Wells Fargo & Company Issues Pessimistic Forecast for Sun Communities (NYSE:SUI) Stock Price

Sun Communities (NYSE:SUI) had its price target reduced by equities research analysts at Wells Fargo & Company from $150.00 to $142.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 16.08% from the stock’s previous close.

Several other research firms have also recently issued reports on SUI. Truist Financial cut their target price on Sun Communities from $147.00 to $141.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Robert W. Baird raised their target price on Sun Communities from $136.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Royal Bank Of Canada lifted their price objective on Sun Communities from $148.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Citigroup lifted their price objective on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings lowered Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.27.

Sun Communities Trading Down 2.1%

Shares of NYSE:SUI traded down $2.67 on Friday, reaching $122.33. 99,968 shares of the company traded hands, compared to its average volume of 806,325. 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 business’s 50-day simple moving average is $127.20 and its 200 day simple moving average is $127.58. The stock has a market capitalization of $15.07 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 4.11 and a beta of 0.82. Sun Communities has a 52 week low of $115.53 and a 52 week high of $137.85.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.Sun Communities’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm 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. As a group, equities analysts anticipate that Sun Communities will post 6.92 EPS for the current fiscal year.

Insider Transactions at Sun Communities

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the 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 owned 9,998 shares in the company, valued at approximately $1,244,051.14. This represents a 70.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.15, for a total value of $435,680.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,750 shares of company stock valued at $3,907,731. Company insiders own 1.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Sun Communities by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock worth $2,359,404,000 after acquiring an additional 249,501 shares during the last quarter. Dodge & Cox lifted its stake in shares of Sun Communities by 2.0% during the 3rd quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock worth $1,868,025,000 after acquiring an additional 282,055 shares during the last quarter. Norges Bank bought a new stake in shares of Sun Communities during the 4th quarter worth approximately $753,364,000. State Street Corp lifted its stake in shares of Sun Communities by 4.2% during the 3rd quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock worth $699,862,000 after acquiring an additional 214,634 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Sun Communities by 12.4% in the fourth quarter. Wellington Management Group LLP now owns 5,039,870 shares of the real estate investment trust’s stock valued at $624,490,000 after purchasing an additional 554,075 shares during the period. Hedge funds and other institutional investors 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.