About Sun Communities (NYSE:SUI)
Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV). As of December 31, 2016, it owned and operated or had an interest in a portfolio of properties located throughout the United States and Ontario, Canada, including 226 MH communities, 87 RV communities, and 28 properties containing both MH and RV sites. The Company operates through two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns, operates, or has an interest in a portfolio, and develops MH communities and RV communities throughout the United States and is in the business of acquiring, operating, and expanding MH and RV communities.
Industry, Sector and Symbol:
- Industry: Residential REITs
- Sub-Industry: Residential REITs
- Sector: Financials
- Symbol: NYSE:SUI
- CUSIP: 86667410
- Web: www.suncommunities.com
- Debt-to-Equity Ratio: 1.07%
Sales & Book Value:
- Trailing P/E Ratio: 22.7
- Forward P/E Ratio: 22.40
- P/E Growth: 3.55
- Annual Sales: $833.78 million
- Price / Sales: 8.87
- Cash Flow: $3.23 per share
- Price / Cash: 28.84
- Book Value: $34.83 per share
- Price / Book: 2.67
- Annual Dividend: $2.68
- Dividend Yield: 2.9%
- Trailing EPS: $0.74
- Net Income: $31.32 million
- Net Margins: 7.37%
- Return on Equity: 2.76%
- Return on Assets: 1.17%
- Employees: 2,679
- Outstanding Shares: 79,340,000
Frequently Asked Questions for Sun Communities (NYSE:SUI)
What is Sun Communities' stock symbol?
Sun Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUI."
How often does Sun Communities pay dividends? What is the dividend yield for Sun Communities?
Sun Communities announced a quarterly dividend on Friday, September 8th. Stockholders of record on Friday, September 29th will be given a dividend of $0.67 per share on Monday, October 16th. This represents a $2.68 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 28th. View Sun Communities' Dividend History.
How were Sun Communities' earnings last quarter?
Sun Communities, Inc. (NYSE:SUI) released its earnings results on Monday, October, 23rd. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.34 by $0.79. The real estate investment trust had revenue of $268.20 million for the quarter, compared to the consensus estimate of $239.45 million. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. During the same period last year, the company posted $1.13 earnings per share. View Sun Communities' Earnings History.
What guidance has Sun Communities issued on next quarter's earnings?
Sun Communities updated its fourth quarter earnings guidance on Monday, October, 23rd. The company provided earnings per share guidance of $0.96-0.99 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97.
Where is Sun Communities' stock going? Where will Sun Communities' stock price be in 2017?
6 brokerages have issued 1-year price targets for Sun Communities' shares. Their predictions range from $86.00 to $96.00. On average, they expect Sun Communities' stock price to reach $92.00 in the next year. View Analyst Ratings for Sun Communities.
Who are some of Sun Communities' key competitors?
Some companies that are related to Sun Communities include Mid-America Apartment Communities (MAA), United Dominion Realty Trust (UDR), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Apartment Investment and Management Company (AIV), American Homes 4 Rent (AMH), American Campus Communities (ACC), Colony Starwood Homes (SFR), Home Properties (HME), Post Properties (PPS), Two Harbors Investments Corp (TWO), Education Realty Trust (EDR), Monogram Residential Trust (MORE), The Unite Group plc (UTG), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), Independence Realty Trust (IRT) and Preferred Apartment Communities (APTS).
Who are Sun Communities' key executives?
Sun Communities' management team includes the folowing people:
- Gary A. Shiffman, Chairman of the Board, Chief Executive Officer (Age 62)
- John Bandini McLaren, President, Chief Operating Officer (Age 46)
- Karen J. Dearing, Chief Financial Officer, Executive Vice President, Treasurer, Secretary (Age 52)
- Jonathan M. Colman, Executive Vice President (Age 61)
- Clunet R. Lewis, Lead Independent Director (Age 70)
- Meghan G. Baivier, Director (Age 37)
- Arthur A. Weiss, Director (Age 67)
- Stephanie W. Bergeron, Independent Director (Age 63)
- Brian M. Hermelin, Independent Director (Age 51)
Who owns Sun Communities stock?
