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Sun Communities (SUI) Stock Forecast, Price & News

$131.25
+0.08 (+0.06%)
(As of 06/8/2023 ET)
Compare
Today's Range
$129.93
$131.75
50-Day Range
$126.63
$141.80
52-Week Range
$117.63
$172.67
Volume
719,205 shs
Average Volume
576,282 shs
Market Capitalization
$16.33 billion
P/E Ratio
75.87
Dividend Yield
2.83%
Price Target
$163.00

Sun Communities MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
24.2% Upside
$163.00 Price Target
Short Interest
Healthy
1.37% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.96
Upright™ Environmental Score
News Sentiment
0.82mentions of Sun Communities in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$50,472 Bought Last Quarter
Proj. Earnings Growth
6.85%
From $7.30 to $7.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Finance Sector

289th out of 858 stocks

Real Estate Investment Trusts Industry

41st out of 190 stocks


SUI stock logo

About Sun Communities (NYSE:SUI) Stock

Sun Communities, Inc. provides real estate management services. The firm operates through the following segments: Manufactured Home Communities, Recreational Vehicle, and Marina. The Manufactured Home Communities segment owns, operates, and develops manufactured housing communities and is in the business of acquiring, operating, and developing ground up communities to provide housing solutions. The Recreational Vehicle segment focuses on the development of recreational vehicle resorts and is in the business of acquiring, operating and developing ground up resorts throughout the U.S. and in Ontario, Canada. The Marina segment operates marinas and is in the business of acquiring and operating marinas throughout the U.S. The company was founded in 1975 and is headquartered in Southfield, MI.

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SUI Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
Sun Communities (NYSE:SUI) Price Target Raised to $168.00
Sun Communities, Inc. Releases 2022 ESG Report
Q1 2023 Sun Communities Inc Earnings Call
Sun Communities (NYSE:SUI) Upgraded by StockNews.com to Sell
BMO Capital Keeps Their Buy Rating on Sun Communities (SUI)
Sun Communities (SUI) Gets a Buy from JMP Securities
Sun Communities, Inc. (SCZ.F)
Sun Communities (SUI) Scheduled to Post Earnings on Wednesday
RBC Capital Sticks to Their Buy Rating for Sun Communities (SUI)
See More Headlines

SUI Price History

SUI Company Calendar

Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Last Earnings
4/24/2023
Today
6/08/2023
Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Next Earnings (Confirmed)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
86667410
Employees
7,594
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$163.00
High Stock Price Forecast
$185.00
Low Stock Price Forecast
$151.00
Forecasted Upside/Downside
+24.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$253 million
Pretax Margin
9.16%

Debt

Sales & Book Value

Annual Sales
$2.97 billion
Cash Flow
$6.54 per share
Book Value
$65.31 per share

Miscellaneous

Free Float
121,845,000
Market Cap
$16.25 billion
Optionable
Optionable
Beta
0.71

Social Links


Key Executives

  • Gary A. ShiffmanGary A. Shiffman
    Chairman, President & Chief Executive Officer
  • Bruce D. ThelenBruce D. Thelen
    Chief Operating Officer
  • Fernando Castro-Caratini
    CFO, Secretary, Treasurer & Executive VP
  • John Bandini McLaren
    Executive Vice President
  • Marc Farrugia
    Chief Administrative Officer & Executive VP













SUI Stock - Frequently Asked Questions

Should I buy or sell Sun Communities stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SUI shares.
View SUI analyst ratings
or view top-rated stocks.

What is Sun Communities' stock price forecast for 2023?

9 Wall Street research analysts have issued 12-month price targets for Sun Communities' shares. Their SUI share price forecasts range from $151.00 to $185.00. On average, they predict the company's share price to reach $163.00 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price.
View analysts price targets for SUI
or view top-rated stocks among Wall Street analysts.

How have SUI shares performed in 2023?

