<div id="readability-page-1"><p><strong>Sun Communities, Inc.</strong> (NYSE:SUI - Get Free Report) announced a quarterly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 31st will be given a dividend of 1.04 per share by the real estate investment trust on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 31st.</p><div><p><span></span><span>Get <strong>Sun Communities</strong> alerts:</span></p></div><ul><li>REITs on the Rise After Rate Cuts: Where to Invest Now</li></ul><p>Sun Communities has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Sun Communities has a dividend payout ratio of 157.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Sun Communities to earn $7.02 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 59.3%. </p><h2>Sun Communities Stock Up 0.2%</h2><p>Shares of SUI stock traded up $0.30 during mid-day trading on Wednesday, hitting $123.34. The company's stock had a trading volume of 19,592 shares, compared to its average volume of 836,147. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 4.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 6.01 and a current ratio of 6.01. Sun Communities has a 52-week low of $109.22 and a 52-week high of $137.77. The business has a 50-day moving average price of $125.71 and a 200 day moving average price of $125.90. </p><ul><li>Manufactured Housing Stocks to Buy</li></ul><p>Sun Communities (NYSE:SUI - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping the consensus estimate of $2.18 by $0.10. The company had revenue of $697.20 million during the quarter, compared to the consensus estimate of $713.32 million. Sun Communities had a negative return on equity of 4.53% and a net margin of 42.58%.Sun Communities's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.34 EPS. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS.  Research analysts predict that  Sun Communities will post 6.77 EPS for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of research analysts recently weighed in on SUI shares. Morgan Stanley lowered their price objective on shares of Sun Communities from $139.00 to $135.00 and set an &#34;equal weight&#34; rating on the stock in a research report on Tuesday, November 25th. Wells Fargo &amp; Company boosted their target price on shares of Sun Communities from $132.00 to $133.00 and gave the company an &#34;equal weight&#34; rating in a research note on Monday, November 10th. Royal Bank Of Canada raised their price target on Sun Communities from $142.00 to $143.00 and gave the stock an &#34;outperform&#34; rating in a research note on Thursday, November 6th. Barclays lifted their price objective on Sun Communities from $141.00 to $143.00 and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, November 25th. Finally, Evercore ISI increased their target price on Sun Communities from $136.00 to $138.00 and gave the company an &#34;in-line&#34; rating in a report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, seven have assigned  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of &#34;Hold&#34; and an average price target of $137.42.</p><p><b>Check Out Our Latest Report on Sun Communities</b></p><h2>Sun Communities Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Sun Communities</li><li>How to Use Stock Screeners to Find Stocks</li><li>Why AutoZone’s Stock Drop Could Be a Golden Buying Opportunity</li><li>What is a Secondary Public Offering? What Investors Need to Know</li><li>Ollie’s Bargain Outlet Hits Rock-Bottom in Q4: Buy the Dip?</li><li>A Deeper Look at Bid-Ask Spreads</li><li>Insiders Are Selling These 3 Stocks—Here’s Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNVSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNVSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sun Communities Right Now?</h2><p>Before you consider Sun Communities, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Communities wasn't on the list.</p><p>While Sun Communities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Sun Communities, Inc. (NYSE:SUI) announced a quarterly dividend of $1.04 per share, payable on February 2nd to shareholders of record on December 31st. The dividend yield is 3.4%. The company has increased its dividend annually for the last 8 years but currently relies on its balance sheet to cover dividends. Analysts expect earnings of $7.02 per share next year, allowing for continued dividend coverage. The stock has a market cap of $15.25 billion and a P/E ratio of 15.44.</p>

Sun Communities, Inc. (NYSE:SUI) Plans Quarterly Dividend of $1.04