Sun Communities (NYSE:SUI) Raised to “Strong-Buy” at Odean Cap Resea

Sun Communities (NYSE:SUI) was upgraded by research analysts at Odean Cap Resea to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Sun Communities in a report on Thursday, May 14th. Barclays reduced their target price on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Evercore restated an “outperform” rating and issued a $144.00 price target on shares of Sun Communities in a report on Wednesday, April 29th. Weiss Ratings lowered Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Odeon Capital Group set a $135.00 price objective on Sun Communities in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.12.

Sun Communities Stock Up 0.3%

Sun Communities stock opened at $119.10 on Thursday. The company’s 50-day moving average price is $122.92 and its two-hundred day moving average price is $126.66. 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 52 week low of $115.53 and a 52 week high of $137.85. The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 3.92 and a beta of 0.79.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The firm’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. On average, analysts expect that Sun Communities will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gary A. Shiffman sold 25,031 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $119.96, for a total value of $3,002,718.76. Following the completion of the transaction, the director owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’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 completion of the transaction, the executive vice president directly owned 9,998 shares of the company’s stock, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Sun Communities during the 4th quarter worth about $753,364,000. Wellington Management Group LLP increased its position in shares of Sun Communities by 1,224.1% in the third quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock valued at $578,668,000 after acquiring an additional 4,147,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sun Communities by 37,933.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock valued at $182,663,000 after acquiring an additional 1,470,286 shares during the last quarter. M&T Bank Corp raised its holdings in Sun Communities by 20,348.9% during the fourth quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock worth $61,749,000 after acquiring an additional 495,902 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Sun Communities by 152.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock worth $95,063,000 after acquiring an additional 463,312 shares in 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.