Sun Communities, Inc. (SUI) to Issue Quarterly Dividend of $1.12 on April 15th

Sun Communities, Inc. (NYSE:SUI) announced a quarterly dividend on Thursday, March 12th. Investors of record on Tuesday, March 31st will be given a dividend of 1.12 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 7.7% increase from Sun Communities’s previous quarterly dividend of $1.04.

Sun Communities has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Sun Communities has a dividend payout ratio of 157.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Sun Communities to earn $7.02 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 59.3%.

Sun Communities Stock Down 0.4%

Shares of NYSE SUI opened at $134.44 on Friday. Sun Communities has a 52 week low of $109.22 and a 52 week high of $137.85. The business has a 50-day simple moving average of $129.35 and a two-hundred day simple moving average of $127.14. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The company has a market cap of $16.56 billion, a P/E ratio of 12.52, a P/E/G ratio of 4.49 and a beta of 0.88.

Sun Communities (NYSE:SUI) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Sun Communities had a negative return on equity of 0.04% and a net margin of 61.86%.The business had revenue of $515.20 million during the quarter, compared to analyst estimates of $509.40 million. During the same quarter in the previous year, the firm earned $1.41 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. 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. Research analysts anticipate that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on SUI shares. UBS Group boosted their price objective on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Robert W. Baird raised their price target on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Truist Financial boosted their price target on shares of Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Morgan Stanley decreased their price target on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Finally, Citigroup increased their price objective on Sun Communities from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sun Communities has a consensus rating of “Hold” and an average target price of $140.86.

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.