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

Sun Communities (NYSE:SUI) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.140-1.220 for the period, compared to the consensus earnings per share 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 Price Performance

SUI stock traded down $1.13 during midday trading on Wednesday, reaching $133.81. The company had a trading volume of 940,330 shares, compared to its average volume of 815,152. Sun Communities has a 1 year low of $110.98 and a 1 year high of $147.83. 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 has a market capitalization of $17.05 billion, a P/E ratio of 71.94 and a beta of 0.90. The firm has a 50-day moving average price of $125.03 and a 200-day moving average price of $129.52.

Sun Communities (NYSE:SUI) last released its quarterly earnings results 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 return on equity of 3.21% and a net margin of 7.46%. On average, research analysts anticipate that Sun Communities will post 6.77 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.81%. The ex-dividend date was Tuesday, December 31st. Sun Communities’s dividend payout ratio is currently 202.15%.

Wall Street Analyst Weigh In

SUI has been the subject of a number of recent research reports. Jefferies Financial Group lowered 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 lowered their price target on shares of Sun Communities from $147.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Robert W. Baird cut Sun Communities from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $145.00 to $126.00 in a research note on Thursday, November 7th. Bank of America lowered Sun Communities from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $147.00 to $114.00 in a research note on Tuesday, November 12th. Finally, UBS Group lowered Sun Communities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $155.00 to $134.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, six have issued 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 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.