Sun Communities (NYSE:SUI) Raised to Overweight at Wells Fargo & Company

Sun Communities (NYSE:SUI) was upgraded by research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Friday, Marketbeat.com reports. The firm presently has a $150.00 price target on the real estate investment trust’s stock, up from their prior price target of $133.00. Wells Fargo & Company‘s price target indicates a potential upside of 9.72% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada upped their price target on shares of Sun Communities from $142.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Robert W. Baird upped their target price on shares of Sun Communities from $134.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 19th. UBS Group increased their price target 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. Wall Street Zen raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Morgan Stanley lowered their price objective on Sun Communities from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.77.

Sun Communities Stock Performance

Sun Communities stock opened at $136.71 on Friday. Sun Communities has a twelve month low of $109.22 and a twelve month high of $137.84. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $16.84 billion, a P/E ratio of 12.73, a PEG ratio of 4.54 and a beta of 0.90. The stock’s 50 day moving average is $126.94 and its 200 day moving average is $126.50.

Sun Communities (NYSE:SUI) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.40 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $509.40 million. During the same period in the previous year, the company posted $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, equities research analysts predict that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Insider Activity at Sun Communities

In other Sun Communities news, Director Gary A. Shiffman sold 156,875 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Communities

A number of large investors have recently made changes to their positions in SUI. AQR Capital Management LLC boosted its holdings in shares of Sun Communities by 17.8% in 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 buying an additional 1,827 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Sun Communities by 21.1% during the first 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 last quarter. Empowered Funds LLC raised 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 acquiring an additional 829 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Sun Communities during the 1st quarter worth $362,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Sun Communities by 143.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 45,291 shares of the real estate investment trust’s stock worth $5,729,000 after acquiring an additional 26,693 shares during the last quarter. 99.59% of the stock is currently 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.