Sun Communities (NYSE:SUI) Sees Strong Trading Volume – Should You Buy?

Sun Communities, Inc. (NYSE:SUI) saw an uptick in trading volume on Wednesday . 1,144,223 shares were traded during trading, an increase of 24% from the previous session’s volume of 923,034 shares.The stock last traded at $121.0650 and had previously closed at $119.78.

Analyst Ratings Changes

SUI has been the topic of several analyst reports. Barclays reduced their price objective on Sun Communities from $147.00 to $146.00 and set an “overweight” rating on the stock in a research note on Tuesday. Truist Financial lowered their price objective on Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Odean Cap Resea raised Sun Communities to a “strong-buy” rating in a research report on Thursday, July 9th. 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 report on Friday, June 5th. Finally, Evercore restated an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.05.

Sun Communities Trading Up 3.1%

The stock has a market capitalization of $15.04 billion, a P/E ratio of 11.08, a PEG ratio of 3.91 and a beta of 0.79. The stock’s fifty day moving average price is $122.44 and its 200 day moving average price is $126.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.39 and a quick ratio of 3.39.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share 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 company had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $472.40 million. During the same quarter last year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. 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. Research analysts forecast that Sun Communities, Inc. will post 6.9 earnings per share for the current year.

Sun Communities Dividend Announcement

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

Insiders Place Their Bets

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 completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $124.43, for a total transaction of $2,955,212.50. Following the sale, the executive vice president directly owned 9,998 shares in the company, valued at $1,244,051.14. This trade represents a 70.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.58% of the company’s stock.

Institutional Trading of Sun Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its position in Sun Communities by 8.8% in the fourth 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. Whittier Trust Co. of Nevada Inc. increased its holdings in Sun Communities by 9.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 110,415 shares of the real estate investment trust’s stock worth $13,564,000 after buying an additional 9,268 shares during the period. Legal & General Group Plc raised its position in Sun Communities by 6.4% during the 4th quarter. Legal & General Group Plc now owns 1,080,585 shares of the real estate investment trust’s stock worth $133,895,000 after buying an additional 65,053 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new position in Sun Communities during the 4th quarter worth approximately $1,549,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Sun Communities by 503.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,736 shares of the real estate investment trust’s stock valued at $9,673,000 after acquiring an additional 65,694 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

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.