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

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

Sun Communities Trading Up 0.5 %

NYSE SUI traded up $0.63 on Thursday, hitting $134.60. The company’s stock had a trading volume of 180,863 shares, compared to its average volume of 797,806. Sun Communities has a 1-year low of $110.98 and a 1-year high of $147.83. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average is $125.30 and its 200 day moving average is $129.55. The firm has a market cap of $17.15 billion, a PE ratio of 72.36 and a beta of 0.90.

Sun Communities (NYSE:SUI) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share for the quarter, beating 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 firm had revenue of $745.90 million for the quarter, compared to analyst estimates of $724.68 million. As a group, analysts predict that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a yield of 2.79%. Sun Communities’s dividend payout ratio (DPR) is presently 202.15%.

Analyst Upgrades and Downgrades

SUI has been the subject of several recent research reports. StockNews.com downgraded shares of Sun Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Royal Bank of Canada cut their price objective on shares of Sun Communities from $147.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Bank of America lowered shares of Sun Communities from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $147.00 to $114.00 in a research report on Tuesday, November 12th. Jefferies Financial Group dropped their target price on shares of Sun Communities from $145.00 to $142.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Truist Financial upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $134.55.

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.