Barclays Issues Positive Forecast for Sun Communities (NYSE:SUI) Stock Price

Sun Communities (NYSE:SUI) had its price target upped by Barclays from $144.00 to $148.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on SUI. Morgan Stanley dropped their price objective on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Citigroup increased their price target on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, UBS Group raised their price objective on shares of Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $140.86.

Sun Communities Trading Up 0.2%

Sun Communities stock traded up $0.28 during mid-day trading on Friday, hitting $136.97. 846,326 shares of the stock were exchanged, compared to its average volume of 914,479. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 4.55 and a beta of 0.88. Sun Communities has a 12 month low of $109.22 and a 12 month high of $137.85. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $128.20 and its two-hundred day simple moving average is $126.83.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $515.20 million for the quarter, compared to analyst estimates of $509.40 million. Sun Communities had a net margin of 61.86% and a negative return on equity of 0.04%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. Analysts forecast that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is 38.73%.

Insider Activity at Sun Communities

In other news, Director Clunet R. Lewis sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 163,875 shares of company stock valued at $20,331,287. Corporate insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SUI. CoreCap Advisors LLC raised its holdings in shares of Sun Communities by 3.8% in the 4th quarter. CoreCap Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 82 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sun Communities by 9.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 84 shares during the last quarter. IFP Advisors Inc increased its holdings in Sun Communities by 3.2% during the 4th quarter. IFP Advisors Inc now owns 2,902 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Sun Communities by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 773 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 90 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Sun Communities by 55.7% in the third quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 97 shares during the last quarter. 99.59% of the stock is owned by institutional investors.

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.