Sun Communities' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Cohen & Steers Inc. (12.06%), Daiwa Securities Group Inc. (4.60%), Principal Financial Group Inc. (3.66%), Bank of New York Mellon Corp (2.20%), Dimensional Fund Advisors LP (1.28%) and Janus Henderson Group PLC (1.03%). Company insiders that own Sun Communities stock include Clunet R Lewis, Gary A Shiffman, John Bandini Mclaren, Jonathan Colman, Paul D Lapides and Stephanie W Bergeron. View Institutional Ownership Trends for Sun Communities.
Who sold Sun Communities stock? Who is selling Sun Communities stock?
Sun Communities' stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., AMP Capital Investors Ltd, Russell Investments Group Ltd., BNP Paribas Arbitrage SA, JPMorgan Chase & Co., Stevens Capital Management LP, Virginia Retirement Systems ET AL and Amica Mutual Insurance Co.. Company insiders that have sold Sun Communities company stock in the last year include Clunet R Lewis, John Bandini Mclaren and Jonathan Colman. View Insider Buying and Selling for Sun Communities.
Who bought Sun Communities stock? Who is buying Sun Communities stock?
Sun Communities' stock was acquired by a variety of institutional investors in the last quarter, including Capital Growth Management LP, Principal Financial Group Inc., Bank of New York Mellon Corp, Picton Mahoney Asset Management, Nationwide Fund Advisors, Schwab Charles Investment Management Inc., Cohen & Steers Inc. and Advantus Capital Management Inc. View Insider Buying and Selling for Sun Communities.
How do I buy Sun Communities stock?
Shares of Sun Communities can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sun Communities' stock price today?
One share of Sun Communities stock can currently be purchased for approximately $93.17.
How big of a company is Sun Communities?
Sun Communities has a market capitalization of $7.39 billion and generates $833.78 million in revenue each year. The real estate investment trust earns $31.32 million in net income (profit) each year or $0.74 on an earnings per share basis. Sun Communities employs 2,679 workers across the globe.
How can I contact Sun Communities?
Sun Communities' mailing address is 27777 Franklin Rd Ste 200, SOUTHFIELD, MI 48034-8205, United States. The real estate investment trust can be reached via phone at +1-248-2082500 or via email at [email protected]
MarketBeat Community Rating for Sun Communities (SUI)MarketBeat's community ratings are surveys of what our community members think about Sun Communities and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Sun Communities (NYSE:SUI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 2 Hold Ratings, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$92.00 (1.26% downside)|
Consensus Price Target History for Sun Communities (NYSE:SUI)
Analysts' Ratings History for Sun Communities (NYSE:SUI)
(Data available from 11/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/26/2017||Royal Bank Of Canada||Boost Price Target||Outperform||$95.00 -> $96.00||N/A|
|10/23/2017||BMO Capital Markets||Reiterated Rating||Buy||$96.00||N/A|
|9/8/2017||Robert W. Baird||Reiterated Rating||Buy||$95.00||High|
|5/22/2017||Bank of America Corporation||Upgrade||Underperform -> Buy||$93.00||Medium|
|2/28/2017||Evercore ISI||Downgrade||Buy -> Hold||$81.00 -> $86.00||N/A|
|2/27/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$86.00||N/A|
