Robert W. Baird Increases Sun Communities (NYSE:SUI) Price Target to $136.00

Sun Communities (NYSE:SUI) had its price target lifted by stock analysts at Robert W. Baird from $134.00 to $136.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 8.29% from the stock’s current price.

Several other equities research analysts also recently issued reports on SUI. Jefferies Financial Group set a $142.00 price objective on shares of Sun Communities and gave the stock a “buy” rating in a research report on Monday, November 3rd. Truist Financial boosted their target price on shares of Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley set a $142.00 price objective on Sun Communities in a report on Thursday, September 4th. Evercore ISI increased their price target on shares of Sun Communities from $136.00 to $138.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $137.83.

Sun Communities Price Performance

NYSE:SUI opened at $125.58 on Wednesday. Sun Communities has a 12-month low of $109.22 and a 12-month high of $137.77. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 4.05 and a beta of 0.86. The stock’s 50 day moving average price is $126.16 and its two-hundred day moving average price is $125.48. The company has a quick ratio of 7.08, a current ratio of 7.08 and a debt-to-equity ratio of 0.55.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.10. Sun Communities had a negative return on equity of 4.51% and a net margin of 42.58%.The business had revenue of $697.20 million for the quarter, compared to analysts’ expectations of $713.32 million. During the same quarter in the prior year, the business earned $2.34 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. 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, analysts anticipate that Sun Communities will post 6.77 earnings per share for the current year.

Insider Buying and Selling

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $126.24, for a total transaction of $504,960.00. Following the completion of the sale, the director owned 26,000 shares of the company’s stock, valued at approximately $3,282,240. This represents a 13.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Sun Communities

A number of hedge funds have recently bought and sold shares of SUI. Aster Capital Management DIFC Ltd acquired a new stake in Sun Communities during the 3rd quarter worth about $27,000. Fulcrum Asset Management LLP bought a new position in Sun Communities during the third quarter worth $27,000. Twin Tree Management LP acquired a new position in shares of Sun Communities during the first quarter valued at about $29,000. Elevation Point Wealth Partners LLC bought a new position in Sun Communities in the second quarter worth approximately $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Sun Communities during the first quarter valued at approximately $31,000. Institutional investors own 99.59% of the company’s stock.

About Sun Communities

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.