Sun Communities

SUI · NYSE

$119.43+$4.31 (+3.75%)TodayMarket closed · Oct 21, 5:46 AM ET

Prev close $115.12

SUI analyst rating

BuyConsensus of 12 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy8
Hold4
Underperform0
Sell0

12-month price target · 19 analysts

Average $141.38 (+18.4% upside)

Low: $127.26
Now: $119.43
High: $162.75

Upgrades and downgrades

The latest rating actions, newest first

SUI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 19, 2026	Maintains	Overweight	$141.00 → $136.00	48%
Barclays	Oct 14, 2026	Maintains	Overweight	$147.00 → $143.00	38%
RBC Capital	Oct 13, 2026	Maintains	Outperform	$148.00 → $140.00	38%
UBS	Oct 6, 2026	Maintains	Neutral	$133.00 → $117.00	45%
Evercore ISI Group	Sep 21, 2026	Maintains	Outperform	$138.00 → $136.00	45%
Mizuho	Sep 21, 2026	Maintains	Outperform	$137.00 → $136.00	44%
Evercore ISI Group	Sep 14, 2026	Maintains	Outperform	$139.00 → $138.00	45%
Truist Securities	Sep 11, 2026	Maintains	Buy	$138.00 → $136.00	55%
B of A Securities	Aug 27, 2026	Upgrade	Underperform → Neutral	$140.00	38%
Barclays	Aug 17, 2026	Maintains	Overweight	$146.00 → $147.00	38%

The case for and against

Updated Oct 18, 2026

Bull case

Sun Communities is well positioned by its concentrated ownership of 455 properties, including 295 manufactured housing communities and 160 RV communities, with nearly half of the portfolio in Florida or Michigan near major bodies of water that support durable second-home and vacation demand. The company benefits from manufactured housing’s long record of annual rent increases with no annual declines, and its RV business appears to share similar pricing resilience, while 1Q26 results showed a strong FFO beat and RV NOI growth of 6.3%. A narrower business focus, lower leverage after asset sales, and a more stable operating mix should improve investor confidence and support further core FFO growth, which management raised to $6.87-$7.07 per share for 2026.

Bear case

Sun Communities is viewed negatively because the $1.0B UK sale removes roughly $140mm in NOI and $90mm in FFO, while the lower-than-expected sale price and slightly weaker FFO generation reduce 2027 core FFO/sh by 5% and 2026 core FFO/sh by 1%. The planned use of $300mm for acquisitions at a 4.5% cap rate and $700mm for repurchases only partially offsets the impact, leaving roughly 5% dilution to 2027 core FFO/sh and highlighting limited earnings accretion. The stock also faces a difficult operating backdrop, as management has provided inconsistent guidance, the business is highly complex and seasonal, and residential REIT demand remains exposed to employment, wage growth, household formation, and housing affordability trends.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.