Sun Communities (NYSE:SUI) Releases 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 Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird cut Sun Communities from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $145.00 to $126.00 in a research report on Thursday, November 7th. BMO Capital Markets cut their price target on Sun Communities from $145.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Bank of America cut shares of Sun Communities from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $147.00 to $114.00 in a research report on Tuesday, November 12th. Wells Fargo & Company dropped their price objective 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. Finally, Truist Financial raised shares of Sun Communities from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Two equities 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $134.55.

Sun Communities Stock Performance

Shares of SUI traded up $2.30 during mid-day trading on Friday, hitting $135.51. 387,651 shares of the company’s stock were exchanged, compared to its average volume of 804,712. 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 52 week low of $110.98 and a 52 week high of $147.83. The stock’s 50-day simple moving average is $125.56 and its 200-day simple moving average is $129.58. The firm has a market cap 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 quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.02. The firm had revenue of $745.90 million during the quarter, compared to analysts’ expectations of $724.68 million. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. On average, equities research analysts expect that Sun Communities will post 6.77 EPS for the current year.

Sun Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Tuesday, December 31st. Sun Communities’s dividend payout ratio (DPR) is presently 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.