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

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Baird R W downgraded shares of Sun Communities from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Company reduced their target price on shares of Sun Communities from $154.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Truist Financial raised shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Bank of America cut shares of Sun Communities from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $147.00 to $114.00 in a research note on Tuesday, November 12th. Finally, BMO Capital Markets reduced their target price on shares of Sun Communities from $145.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Sun Communities has an average rating of “Hold” and a consensus target price of $134.55.

Sun Communities Trading Up 0.5 %

Shares of NYSE:SUI traded up $0.63 on Thursday, hitting $134.60. 180,863 shares of the company’s stock were exchanged, compared to its average volume of 797,806. Sun Communities has a 12 month low of $110.98 and a 12 month high of $147.83. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 72.36 and a beta of 0.90. The business’s 50 day simple moving average is $125.30 and its two-hundred day simple moving average is $129.55. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.61 and a quick ratio of 1.61.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.41 EPS for the quarter, beating the consensus estimate of $1.39 by $0.02. The firm had revenue of $745.90 million for the quarter, compared to analyst estimates of $724.68 million. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. Analysts anticipate that Sun Communities will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 2.79%. Sun Communities’s dividend payout ratio is currently 202.15%.

Sun Communities Company Profile

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.