Truist Securities Reiterates Buy Rating on Sun Communities, Inc.
Truist Securities maintains its buy rating for Sun Communities, Inc. with a $138 price target, a 15.71% upside from the current price.
Key Points
- Truist Securities reaffirmed its buy rating for Sun Communities, Inc. (SUI) with a price target of $138 on June 26, 2026.
- Truist Securities's $138 price target implies 15.71% upside from Sun Communities, Inc.'s ($SUI) current $119.26 share price.
- Shares of NYSE:SUI traded near $119.48 on Friday, with a market cap of approximately $14.61 billion and a forward P/E of 42.51.
- Insider transactions at Sun Communities included CEO Charles Young buying 14,334 shares on March 27, 2026.
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Truist Securities has reiterated its buy rating on Sun Communities, Inc. (NYSE:SUI) with a price target of $138. This update came on June 26, 2026, as shares traded at approximately $119.48 on Friday.
Truist Securities vs. the S&P 500
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Sun Communities, Inc. Stock Down 3.0%
Shares of Sun Communities, Inc. traded near $119.48 on Friday. The company, a major player in the residential real estate investment trust sector, boasts a market cap of about $14.61 billion. It has a forward P/E ratio of 42.51 and a beta of 0.793, indicating moderate volatility compared to the broader market. The stock's 52-week range is between $115.53 and $137.85, with a 50-day moving average of $124.70 and a 200-day moving average of $126.74. The company's financial health is supported by a current ratio of 2.494 and a quick ratio of 2.056, although it carries a debt-to-equity ratio of 62.535.
$SUI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For the quarter ended March 31, 2026, Sun Communities reported revenue of approximately $2.34 billion, marking a growth rate of 8.6%. Despite the growth in revenue, the company recorded a negative EPS of -0.49. However, it maintained a healthy net margin of 59.65% and a return on equity of 0.25%. The next earnings report is expected on April 27, 2026.
Dividend
Sun Communities offers an annual dividend rate of $4.32 per share, yielding 3.64%. The dividend payout ratio stands at 4.53%.
Insider Buying and Selling at Sun Communities, Inc.
Recent insider activity at Sun Communities included CEO Charles Young purchasing 14,334 shares at $125.57 each on March 27, 2026. Around the same time, President and COO John Bandini McLaren also bought 2,389 shares at the same price. Conversely, CFO Fernando Castro-Caratini sold 23,750 shares on May 26, 2026, at an average price of $124.43.
Analysts Set New Price Targets
On June 26, 2026, Truist Securities maintained its buy rating for Sun Communities with a $138 price target. Other analysts have also shown confidence, with RBC Capital setting a $149 target on June 5, 2026, and Wells Fargo maintaining a $142 target on May 29, 2026. The consensus among 18 analysts is a buy recommendation, with an average target price of $141.83.
About Sun Communities, Inc.
Sun Communities, Inc. is a real estate investment trust (REIT) specializing in manufactured housing and recreational vehicle communities. Founded in 1975 and headquartered in Southfield, Michigan, the company owns and operates 515 properties across the U.S., Canada, and the U.K. With a workforce of over 3,600 employees, Sun Communities manages approximately 179,300 developed sites, providing quality living spaces and amenities.
Bottom Line
Sun Communities, Inc. remains a focal point for investors interested in the residential REIT sector. Truist Securities' reaffirmation of a buy rating with a $138 target reflects ongoing confidence in the company's prospects. As always, it's important to remember that these ratings and targets are based on past data and may not reflect the current market dynamics.
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