Sun Communities (NYSE:SUI) Price Target Raised to $155.00

Sun Communities (NYSE:SUI) had its price objective hoisted by analysts at Citigroup from $150.00 to $155.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 12.97% from the company’s current price.

A number of other analysts have also commented on SUI. Truist Financial boosted their price target on shares of Sun Communities from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Barclays restated an “overweight” rating and set a $144.00 price objective on shares of Sun Communities in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Tuesday, January 20th. UBS Group boosted their target price on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Communities in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.93.

Sun Communities Trading Up 0.5%

NYSE SUI traded up $0.74 during trading hours on Monday, reaching $137.20. The company’s stock had a trading volume of 324,309 shares, compared to its average volume of 835,509. Sun Communities has a 52 week low of $109.22 and a 52 week high of $137.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.43 and a quick ratio of 4.43. The stock has a market cap of $16.90 billion, a P/E ratio of 12.75, a P/E/G ratio of 4.54 and a beta of 0.87. The firm has a fifty day simple moving average of $126.94 and a 200-day simple moving average of $126.49.

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

Insider Buying and Selling

In other news, Director Gary A. Shiffman sold 156,875 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Sun Communities

A number of institutional investors have recently bought and sold shares of SUI. AQR Capital Management LLC boosted its stake in Sun Communities by 17.8% during the first quarter. AQR Capital Management LLC now owns 12,076 shares of the real estate investment trust’s stock worth $1,554,000 after acquiring an additional 1,827 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Sun Communities by 21.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 195,339 shares of the real estate investment trust’s stock valued at $25,128,000 after buying an additional 33,981 shares during the period. Empowered Funds LLC boosted its position in Sun Communities by 32.5% in the first quarter. Empowered Funds LLC now owns 3,376 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 829 shares during the last quarter. Acadian Asset Management LLC bought a new position in Sun Communities in the first quarter worth approximately $362,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Sun Communities in the second quarter worth about $202,000. 99.59% of the stock is owned by institutional investors.

About Sun Communities

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.