Sun Communities' stock was trading at $143.00 at the beginning of the year. Since then, SUI shares have decreased by 8.7% and is now trading at $130.62.
View the best growth stocks for 2023 here
.

Are investors shorting Sun Communities?

Sun Communities saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,700,000 shares, a drop of 18.3% from the April 15th total of 2,080,000 shares. Based on an average trading volume of 601,600 shares, the short-interest ratio is currently 2.8 days.
View Sun Communities' Short Interest
.

When is Sun Communities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SUI earnings forecast
.

How can I listen to Sun Communities' earnings call?

Sun Communities will be holding an earnings conference call on Thursday, July 27th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13739127".

How were Sun Communities' earnings last quarter?

Sun Communities, Inc. (NYSE:SUI) announced its quarterly earnings results on Monday, April, 24th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by $1.42. The real estate investment trust had revenue of $651.20 million for the quarter, compared to analyst estimates of $610.32 million. Sun Communities had a net margin of 6.87% and a trailing twelve-month return on equity of 2.63%. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share.

How often does Sun Communities pay dividends? What is the dividend yield for Sun Communities?

Sun Communities announced a quarterly dividend on Tuesday, June 6th. Stockholders of record on Friday, June 30th will be given a dividend of $0.93 per share on Monday, July 17th. This represents a $3.72 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for SUI
.

Is Sun Communities a good dividend stock?

Sun Communities (NYSE:SUI) pays an annual dividend of $3.72 per share and currently has a dividend yield of 2.81%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 215.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SUI will have a dividend payout ratio of 47.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SUI.

What guidance has Sun Communities issued on next quarter's earnings?

Sun Communities updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.90-$1.98 for the period, compared to the consensus EPS estimate of $2.02. The company issued revenue guidance of -.

What is Gary A. Shiffman's approval rating as Sun Communities' CEO?

140 employees have rated Sun Communities Chief Executive Officer Gary A. Shiffman on Glassdoor.com. Gary A. Shiffman has an approval rating of 91% among the company's employees. This puts Gary A. Shiffman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Sun Communities own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sun Communities investors own include Alibaba Group (BABA), NVIDIA (NVDA), Fortinet (FTNT), NextEra Energy (NEE), American Tower (AMT), Chipotle Mexican Grill (CMG), Intel (INTC), Xilinx (XLNX), Arch Capital Group (ACGL) and Walt Disney (DIS).

What is Sun Communities' stock symbol?

Sun Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUI."

Who are Sun Communities' major shareholders?

Sun Communities' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.79%), JPMorgan Chase & Co. (5.08%), State Street Corp (4.73%), Principal Financial Group Inc. (3.61%), FMR LLC (1.77%) and Wellington Management Group LLP (1.74%). Insiders that own company stock include Baxter Underwood, Bruce Thelen, Clunet R Lewis, Gary A Shiffman, Gary A Shiffman, John Bandini Mclaren, Karen Dearing and Stephanie W Bergeron.
View institutional ownership trends
.

How do I buy shares of Sun Communities?

Shares of SUI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sun Communities' stock price today?

One share of SUI stock can currently be purchased for approximately $130.62.

How much money does Sun Communities make?

Sun Communities (NYSE:SUI) has a market capitalization of $16.25 billion and generates $2.97 billion in revenue each year. The real estate investment trust earns $253 million in net income (profit) each year or $1.73 on an earnings per share basis.

How many employees does Sun Communities have?

The company employs 7,594 workers across the globe.

How can I contact Sun Communities?

Sun Communities' mailing address is 27777 FRANKLIN ROAD SUITE 200, SOUTHFIELD MI, 48034. The official website for the company is www.suncommunities.com. The real estate investment trust can be reached via phone at (248) 208-2500, via email at investorrelations@suncommunities.com, or via fax at 248-932-3072.

This page (NYSE:SUI) was last updated on 6/8/2023 by MarketBeat.com Staff

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