas. The company’s portfolio spans more than 500 manufactured housing communities and over 160 RV resorts, offering affordable, long-term housing as well as short-stay recreational lodging. Through professional on-site management and amenity-rich community designs, Sun Communities serves a diverse customer base that includes retirees, workforce families and vacationers.
Founded in 1975 and headquartered in Southfield, Michigan, Sun Communities has grown organically and through strategic acquisitions to become one of the largest operators in its sector.
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