Sun Communities, Inc. (NYSE:SUI – Get Free Report) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $140.9107.
A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a research report on Thursday, May 14th. Wells Fargo & Company dropped their price objective on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Evercore reaffirmed an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a report on Wednesday, April 29th. Mizuho began coverage on Sun Communities in a report on Tuesday, March 31st. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, Royal Bank Of Canada decreased their price target on Sun Communities from $151.00 to $149.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th.
View Our Latest Research Report on Sun Communities
Sun Communities Price Performance
Sun Communities (NYSE:SUI – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.38). The company had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. 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, sell-side analysts forecast that Sun Communities will post 6.94 EPS for the current fiscal year.
Sun Communities Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Sun Communities’s payout ratio is currently 40.69%.
Insider Buying and Selling at Sun Communities
In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the sale, the executive vice president directly owned 9,998 shares in the company, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction dated 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 transaction, the director directly owned 857,761 shares of the company’s stock, valued at $102,897,009.56. This represents a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.58% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sun Communities
Large investors have recently modified their holdings of the stock. Whittier Trust Co. boosted its position in Sun Communities by 8.8% in the 4th quarter. Whittier Trust Co. now owns 264,511 shares of the real estate investment trust’s stock valued at $32,495,000 after buying an additional 21,364 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Sun Communities by 31.5% during the third quarter. Handelsbanken Fonder AB now owns 43,298 shares of the real estate investment trust’s stock valued at $5,585,000 after acquiring an additional 10,382 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Sun Communities during the third quarter valued at $3,406,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Sun Communities by 9.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 110,415 shares of the real estate investment trust’s stock valued at $13,564,000 after acquiring an additional 9,268 shares during the last quarter. Finally, Land & Buildings Investment Management LLC boosted its holdings in Sun Communities by 21.2% in the third quarter. Land & Buildings Investment Management LLC now owns 234,797 shares of the real estate investment trust’s stock valued at $30,289,000 after acquiring an additional 41,050 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.
Sun Communities Company Profile
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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