Royal Bank Of Canada Issues Pessimistic Forecast for Sun Communities (NYSE:SUI) Stock Price

Sun Communities (NYSE:SUI) had its price objective lowered by Royal Bank Of Canada from $151.00 to $149.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 20.33% from the stock’s current price.

A number of other research firms have also recently issued reports on SUI. Citigroup increased their target price on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Sun Communities in a research note on Thursday, May 14th. Truist Financial lowered their target price on Sun Communities from $147.00 to $141.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Barclays lowered their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Finally, Weiss Ratings cut Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sun Communities currently has a consensus rating of “Moderate Buy” and an average target price of $141.13.

Sun Communities Trading Up 0.9%

Shares of NYSE:SUI traded up $1.14 during mid-day trading on Friday, reaching $123.83. The stock had a trading volume of 447,085 shares, compared to its average volume of 839,641. The firm has a market cap of $15.26 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 3.96 and a beta of 0.79. The firm has a 50 day simple moving average of $126.35 and a two-hundred day simple moving average of $127.40. 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 twelve month low of $115.53 and a twelve month 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) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The firm had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. 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. On average, research analysts predict that Sun Communities will post 6.94 EPS for the current fiscal year.

Insider Buying and Selling at Sun Communities

In other news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at $1,244,051.14. This trade represents a 70.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sun Communities

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew 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 in the last quarter. Dodge & Cox grew its stake in shares of Sun Communities by 2.0% in the third quarter. Dodge & Cox now owns 14,480,815 shares of the real estate investment trust’s stock valued at $1,868,025,000 after buying an additional 282,055 shares in the last quarter. Norges Bank bought a new position in shares of Sun Communities in the fourth quarter valued at $753,364,000. State Street Corp grew its stake in shares of Sun Communities by 4.2% in the third quarter. State Street Corp now owns 5,383,984 shares of the real estate investment trust’s stock valued at $699,862,000 after buying an additional 214,634 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake 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 buying an additional 554,075 shares in the last quarter. 99.59% of the stock is owned by institutional investors.

About Sun Communities

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.