Earnings History and Estimates Chart for Sun Communities (NYSE:SUI)
Earnings History by Quarter for Sun Communities (NYSE SUI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/23/2017||Q3 2017||$0.34||$1.13||$239.45 million||$268.20 million||View||N/A|
|7/26/2017||Q2 2017||$0.19||$0.16||$210.58 million||$237.90 million||View||N/A|
|4/27/2017||Q1 2017||$1.07||$1.10||$194.89 million||$234.40 million||View||N/A|
|2/23/2017||Q416||$0.05||$0.91||$128.52 million||$218.60 million||View||Listen|
|11/1/2016||Q316||$1.10||$1.13||$146.83 million||$249.70 million||View||Listen|
|8/2/2016||Q216||$0.82||$0.85||$165.78 million||$140.00 million||View||Listen|
|4/26/2016||Q116||$0.89||$0.90||$124.36 million||$129.24 million||View||Listen|
|2/23/2016||Q415||$0.85||$0.81||$167.15 million||$168.20 million||View||Listen|
|10/27/2015||Q315||$1.05||$1.05||$173.38 million||$185.36 million||View||Listen|
|7/30/2015||Q215||$0.83||$0.87||$151.49 million||$165.90 million||View||Listen|
|4/23/2015||Q115||$0.86||$0.90||$137.61 million||$152.65 million||View||Listen|
|2/24/2015||Q414||$0.72||$0.69||$122.47 million||$119.70 million||View||Listen|
|10/30/2014||Q3||$0.92||$0.96||$111.80 million||$125.43 million||View||Listen|
|7/24/2014||Q214||$0.76||$0.78||$105.88 million||$115.40 million||View||Listen|
|4/30/2014||Q413||$0.89||$0.95||$110.28 million||$111.18 million||View||Listen|
|10/29/2013||Q313||$0.82||$0.82||$80.38 million||$107.20 million||View||Listen|
|7/25/2013||Q2 2013||$0.71||$0.69||$92.16 million||$100.15 million||View||Listen|
|4/25/2013||Q1 2013||$0.91||$0.93||$91.77 million||$103.40 million||View||Listen|
|2/21/2013||Q4 2012||$0.83||$0.71||$70.16 million||$90.99 million||View||Listen|
Earnings Estimates for Sun Communities (NYSE:SUI)
Current Year EPS Consensus Estimate: $4.16 EPS
Next Year EPS Consensus Estimate: $4.55 EPS
Current Dividend Information for Sun Communities (NYSE:SUI)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||1.00% (3 Year Average)|
|Payout Ratio:||362.16% (Trailing 12 Months of Earnings) |
64.42% (Based on This Year's Estimates)
58.90% (Based on Next Year's Estimates)
Dividend History by Quarter for Sun Communities (NYSE SUI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Sun Communities (NYSE SUI)
Insider Ownership Percentage: 4.15%
Institutional Ownership Percentage: 92.21%
Insider Trades by Quarter for Sun Communities (NYSE SUI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/7/2017||Jonathan Colman||EVP||Sell||2,000||$93.21||$186,420.00|| |
|9/29/2017||Jonathan Colman||EVP||Sell||3,000||$85.44||$256,320.00|| |
|9/26/2017||Clunet R Lewis||Director||Sell||5,292||$86.20||$456,170.40|| |
|9/25/2017||Clunet R Lewis||Director||Sell||1,292||$86.52||$111,783.84|| |
|8/2/2017||John Bandini Mclaren||COO||Sell||5,400||$88.43||$477,522.00|| |
|7/17/2017||Clunet R Lewis||Director||Buy||127||$86.33||$10,963.91|| |
|4/17/2017||Clunet R Lewis||Director||Buy||131||$82.77||$10,842.87|| |
|3/20/2017||John Bandini Mclaren||COO||Sell||980||$73.49||$72,020.20|| |
|2/27/2017||Clunet R Lewis||Director||Sell||2,000||$83.12||$166,240.00|| |
|12/23/2016||Jonathan Colman||EVP||Sell||3,000||$75.00||$225,000.00|| |
|11/17/2016||Stephanie W Bergeron||Director||Sell||4,850||$70.63||$342,555.50|| |
|8/3/2016||Clunet R Lewis||Director||Sell||1,800||$78.16||$140,688.00|| |
|6/30/2016||Gary A Shiffman||CEO||Sell||18,642||$75.67||$1,410,640.14|| |
|6/29/2016||Gary A Shiffman||CEO||Sell||21,570||$75.71||$1,633,064.70|| |
