RBC Capital analyst Brad Heffern lowered the firm’s price target on Sun Communities (SUI) to $147 from $154 and keeps an Outperform rating on the shares. The company’s Q1 FFO beat and the recent completion of the bulk of the Safe Harbor sale is moving the stock back to fundamentals after a long period of being in special situations territory, the analyst tells investors in a research note. RBC adds however that while it is raising its 2026 FFO view to $6.60 from $5.65, this is moderated somewhat by continued transient RV weakness.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUI:
- Sun Communities Reports Q1 2025 Results and Strategic Moves
- Sun Communities’ Earnings Call: Achievements and Challenges
- Sun Communities Sells Safe Harbor Marinas to Blackstone
- Sun Communities: Strategic Financial Maneuvers and Growth Potential Justify Buy Rating
- Sun Communities reports Q1 core FFO $1.26, consensus $1.18
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue