Sun Communities (NYSE:SUI) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of Sun Communities (NYSE:SUI) to a strong-buy rating in a research note published on Friday,Zacks.com reports.

SUI has been the subject of a number of other research reports. Zelman & Associates initiated coverage on shares of Sun Communities in a research report on Monday, March 16th. They set an “outperform” rating and a $127.75 target price for the company. Robert W. Baird increased their target price on Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Colliers Securities raised Sun Communities from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Friday, May 22nd. Barclays dropped their price target on Sun Communities from $148.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Finally, Truist Financial cut their price target on Sun Communities from $141.00 to $138.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.91.

Sun Communities Stock Up 2.3%

SUI opened at $121.28 on Friday. The firm has a market cap of $14.95 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 3.90 and a beta of 0.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.39 and a current ratio of 3.39. The business has a 50 day moving average price of $124.47 and a 200 day moving average price of $126.81. Sun Communities has a twelve month low of $115.53 and a twelve month high of $137.85.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $1.31 by ($1.38). The company had revenue of $500.50 million for the quarter, compared to analyst estimates of $472.40 million. Sun Communities had a net margin of 62.29% and a return on equity of 0.16%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.26 EPS. 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. Research analysts forecast that Sun Communities will post 6.94 EPS for the current year.

Sun Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Sun Communities’s dividend payout ratio (DPR) is 40.69%.

Insider Activity

In other Sun Communities news, EVP Fernando Castro-Caratini sold 23,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $124.43, for a total value of $2,955,212.50. Following the completion of the sale, the executive vice president owned 9,998 shares in the company, valued at approximately $1,244,051.14. This trade represents a 70.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary A. Shiffman sold 25,031 shares of Sun Communities stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $119.96, for a total value of $3,002,718.76. Following the sale, the director directly owned 857,761 shares in the company, valued at $102,897,009.56. The trade was a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.58% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Sun Communities by 1,226.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Sun Communities in the 3rd quarter valued at $27,000. Fulcrum Asset Management LLP acquired a new position in shares of Sun Communities in the 3rd quarter valued at $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Sun Communities in the 4th quarter valued at $33,000. Finally, Wiser Advisor Group LLC bought a new position in shares of Sun Communities during the 3rd quarter worth about $46,000. 99.59% of the stock is owned by 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.