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.

Sun Communities Stock Performance

Shares of SUI stock traded up $2.30 during midday trading on Friday, hitting $135.51. The company had a trading volume of 387,651 shares, compared to its average volume of 804,712. The stock has a market cap of $17.26 billion, a price-to-earnings ratio of 72.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.61 and a quick ratio of 1.61. The company’s 50 day simple moving average is $125.56 and its 200 day simple moving average is $129.58. Sun Communities has a 52-week low of $110.98 and a 52-week high of $147.83.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.02. The firm had revenue of $745.90 million during the quarter, compared to the consensus estimate of $724.68 million. Sun Communities had a return on equity of 3.21% and a net margin of 7.46%. Research analysts anticipate that Sun Communities will post 6.77 earnings per share 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 was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.77%. Sun Communities’s dividend payout ratio (DPR) is 202.15%.

Analyst Upgrades and Downgrades

SUI has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on Sun Communities from $154.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Royal Bank of Canada decreased their price target on Sun Communities from $147.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets cut their price objective on Sun Communities from $145.00 to $138.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Baird R W downgraded Sun Communities from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Robert W. Baird cut shares of Sun Communities from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $145.00 to $126.00 in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.55.

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.