Sun Communities (NYSE:SUI) Coverage Initiated at Zelman & Associates

Research analysts at Zelman & Associates initiated coverage on shares of Sun Communities (NYSE:SUI) in a report released on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $127.75 price target on the real estate investment trust’s stock. Zelman & Associates’ target price points to a potential downside of 4.59% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Barclays boosted their target price on shares of Sun Communities from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Robert W. Baird lifted their price objective on shares of Sun Communities from $136.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, March 6th. UBS Group boosted their price objective on shares of Sun Communities from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Truist Financial upped their target price on shares of Sun Communities from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company raised shares of Sun Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $133.00 to $150.00 in a research report on Friday, February 27th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.98.

Sun Communities Trading Down 0.4%

Sun Communities stock traded down $0.55 during midday trading on Monday, reaching $133.90. The stock had a trading volume of 292,738 shares, compared to its average volume of 843,974. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 4.49 and a beta of 0.87. Sun Communities has a 52-week low of $109.22 and a 52-week high of $137.85. The company has a fifty day moving average of $129.35 and a 200 day moving average of $127.16.

Sun Communities (NYSE:SUI) last announced its 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 negative return on equity of 0.04% and a net margin of 61.86%.The business had revenue of $515.20 million during the quarter, compared to analyst estimates of $509.40 million. During the same quarter in the previous year, the business earned $1.41 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. 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. On average, analysts anticipate that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Insider Transactions at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 3,200 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $136.15, for a total transaction of $435,680.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $19,378,768.75. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 163,875 shares of company stock valued at $20,331,287. 1.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Sun Communities

Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC lifted its holdings in Sun Communities by 3.8% during the fourth quarter. Corient Private Wealth LLC now owns 93,462 shares of the real estate investment trust’s stock worth $11,582,000 after buying an additional 3,422 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Sun Communities by 9.5% in the 4th quarter. Hsbc Holdings PLC now owns 596,643 shares of the real estate investment trust’s stock valued at $74,043,000 after acquiring an additional 51,941 shares during the period. Invesco Ltd. raised its position in shares of Sun Communities by 9.1% in the 4th quarter. Invesco Ltd. now owns 264,235 shares of the real estate investment trust’s stock worth $32,741,000 after acquiring an additional 22,123 shares in the last quarter. Rare Wolf Capital LLC bought a new position in shares of Sun Communities in the 4th quarter worth $1,204,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Sun Communities by 208.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,858 shares of the real estate investment trust’s stock worth $4,195,000 after purchasing an additional 22,870 shares during the last quarter. 99.59% of the stock is owned by hedge funds and other 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.