Sun Communities (NYSE:SUI) Releases Earnings Results, Misses Estimates By $8.74 EPS

Sun Communities (NYSE:SUIGet Free Report) posted its quarterly earnings results on Monday. The real estate investment trust reported ($8.08) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($8.74), FiscalAI reports. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The business had revenue of $478.40 million for the quarter, compared to analyst estimates of $623.40 million. Sun Communities updated its FY 2026 guidance to 6.940-7.100 EPS and its Q3 2026 guidance to 2.230-2.330 EPS.

Sun Communities Trading Down 0.4%

SUI traded down $0.53 during trading on Monday, reaching $121.30. 3,186,610 shares of the company’s stock were exchanged, compared to its average volume of 995,604. Sun Communities has a one year low of $115.53 and a one year high of $137.85. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $14.95 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 4.03 and a beta of 0.79. The firm has a fifty day moving average price of $122.04 and a two-hundred day moving average price of $126.45.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $1.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.48 annualized dividend and a yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is currently 40.69%.

Insider Activity at Sun Communities

In other news, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the transaction, the director owned 857,761 shares in the company, valued at approximately $102,897,009.56. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total transaction 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 represents a 70.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Institutional investors have recently made changes to their positions in the stock. Fulcrum Asset Management LLP bought a new position in shares of Sun Communities during the third quarter worth about $27,000. Wiser Advisor Group LLC bought a new stake in Sun Communities in the third quarter valued at approximately $46,000. Prosperity Bancshares Inc bought a new stake in Sun Communities in the fourth quarter valued at approximately $48,000. Kestra Advisory Services LLC acquired a new stake in Sun Communities during the 4th quarter valued at approximately $68,000. Finally, Smartleaf Asset Management LLC increased its position in Sun Communities by 37.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 556 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 151 shares during the period. Institutional investors own 99.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SUI. Jefferies Financial Group upgraded Sun Communities to a “strong-buy” rating in a research report on Wednesday, July 22nd. Odeon Capital Group set a $135.00 target price on shares of Sun Communities in a report on Thursday, July 9th. Colliers Securities upgraded shares of Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, May 22nd. Weiss Ratings lowered shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Evercore reiterated an “outperform” rating and set a $144.00 price objective on shares of Sun Communities in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.05.

Get Our Latest Analysis on Sun Communities

Sun Communities Company Profile

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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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Earnings History for Sun Communities (NYSE:SUI)

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