Sun Communities - SUI Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SUI shares.
View SUI analyst ratings or view top-rated stocks.

7 equities research analysts have issued 12-month target prices for Sun Communities' stock. Their SUI share price forecasts range from $185.00 to $227.00. On average, they anticipate the company's stock price to reach $204.75 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
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Sun Communities' stock was trading at $209.97 at the beginning of the year. Since then, SUI shares have decreased by 19.4% and is now trading at $169.22.
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Sun Communities saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,260,000 shares, a decrease of 36.3% from the June 30th total of 3,550,000 shares. Based on an average daily trading volume, of 595,700 shares, the short-interest ratio is presently 3.8 days.
View Sun Communities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our SUI earnings forecast.

Sun Communities, Inc. (NYSE:SUI) issued its quarterly earnings data on Monday, July, 25th. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.80 by $0.19. Sun Communities had a net margin of 12.33% and a trailing twelve-month return on equity of 4.42%. During the same period last year, the company earned $1.80 EPS.

Sun Communities declared a quarterly dividend on Wednesday, June 1st. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.88 per share on Friday, July 15th. This represents a $3.52 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for SUI.

Sun Communities (NYSE:SUI) pays an annual dividend of $3.52 per share and currently has a dividend yield of 2.05%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 128.94%. 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 45.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SUI.

Sun Communities updated its third quarter 2022 earnings guidance on Monday, August, 1st. The company provided earnings per share (EPS) guidance of $2.52-$2.57 for the period. The company issued revenue guidance of -.

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.

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).

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

Sun Communities' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.62%), JPMorgan Chase & Co. (4.42%), Principal Financial Group Inc. (3.82%), Massachusetts Financial Services Co. MA (1.69%), FMR LLC (1.66%) and Echo Street Capital Management LLC (1.03%). Insiders that own company stock include Arthur A Weiss, Brian M Hermelin, Bruce Thelen, Clunet R Lewis, Gary A Shiffman, Gary A Shiffman, John Bandini Mclaren, Karen Dearing and Stephanie W Bergeron.
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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.
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One share of SUI stock can currently be purchased for approximately $169.22.

Sun Communities (NYSE:SUI) has a market capitalization of $20.87 billion and generates $2.27 billion in revenue each year. The real estate investment trust earns $392.25 million in net income (profit) each year or $2.73 on an earnings per share basis.

The company employs 5,961 workers across the globe.

Sun Communities was founded in 1993.

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.