Sun Communities - SUI Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SUI shares.
View SUI analyst ratings or view top-rated stocks.

9 Wall Street analysts have issued 12-month target prices for Sun Communities' shares. Their SUI share price forecasts range from $147.00 to $224.00. On average, they predict the company's share price to reach $173.75 in the next year. This suggests a possible upside of 19.0% from the stock's current price.
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Sun Communities' stock was trading at $209.97 on January 1st, 2022. Since then, SUI shares have decreased by 30.5% and is now trading at $145.97.
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Sun Communities saw a increase in short interest in October. As of October 15th, there was short interest totaling 2,010,000 shares, an increase of 21.8% from the September 30th total of 1,650,000 shares. Based on an average trading volume of 768,000 shares, the days-to-cover ratio is currently 2.6 days.
View Sun Communities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 20th 2023.
View our SUI earnings forecast.

Sun Communities, Inc. (NYSE:SUI) posted its earnings results on Monday, October, 24th. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.05. Sun Communities had a net margin of 8.81% and a trailing twelve-month return on equity of 3.34%. During the same quarter in the prior year, the business posted $2.11 EPS.

Sun Communities declared a quarterly dividend on Thursday, September 1st. Investors of record on Friday, September 30th will be given a dividend of $0.88 per share on Friday, October 14th. This represents a $3.52 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, September 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 2.43%. 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 171.71%. 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 47.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SUI.

Sun Communities issued an update on its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided EPS guidance of $1.23-$1.29 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.05%), BlackRock Inc. (8.50%), Cohen & Steers Inc. (7.20%), State Street Corp (4.61%), Centersquare Investment Management LLC (1.87%) and Massachusetts Financial Services Co. MA (1.67%). Insiders that own company stock include 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 $145.97.

Sun Communities (NYSE:SUI) has a market capitalization of $18.08 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 $2.05 on an earnings per share basis.

The company employs 5,961 workers across the globe.

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.