Sun Communities, Inc. (SUI) To Go Ex-Dividend on June 30th

Sun Communities, Inc. (NYSE:SUI) announced a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Tuesday, June 30th will be paid a dividend of 1.12 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Sun Communities has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 8 years. Sun Communities has a payout ratio of 169.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sun Communities to earn $7.13 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 62.8%.

Sun Communities Trading Up 2.3%

SUI opened at $121.28 on Friday. The stock has a market capitalization of $14.95 billion, a P/E ratio of 11.02, a P/E/G ratio of 3.98 and a beta of 0.79. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60. Sun Communities has a 12 month low of $115.53 and a 12 month high of $137.85. The firm’s fifty day simple moving average is $124.47 and its 200 day simple moving average is $126.81.

Sun Communities (NYSE:SUI) last released its quarterly earnings results 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 firm had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. 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. As a group, research analysts anticipate that Sun Communities will post 6.94 EPS for the current fiscal year.

Analyst Ratings Changes

SUI has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Citigroup raised their price target on shares of Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Barclays cut their price objective on shares of Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Robert W. Baird increased their target price on shares of Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Finally, Zelman & Associates assumed coverage on shares of Sun Communities in a research report on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price for the company. One investment analyst has 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. Based on data from MarketBeat.com, Sun Communities presently has a consensus rating of “Moderate Buy” and an average price target of $140.91.

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.