RBC Capital lowered the firm’s price target on Sun Communities (SUI) to $143 from $147 and keeps an Outperform rating on the shares after its Q2 results. The firm notes that it continues to see the potential for the REIT to re-rate higher with a new CEO, improved operations, a simplified model and a dramatically improved balance sheet, the analyst tells investors in a research note.
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Read More on SUI:
- Sun Communities Reports Strong Q2 2025 Earnings
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- Sun Communities raises FY25 FFO view to $6.51-$6.67 from $6.43-$6.63
- Sun Communities reports Q2 core FFO $1.76, consensus $1.67
- Sun Communities sees Q3 core FFO $2.13-$2.23, consensus $2.09