Sun Communities (NYSE:SUI) Updates FY 2025 Earnings Guidance

Sun Communities (NYSE:SUI) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.820-7.060 for the period, compared to the consensus estimate of 7.070. The company issued revenue guidance of -. Sun Communities also updated its Q1 2025 guidance to 1.140-1.220 EPS.

Analyst Ratings Changes

SUI has been the subject of a number of recent research reports. StockNews.com downgraded Sun Communities from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Truist Financial raised Sun Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. BMO Capital Markets dropped their target price on shares of Sun Communities from $145.00 to $138.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird cut Sun Communities from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $145.00 to $126.00 in a research note on Thursday, November 7th. Finally, Baird R W downgraded shares of Sun Communities from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Sun Communities has a consensus rating of “Hold” and a consensus price target of $134.55.

Sun Communities Trading Up 1.7 %

NYSE SUI traded up $2.30 during trading on Friday, hitting $135.51. The company had a trading volume of 387,651 shares, compared to its average volume of 804,712. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.93. Sun Communities has a one year low of $110.98 and a one year high of $147.83. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 72.94 and a beta of 0.90. The company’s fifty day moving average is $125.56 and its 200-day moving average is $129.58.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. The firm had revenue of $745.90 million during the quarter, compared to analyst estimates of $724.68 million. Sun Communities had a net margin of 7.46% and a return on equity of 3.21%. On average, sell-side analysts predict that Sun Communities will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.94 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 2.77%. Sun Communities’s payout ratio is 202.15%.

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.