Sun Communities (NYSE:SUI) Price Target Cut to $137.00 by Analysts at Mizuho

Sun Communities (NYSE:SUI) had its price target dropped by equities researchers at Mizuho from $143.00 to $137.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target indicates a potential upside of 13.21% from the stock’s current price.

Several other analysts also recently weighed in on the company. Citigroup lifted their target price on Sun Communities from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings lowered shares of Sun Communities from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wells Fargo & Company dropped their price target on shares of Sun Communities from $150.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Royal Bank Of Canada dropped their target price on Sun Communities from $151.00 to $149.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Finally, Zelman & Associates started coverage on shares of Sun Communities in a report on Monday, March 16th. They issued an “outperform” rating and a $127.75 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.48.

Sun Communities Price Performance

Shares of NYSE:SUI opened at $121.02 on Tuesday. Sun Communities has a fifty-two week low of $115.53 and a fifty-two week high of $137.85. The company has a market cap of $14.91 billion, a PE ratio of 10.99, a P/E/G ratio of 3.98 and a beta of 0.80. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $124.33 and a 200 day simple moving average of $126.81.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($1.38). Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.The company had revenue of $500.50 million during the quarter, compared to analyst estimates of $472.40 million. During the same period in the prior year, the business earned $1.26 earnings per share. Sun Communities’s quarterly revenue was up 8.0% on a year-over-year basis. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. On average, sell-side analysts anticipate that Sun Communities will post 6.94 EPS for the current year.

Insider Buying and Selling at Sun Communities

In related news, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total transaction of $3,002,718.76. Following the completion of the sale, the director owned 857,761 shares of the company’s stock, valued at approximately $102,897,009.56. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fernando Castro-Caratini sold 23,750 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the transaction, the executive vice president owned 9,998 shares in the company, valued at $1,244,051.14. This trade represents a 70.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Sun Communities in the fourth quarter worth approximately $753,364,000. Wellington Management Group LLP increased its stake in shares of Sun Communities by 1,224.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,485,795 shares of the real estate investment trust’s stock worth $578,668,000 after purchasing an additional 4,147,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Sun Communities by 37,933.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,474,162 shares of the real estate investment trust’s stock worth $182,663,000 after purchasing an additional 1,470,286 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Sun Communities by 20,348.9% during the 4th quarter. M&T Bank Corp now owns 498,339 shares of the real estate investment trust’s stock valued at $61,749,000 after purchasing an additional 495,902 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Sun Communities by 152.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 767,190 shares of the real estate investment trust’s stock valued at $95,063,000 after purchasing an additional 463,312 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

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.