Sun Communities downgraded by Robert W. Baird with a new price target
$SUI
Real Estate Investment Trusts
Real Estate
Robert W. Baird downgraded Sun Communities from Outperform to Neutral and set a new price target of $126.00 from $145.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/13/2025 | $130.00 | Neutral | Colliers Securities |
| 5/29/2025 | $141.00 | Overweight | Barclays |
| 4/8/2025 | $150.00 | Buy | Jefferies |
| 1/17/2025 | Hold → Buy | Truist | |
| 11/14/2024 | $155.00 → $134.00 | Buy → Neutral | UBS |
| 11/12/2024 | $114.00 | Neutral → Underperform | BofA Securities |
| 11/7/2024 | $145.00 → $126.00 | Outperform → Neutral | Robert W. Baird |
| 10/17/2024 | $160.00 | Buy | Jefferies |
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
3 - SUN COMMUNITIES INC (0000912593) (Issuer)
Southfield, MI, June 04, 2025 (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 (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $1.04 per share of common stock for the second quarter of 2025. The distribution is payable on July 15, 2025 to shareholders of record on June 30, 2025. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of March 31, 2025, owned, operated, or had an interest in a portfolio of 502 developed properties compris
Net Loss per Diluted Share of $0.34 for the Quarter Core FFO per Share of $1.26 for the Quarter North America Same Property NOI for MH and RV Increased by 4.6% for the Quarter on a Year-over-Year Basis North America Same Property Adjusted Blended Occupancy for MH and RV of 99.0% Represents a 150 Basis Point Year-over-Year Increase Establishing Post-Safe Harbor Sale Guidance for 2025 Expecting Core FFO per Share of $6.43 to $6.63 Expecting North American Same Property NOI Growth of 3.5% - 5.2% Expecting UK Same Property NOI Growth of 0.9% - 2.9% Completed Initial Closing of Safe Harbor Marinas Sale in April for Net Pre-tax Cash Proceeds of $5.25 Billion Announced
Blackstone (NYSE:BX) announced today that funds managed by Blackstone Infrastructure ("Blackstone") have completed their acquisition of Safe Harbor Marinas ("Safe Harbor"), the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc. (NYSE:SUI) for $5.65 billion. Heidi Boyd, a Senior Managing Director in Blackstone's infrastructure business, said, "We're pleased to close this transaction and look forward to working with Safe Harbor's terrific team to further develop their existing marinas and strategically scale their platform." "Blackstone offers a world of opportunity to Safe Harbor, and we couldn't be more excited for the journey ahead," said Ba