Sun Communities (SUI) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUI shares.
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10 analysts have issued twelve-month price objectives for Sun Communities' stock. Their SUI share price targets range from $123.00 to $168.00. On average, they expect the company's share price to reach $141.17 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
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Sun Communities' stock was trading at $133.65 at the beginning of 2024. Since then, SUI stock has decreased by 11.7% and is now trading at $117.95.
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Sun Communities saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,450,000 shares, a drop of 17.1% from the March 15th total of 1,750,000 shares. Based on an average daily volume of 855,600 shares, the days-to-cover ratio is currently 1.7 days.
View Sun Communities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our SUI earnings forecast.

Sun Communities will be holding an earnings conference call on Tuesday, April 30th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745022".

Sun Communities, Inc. (NYSE:SUI) posted its quarterly earnings results on Wednesday, July, 26th. The real estate investment trust reported $0.72 EPS for the quarter, missing the consensus estimate of $1.95 by $1.23. The real estate investment trust earned $863.50 million during the quarter, compared to analyst estimates of $834.99 million. Sun Communities had a net margin of 4.40% and a trailing twelve-month return on equity of 1.79%. The firm's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.02 earnings per share.

Sun Communities announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 29th will be paid a dividend of $0.94 per share on Monday, April 15th. This represents a $3.76 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.93.
Read our dividend analysis for SUI.

Sun Communities (NYSE:SUI) pays an annual dividend of $3.76 per share and currently has a dividend yield of 3.18%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 329.83%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SUI will have a dividend payout ratio of 49.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SUI.

ETFs with the largest weight of Sun Communities (NYSE:SUI) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Principal Real Estate Active Opportunities ETF (BYRE), Nuveen Short-Term REIT ETF (NURE), iShares Residential and Multisector Real Estate ETF (REZ), Residential REIT ETF (HAUS), Invesco Real Assets ESG ETF (IVRA), Fidelity Real Estate Investment ETF (FPRO) and JPMorgan Realty Income ETF (JPRE).

Sun Communities updated its FY24 earnings guidance on Friday, March, 1st. The company provided earnings per share (EPS) guidance of $7.04-7.24 for the period, compared to the consensus estimate of $7.18.

140 employees have rated Sun Communities Chief Executive Officer Gary A. Shiffman on Glassdoor.com. Gary A. Shiffman has an approval rating of 91% among the company's employees. This puts Gary A. Shiffman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sun Communities investors own include Alibaba Group (BABA), NVIDIA (NVDA), Fortinet (FTNT), NextEra Energy (NEE), American Tower (AMT), Chipotle Mexican Grill (CMG), Intel (INTC), Xilinx (XLNX), Arch Capital Group (ACGL) and Walt Disney (DIS).

Sun Communities' stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.38%), Hazelview Securities Inc. (0.10%), Vert Asset Management LLC (0.04%), Gateway Investment Advisers LLC (0.02%), Aurora Investment Managers LLC. (0.01%) and First Hawaiian Bank (0.01%). Insiders that own company stock include Baxter Underwood, Bruce Thelen, Clunet R Lewis, Craig Leupold, Gary A Shiffman, Gary A Shiffman, John Bandini Mclaren, Karen Dearing, Marc Farrugia and Stephanie W Bergeron.
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Shares of SUI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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