Sun Communities
SUI

$141.22

2.74%

Market Cap: $17.6B

About: Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 666 properties, which includes 351 manufactured housing communities, 179 residential vehicle communities, and 136 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Employees: 6,780

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

336% more call options, than puts

Call options by funds: $33.4M | Put options by funds: $7.66M

1.83% more ownership

Funds ownership: 94.76% [Q1] → 96.59% (+1.83%) [Q2]

1% more funds holding

Funds holding: 491 [Q1] → 497 (+6) [Q2]

10% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 61

4% less capital invested

Capital invested by funds: $15.1B [Q1] → $14.5B (-$586M) [Q2]

20% less funds holding in top 10

Funds holding in top 10: 10 [Q1] → 8 (-2) [Q2]

27% less repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 209

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Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$138

2%

downside

Avg. target

$150

6%

upside

High target

$171

21%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Baird Wesley Golladay 100% 1-year accuracy 6 / 6 met price target	3%upside $145	Outperform Maintained	3 Sept 2024
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target	2%upside $144	Outperform Maintained	28 Aug 2024
Truist Securities Anthony Hau 65% 1-year accuracy 20 / 31 met price target	2%downside $138	Hold Maintained	13 Aug 2024
RBC Capital Brad Heffern 97% 1-year accuracy 38 / 39 met price target	21%upside $171	Outperform Maintained	2 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about SUI published over the past 30 days

Sun Communities, Inc. Declares Third Quarter 2024 Distribution

Southfield, MI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”) a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the third quarter of 2024. The distribution is payable on October 15, 2024 to shareholders of record on September 30, 2024.

Sun Communities, Inc. Declares Third Quarter 2024 Distribution

If I Had To Retire Today With 10 REITs - Part 1

I recommend owning 10-20 diversified REITs, considering risk tolerance, and including REIT preferreds or bonds for a balanced portfolio. Sun Communities shows strong growth in manufactured housing and marinas, with potential for substantial dividend boosts and 20-25% annual returns. Crown Castle offers a compelling 5G investment opportunity with a 5.6% dividend yield, despite a high payout ratio and short-term AFFO challenges.

If I Had To Retire Today With 10 REITs - Part 1

3 'Strong Buy' REITs With A Wide Margin Of Safety

The "Margin of Safety" concept is crucial for investors, providing a buffer in price to increase chances of profits. REITs like Cousins Properties and Kite Realty Group offer strong investment opportunities in the office and shopping center sectors. The "Margin of Safety" concept is not foolproof, yet I consider it one of the most important methods for helping investors separate the wheat from the chaff.

3 'Strong Buy' REITs With A Wide Margin Of Safety

2 REITs For The Affordability Crisis

Average home prices in the United States have surged by 77% in roughly eight years, with the average home now selling for over $360 thousand. The affordability of homes is at its worst since the mid-1990s, with mortgage rates now around 6.5%, making it difficult for people to purchase homes. In this article, I will highlight two REITs that should benefit from the affordability crisis.

2 REITs For The Affordability Crisis

REIT Fantasy Football: 11 Companies To Start Your Team

Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. With one company from each of the 19 equity REIT sectors, I offer a starting lineup of 11 companies, 6 reserves, and 2 water boys, for a solid REIT portfolio.

REIT Fantasy Football: 11 Companies To Start Your Team

Sun Communities, Inc. (SUI) Q2 2024 Earnings Call Transcript

Sun Communities, Inc. (NYSE:SUI ) Q2 2024 Earnings Conference Call August 1, 2024 2:00 PM ET Company Participants Gary Shiffman - Chairman, President and CEO Fernando Castro-Caratini - Chief Financial Officer Aaron Weiss - Executive Vice President, Corporate Strategy and Business Development Conference Call Participants Michael Goldsmith - UBS Brad Heffern - RBC Capital Markets Samir Khanal - Evercore ISI John Pawlowski - Green Street Josh Dennerlein - Bank of America Eric Wolfe - Citi John Kim - BMO Capital Markets Keegan Carl - Wolfe Research Jamie Feldman - Wells Fargo Omotayo Okusanya - Deutsche Bank Mason Guell - Baird Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Sun Communities Second Quarter 2024 Earnings Conference Call.

Sun Communities, Inc. (SUI) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Sun Communities (SUI) Q2 FFO and Revenues Miss Estimates

Sun Communities (SUI) came out with quarterly funds from operations (FFO) of $1.86 per share, missing the Zacks Consensus Estimate of $1.87 per share. This compares to FFO of $1.96 per share a year ago.

Sun Communities (SUI) Q2 FFO and Revenues Miss Estimates

Take Shelter With 3 Essential Rental REITs

American dream of owning a home is dead for many due to high prices and mortgage rates. Some areas experiencing a decrease in home prices, providing hope for buyers. REITs like Sun Communities, Camden Property Trust, and American Homes 4 Rent offer alternative housing options and investment opportunities.

Take Shelter With 3 Essential Rental REITs

3 REITs to Buy Now

Real estate investment trusts (REITs) can be a great way for investors to earn a steady income. It's important to diversify your portfolio.

3 REITs to Buy Now

Fun In The Sun (Communities)

Valuation for Sun Communities, Inc. is now more attractive than before, with potential for 15%+ annualized upside, even at close to 20x P/FFO. Sun Communities is a residential REIT with exposure to underappreciated areas like manufactured housing, RV communities, and marinas. The company has not outperformed significantly since the last update, making it more attractive in terms of valuation.

Fun In The Sun (Communities)

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