Sun Communities (NYSE:SUI) Price Target Raised to $155.00 at Citigroup

Sun Communities (NYSE:SUI) had its price objective upped by Citigroup from $150.00 to $155.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on the company. Morgan Stanley lowered their price target on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Truist Financial raised their price objective on shares of Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Robert W. Baird upped their target price on shares of Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. Wall Street Zen raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Jefferies Financial Group set a $142.00 price objective on shares of Sun Communities and gave the stock a “buy” rating in a report on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $139.93.

Sun Communities Price Performance

SUI stock opened at $136.99 on Monday. The firm has a 50 day moving average price of $127.22 and a 200-day moving average price of $126.56. Sun Communities has a 52-week low of $109.22 and a 52-week high of $137.85. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 4.54 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.43 and a current ratio of 4.43.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $515.20 million for the quarter, compared to the consensus estimate of $509.40 million. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. Sun Communities has set its FY 2026 guidance at 6.830-7.030 EPS and its Q1 2026 guidance at 1.240-1.320 EPS. Equities research analysts forecast that Sun Communities will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, December 31st. Sun Communities’s payout ratio is presently 38.73%.

Insider Buying and Selling at Sun Communities

In related news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total transaction of $19,378,768.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in shares of Sun Communities by 9.1% during the 4th quarter. Invesco Ltd. now owns 264,235 shares of the real estate investment trust’s stock valued at $32,741,000 after purchasing an additional 22,123 shares during the last quarter. Rare Wolf Capital LLC purchased a new stake in shares of Sun Communities in the fourth quarter worth about $1,204,000. Corient Private Wealth LLC grew its holdings in Sun Communities by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 93,608 shares of the real estate investment trust’s stock valued at $11,582,000 after buying an additional 3,568 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Sun Communities by 208.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,858 shares of the real estate investment trust’s stock valued at $4,195,000 after buying an additional 22,870 shares in the last quarter. Finally, Braeburn Wealth Management LLC bought a new stake in Sun Communities in the 4th quarter worth approximately $412,000. 99.59% of the stock is currently 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.