Sun Communities (NYSE:SUI) Stock Price Expected to Rise, Truist Financial Analyst Says

Sun Communities (NYSE:SUI) had its target price upped by Truist Financial from $141.00 to $142.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 12.98% from the stock’s previous close.

Several other brokerages have also recently commented on SUI. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Sun Communities from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Morgan Stanley set a $142.00 price target on Sun Communities in a research note on Thursday, September 4th. Jefferies Financial Group set a $142.00 price objective on Sun Communities and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Robert W. Baird boosted their target price on Sun Communities from $126.00 to $134.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $137.67.

Sun Communities Trading Down 0.9%

NYSE:SUI opened at $125.68 on Tuesday. The company has a market capitalization of $15.54 billion, a PE ratio of 15.75, a P/E/G ratio of 4.05 and a beta of 0.86. Sun Communities has a 52-week low of $109.22 and a 52-week high of $137.77. The stock’s 50 day moving average price is $126.25 and its 200 day moving average price is $125.52. 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 announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. The business had revenue of $697.20 million for the quarter, compared to analyst estimates of $713.32 million. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.51%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. 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, research analysts anticipate that Sun Communities will post 6.77 EPS for the current year.

Insider Transactions at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of Sun Communities stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $126.24, for a total value of $504,960.00. Following the completion of the sale, the director owned 26,000 shares in the company, valued at $3,282,240. The trade was a 13.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Sun Communities

Several hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in Sun Communities during the third quarter worth approximately $27,000. Twin Tree Management LP acquired a new stake in Sun Communities during the 1st quarter worth approximately $29,000. Elevation Point Wealth Partners LLC purchased a new stake in Sun Communities during the second quarter worth approximately $30,000. Ransom Advisory Ltd acquired a new stake in shares of Sun Communities in the first quarter worth $31,000. Finally, MAI Capital Management raised its stake in shares of Sun Communities by 164.4% in the 2nd quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 166 shares during the period. 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.