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

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

Sun Communities Stock Performance

SUI traded down $1.13 on Wednesday, hitting $133.81. 940,330 shares of the company traded hands, compared to its average volume of 815,152. Sun Communities has a 12-month low of $110.98 and a 12-month high of $147.83. The company has a 50 day moving average of $125.03 and a 200-day moving average of $129.52. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $17.05 billion, a PE ratio of 71.94 and a beta of 0.90.

Sun Communities (NYSE:SUI) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. Sell-side analysts anticipate that Sun Communities will post 6.77 earnings per share for the current year.

Sun Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Tuesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is presently 202.15%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird cut shares of Sun Communities from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $145.00 to $126.00 in a report on Thursday, November 7th. Truist Financial raised Sun Communities from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. UBS Group downgraded Sun Communities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $155.00 to $134.00 in a research note on Thursday, November 14th. StockNews.com cut Sun Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets reduced their target price on Sun Communities from $145.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.55.

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.