Sun Communities (SUI) PT Raised to $142 at Truist Securities

Truist Securities analyst Anthony Hau raised the price target on Sun Communities (NYSE: SUI) to $142.00 (from $136.00) while maintaining a Buy rating.

The analyst commented: "Following the $5.65bn Safe Harbor disposition and 4Q24 results, we are lowering our 2025 NFFO estimate to $6.72ps from $7.04ps. We are also lowering our 2026 NFFO to $6.93ps from $7.44ps. Our FFO estimates imply a decrease of -1.1% YOY in 2025, an increase of 3.2% YOY in 2026, and an average increase of 3.8% through 2029.

We are increasing our 12-month price target to $142 from $136, which is based on a $160.06 discounted cash flow estimate (one-third weighting), our projected NAV a year from now (one-third) and 20x 2026E FFOps (one-third). Our price target implies a 14.4% total return, including 6.2% projected dividend yield (that includes the special dividend)."

You May Also Be Interested In

• Golar LNG Ltd. (GLNG) PT Raised to $70 at BTIG
• Resideo Technologies (REZI) PT Lowered to $27 at Oppenheimer
• Cellebrite (CLBT) PT Lowered to $15 at TD Cowen