Sun Communities (NYSE:SUI) Hits New 1-Year High on Analyst Upgrade

Sun Communities, Inc. (NYSE:SUI)’s stock price reached a new 52-week high during mid-day trading on Friday after Wells Fargo & Company upgraded the stock from an equal weight rating to an overweight rating. Wells Fargo & Company now has a $150.00 price target on the stock, up from their previous price target of $133.00. Sun Communities traded as high as $137.84 and last traded at $136.4150, with a volume of 454488 shares changing hands. The stock had previously closed at $135.78.

Other research analysts also recently issued reports about the company. Jefferies Financial Group set a $142.00 price objective on Sun Communities and gave the company a “buy” rating in a research note on Monday, November 3rd. UBS Group lifted their price target on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Tuesday, January 20th. 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 report on Tuesday, November 18th. Finally, 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 report on Wednesday, November 19th. Seven equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $138.77.

Insider Activity at Sun Communities

In other news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Sun Communities

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Sun Communities by 9.1% in the 4th quarter. Invesco Ltd. now owns 264,235 shares of the real estate investment trust’s stock valued at $32,741,000 after acquiring an additional 22,123 shares during the last quarter. Rare Wolf Capital LLC purchased a new stake in Sun Communities during the fourth quarter valued at approximately $1,204,000. Corient Private Wealth LLC lifted its stake in shares of Sun Communities by 4.0% in 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 purchasing an additional 3,568 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Sun Communities by 208.1% in 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 purchasing an additional 22,870 shares during the last quarter. Finally, Braeburn Wealth Management LLC purchased a new position in shares of Sun Communities in the 4th quarter worth approximately $412,000. 99.59% of the stock is owned by hedge funds and other institutional investors.

Sun Communities Trading Up 0.1%

The company has a 50-day moving average price of $126.66 and a two-hundred day moving average price of $126.41. The stock has a market cap of $16.80 billion, a P/E ratio of 12.68, a P/E/G ratio of 4.41 and a beta of 0.90. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58.

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

Sun Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Sun Communities’s dividend payout ratio is 52.13%.

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.