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Sun Communities - SUI Stock Forecast, Price & News

$171.69
+3.68 (+2.19%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$168.95
$171.78
50-Day Range
$150.91
$169.08
52-Week Range
$148.64
$211.79
Volume
594,532 shs
Average Volume
628,647 shs
Market Capitalization
$21.17 billion
P/E Ratio
62.89
Dividend Yield
2.10%
Price Target
$203.75

Sun Communities MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
18.7% Upside
$203.75 Price Target
Short Interest
Healthy
1.75% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.93
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$1.81 M Sold Last Quarter
Proj. Earnings Growth
6.63%
From $7.24 to $7.72 Per Share

Overall MarketRank

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

2.16 out of 5 stars

Finance Sector

648th out of 918 stocks

Real Estate Investment Trusts Industry

129th out of 195 stocks

SUI stock logo

About Sun Communities (NYSE:SUI) Stock

Sun Communities, Inc. is a REIT that, as of March 31, 2022, owned, operated, or had an interest in a portfolio of 603 developed MH, RV and marina properties comprising nearly 159,300 developed sites and over 45,700 wet slips and dry storage spaces in 39 states, Canada, Puerto Rico and the UK.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SUI. Wolfe Research began coverage on Sun Communities in a research note on Friday, July 15th. They set a "peer perform" rating for the company. Truist Financial began coverage on Sun Communities in a research note on Tuesday, May 10th. They set a "buy" rating and a $185.00 target price for the company. StockNews.com cut Sun Communities from a "hold" rating to a "sell" rating in a research note on Thursday, May 5th. Barclays lowered their price objective on Sun Communities from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Friday, July 1st. Finally, JMP Securities lowered their price objective on Sun Communities from $220.00 to $200.00 and set a "market outperform" rating for the company in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $203.75.

Sun Communities Stock Performance

Shares of Sun Communities stock traded up $1.99 on Friday, hitting $170.00. The stock had a trading volume of 15,895 shares, compared to its average volume of 650,876. Sun Communities has a 52-week low of $148.64 and a 52-week high of $211.79. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.89. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 61.54, a P/E/G ratio of 2.76 and a beta of 0.60. The company's 50 day moving average price is $160.18 and its 200 day moving average price is $171.62.

Sun Communities (NYSE:SUI - Get Rating) last posted 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 return on equity of 4.42%. During the same period in the previous year, the company earned $1.80 EPS. On average, research analysts anticipate that Sun Communities will post 7.24 EPS for the current year.

Sun Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.07%. The ex-dividend date was Wednesday, June 29th. Sun Communities's dividend payout ratio is presently 128.94%.

Insider Buying and Selling at Sun Communities

In other Sun Communities news, EVP Bruce Thelen sold 6,892 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $165.40, for a total transaction of $1,139,936.80. Following the completion of the sale, the executive vice president now directly owns 25,120 shares of the company's stock, valued at approximately $4,154,848. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sun Communities news, EVP Bruce Thelen sold 6,892 shares of the business's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $165.40, for a total transaction of $1,139,936.80. Following the transaction, the executive vice president now owns 25,120 shares in the company, valued at approximately $4,154,848. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clunet R. Lewis sold 4,400 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $153.39, for a total value of $674,916.00. Following the transaction, the director now owns 26,400 shares in the company, valued at approximately $4,049,496. The disclosure for this sale can be found here. 2.25% of the stock is owned by company insiders.

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SUI Stock News Headlines

Sun Communities, Inc. (NYSE:SUI) Short Interest Update
Potential 500% Return From A Unique $1 Asset?
Millions are rushing towards life at “Ground Zero”.  A frightening new financial reality that has the potential to erase the wealth of millions. It’s largely avoidable if you know what to look for. It all hinges on a single $1 asset that skyrockets during strange times like these.  Discover it now pixel
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Sun Communities (NYSE:SUI) Trading Down 3%
Where Sun Communities Stands With Analysts
Sun Communities declares $0.88 dividend
See More Headlines
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SUI Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/25/2022
Today
8/12/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
86667410
Employees
5,961
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$203.75
High Stock Price Forecast
$227.00
Low Stock Price Forecast
$185.00
Forecasted Upside/Downside
+18.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$392.25 million
Pretax Margin
15.76%

Debt

Sales & Book Value

Annual Sales
$2.27 billion
Cash Flow
$7.78 per share
Book Value
$63.50 per share

Miscellaneous

Free Float
120,549,000
Market Cap
$21.17 billion
Optionable
Optionable
Beta
0.60

Social Links















SUI Stock - Frequently Asked Questions

Should I buy or sell Sun Communities stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last twelve months. 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.

What is Sun Communities' stock price forecast for 2022?

7 equities research analysts have issued 12 month target prices for Sun Communities' shares. Their SUI share price forecasts range from $185.00 to $227.00. On average, they anticipate the company's stock price to reach $203.75 in the next twelve months. This suggests a possible upside of 18.7% 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 2022?

Sun Communities' stock was trading at $209.97 at the beginning of 2022. Since then, SUI shares have decreased by 18.2% and is now trading at $171.69.
View the best growth stocks for 2022 here
.

Are investors shorting Sun Communities?

Sun Communities saw a decrease in short interest in 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 trading volume of 595,700 shares, the days-to-cover ratio is currently 3.8 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 Monday, October 24th 2022.
View our SUI earnings forecast
.

How were Sun Communities' earnings last quarter?

Sun Communities, Inc. (NYSE:SUI) issued its quarterly earnings results 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 posted $1.80 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 Wednesday, June 1st. Investors 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 dividend yield of 2.05%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for SUI
.

Is Sun Communities a good dividend stock?

Sun Communities (NYSE:SUI) pays an annual dividend of $3.52 per share and currently has a dividend yield of 2.08%. 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 45.60% 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 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 -.

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 many different institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (4.42%), Principal Financial Group Inc. (3.82%), FMR LLC (1.66%), Aew Capital Management L P (0.69%), Congress Asset Management Co. MA (0.53%) and Sumitomo Mitsui Trust Holdings Inc. (0.44%). 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.
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 $171.69.

How much money does Sun Communities make?

Sun Communities (NYSE:SUI) has a market capitalization of $21.17 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.

How many employees does Sun Communities have?

The company employs 5,961 workers across the globe.

When was Sun Communities founded?

Sun Communities was founded in 1993.

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 8/12/2022 by MarketBeat.com Staff

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