Sun Communities (NYSE:SUI) Price Target Raised to $140.00 at Robert W. Baird

Sun Communities (NYSE:SUI) had its price objective increased by Robert W. Baird from $136.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on SUI. UBS Group upped their price target on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, January 21st. Truist Financial increased their target price on Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company upgraded Sun Communities from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.86.

Sun Communities Price Performance

NYSE SUI traded up $0.28 on Friday, reaching $136.97. 846,326 shares of the company’s stock traded hands, compared to its average volume of 914,479. The stock has a market cap of $16.87 billion, a PE ratio of 12.75, a P/E/G ratio of 4.55 and a beta of 0.88. Sun Communities has a 12 month low of $109.22 and a 12 month high of $137.85. The stock has a 50-day simple moving average of $128.20 and a 200 day simple moving average of $126.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43.

Sun Communities (NYSE:SUI) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm 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 business posted $1.41 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. 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. As a group, research analysts predict that Sun Communities will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

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

Insider Activity

In related news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clunet R. Lewis sold 3,800 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $136.01, for a total transaction of $516,838.00. Following the completion of the sale, the director owned 16,817 shares of the company’s stock, valued at $2,287,280.17. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 163,875 shares of company stock worth $20,331,287 in the last quarter. 1.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Sun Communities during the 3rd quarter valued at $27,000. Fulcrum Asset Management LLP bought a new stake in shares of Sun Communities during the 3rd quarter valued at $27,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Sun Communities during the 2nd quarter valued at $30,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Sun Communities during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

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.