Sun Communities (NYSE:SUI) Price Target Raised to $133.00 at Wells Fargo & Company

Sun Communities (NYSE:SUI) had its target price hoisted by stock analysts at Wells Fargo & Company from $132.00 to $133.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 5.37% from the stock’s previous close.

A number of other research analysts have also issued reports on SUI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Communities in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on Sun Communities from $142.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday. Evercore ISI lifted their price objective on Sun Communities from $136.00 to $138.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Wall Street Zen upgraded shares of Sun Communities from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Jefferies Financial Group set a $142.00 target price on Sun Communities and gave the stock a “buy” rating in a report on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $137.31.

Sun Communities Stock Down 0.3%

NYSE SUI traded down $0.40 on Monday, reaching $126.23. The company had a trading volume of 18,293 shares, compared to its average volume of 864,527. The firm has a 50-day moving average of $126.38 and a 200-day moving average of $125.43. Sun Communities has a 1 year low of $109.22 and a 1 year high of $137.77. The firm has a market capitalization of $15.61 billion, a PE ratio of 15.78, a P/E/G ratio of 4.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.08 and a quick ratio of 7.08.

Sun Communities (NYSE:SUI) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping the consensus estimate of $2.18 by $0.10. The company had revenue of $697.20 million during the quarter, compared to analyst estimates of $713.32 million. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS. FY 2025 guidance at 6.590-6.670 EPS. On average, equities research analysts anticipate that Sun Communities will post 6.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SUI. Twin Tree Management LP acquired a new stake in shares of Sun Communities in the 1st quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC acquired a new stake in Sun Communities during the 2nd quarter worth approximately $30,000. Ransom Advisory Ltd bought a new stake in shares of Sun Communities in the first quarter valued at about $31,000. MAI Capital Management grew its position in shares of Sun Communities by 164.4% during the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 166 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Sun Communities by 55.7% in the 3rd quarter. Assetmark Inc. now owns 271 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 97 shares in the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.

Sun Communities Company Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.