Mizuho Initiates Coverage on Sun Communities (NYSE:SUI)

Analysts at Mizuho initiated coverage on shares of Sun Communities (NYSE:SUI) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a $143.00 price target on the real estate investment trust’s stock. Mizuho’s target price indicates a potential upside of 13.37% from the company’s current price.

Several other equities analysts have also recently issued reports on SUI. Truist Financial boosted their target price on Sun Communities from $141.00 to $147.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Barclays raised their price target on Sun Communities from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Wells Fargo & Company upgraded shares of Sun Communities from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $133.00 to $150.00 in a report on Friday, February 27th. Citigroup lifted their target price on shares of Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.17.

Sun Communities Stock Performance

Shares of NYSE:SUI opened at $126.13 on Tuesday. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $130.31 and a 200-day moving average price of $127.31. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 4.29 and a beta of 0.87. Sun Communities has a 12 month low of $109.22 and a 12 month high of $137.85.

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

Insider Activity

In other news, Director Clunet R. Lewis sold 3,800 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $136.01, for a total transaction of $516,838.00. Following the sale, the director owned 16,817 shares in the company, valued at $2,287,280.17. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.89% of the company’s stock.

Institutional Trading of Sun Communities

Several institutional investors have recently added to or reduced their stakes in SUI. Allstate Corp bought a new stake in Sun Communities in the 3rd quarter worth about $659,000. Vanguard Group Inc. lifted its stake in Sun Communities by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,289,956 shares of the real estate investment trust’s stock valued at $2,359,404,000 after acquiring an additional 249,501 shares during the period. Baillie Gifford & Co. lifted its stake in Sun Communities by 26.6% during the 3rd quarter. Baillie Gifford & Co. now owns 48,210 shares of the real estate investment trust’s stock valued at $6,219,000 after acquiring an additional 10,127 shares during the period. Rakuten Investment Management Inc. purchased a new position in shares of Sun Communities during the third quarter valued at approximately $1,527,000. Finally, Wealthfront Advisers LLC lifted its position in Sun Communities by 304.3% during the third quarter. Wealthfront Advisers LLC now owns 27,828 shares of the real estate investment trust’s stock valued at $3,590,000 after purchasing an additional 20,945 shares during the period. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

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.