Sun Communities (NYSE:SUI) Issues Q1 2025 Earnings Guidance

Sun Communities (NYSE:SUI) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.140-1.220 for the period, compared to the consensus EPS estimate of 1.280. The company issued revenue guidance of -. Sun Communities also updated its FY 2025 guidance to 6.820-7.060 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SUI shares. Jefferies Financial Group decreased their price objective on shares of Sun Communities from $145.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Royal Bank of Canada dropped their price objective on shares of Sun Communities from $147.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird downgraded Sun Communities from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $145.00 to $126.00 in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price target on 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. Finally, Truist Financial upgraded Sun Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.55.

Sun Communities Price Performance

SUI traded up $2.30 during trading on Friday, hitting $135.51. The company’s stock had a trading volume of 387,651 shares, compared to its average volume of 804,712. The firm’s 50 day moving average price is $125.56 and its two-hundred day moving average price is $129.58. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. 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 $17.26 billion, a price-to-earnings ratio of 72.94 and a beta of 0.90.

Sun Communities (NYSE:SUI) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. Sun Communities had a net margin of 7.46% and a return on equity of 3.21%. The company had revenue of $745.90 million for the quarter, compared to analyst estimates of $724.68 million. Sell-side analysts forecast that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Tuesday, December 31st. Sun Communities’s payout ratio is 202.15%.

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.