|6/8/2016||Paul D Lapides||Director||Sell||6,127||$68.23||$418,045.21|| |
|11/12/2015||John Bandini Mclaren||COO||Sell||5,000||$62.00||$310,000.00|| |
|6/19/2015||Randall K Rowe||Director||Buy||25,664||$50.00||$1,283,200.00|| |
|1/7/2015||John Bandini Mclaren||COO||Sell||1,725||$63.39||$109,347.75|| |
|12/9/2014||Clunet R Lewis||Director||Sell||1,929||$59.27||$114,331.83|| |
|8/5/2013||John Bandini Mclaren||COO||Sell||2,000||$48.67||$97,340.00|| |
|8/1/2013||Karen Dearing||CFO||Sell||3,000||$48.65||$145,950.00|| |
Latest Headlines for Sun Communities (NYSE SUI)
|Sun Communities, Inc. (SUI) Given Average Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - November 13 at 10:28 AM
|Jonathan Colman Sells 2,000 Shares of Sun Communities, Inc. (SUI) Stock|
www.americanbankingnews.com - November 7 at 7:10 PM
|Sun Communities, Inc. (SUI) Upgraded to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - November 2 at 6:54 AM
|FCC Approves CenturyLink Acquisition Of Level 3: To Buy Or Not To Buy? - Seeking Alpha|
seekingalpha.com - October 31 at 10:13 AM
|Sun Communities, Inc. (SUI) Price Target Increased to $96.00 by Analysts at Royal Bank Of Canada|
www.americanbankingnews.com - October 26 at 10:00 AM
|Sun Communities (SUI) Passes Through 3% Yield Mark|
www.nasdaq.com - October 25 at 7:37 PM
|Sun Communities, Inc. (SUI) Issues Earnings Results|
www.americanbankingnews.com - October 24 at 10:48 AM
|Sun Communities reports 3Q results|
finance.yahoo.com - October 24 at 10:43 AM
|BMO Capital Markets Reaffirms Buy Rating for Sun Communities, Inc. (SUI)|
www.americanbankingnews.com - October 23 at 10:40 PM
|Sun Communities, Inc. (SUI) Issues Q4 Earnings Guidance|
www.americanbankingnews.com - October 23 at 5:18 PM
|Sun Communities, Inc. (SUI) Scheduled to Post Quarterly Earnings on Monday|
www.americanbankingnews.com - October 23 at 5:38 AM
|Zacks Investment Research Lowers Sun Communities, Inc. (SUI) to Sell|
www.americanbankingnews.com - October 22 at 7:48 PM
|Sun Communities (SUI) versus Its Rivals Head to Head Analysis|
www.americanbankingnews.com - October 19 at 8:28 PM
|Sun Communities, Inc. (SUI) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - October 19 at 11:32 AM
|Sun Communities, Inc. Provides Notice of Redemption of 7.125% Series A Cumulative Redeemable Preferred Stock - Nasdaq|
www.nasdaq.com - October 15 at 7:20 AM
|Sun Communities, Inc. : SUI-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 13, 2017|
finance.yahoo.com - October 14 at 8:17 AM
|Sun Communities, Inc. Provides Notice of Redemption of 7.125% Series A Cumulative Redeemable Preferred Stock|
finance.yahoo.com - October 14 at 8:17 AM
|Sun Communities (SUI) & NexPoint Residential Trust (NXRT) Head-To-Head Review|
www.americanbankingnews.com - October 13 at 4:38 PM
|Retire Smarter: Sun Communities Tallies Hurricane Damage - Seeking Alpha|
seekingalpha.com - October 13 at 1:46 AM
|Comparing Sun Communities (SUI) & NexPoint Residential Trust (NXRT)|
www.americanbankingnews.com - October 12 at 10:32 PM
|Sun Communities, Inc. breached its 50 day moving average in a Bullish Manner : SUI-US : October 10, 2017|
finance.yahoo.com - October 11 at 8:10 AM
|Sun Communities, Inc. Provides Update on Impact From Hurricane Irma|
finance.yahoo.com - October 10 at 7:11 AM
|Three Sun Communities Keys properties in need of complete redevelopment|
seekingalpha.com - October 9 at 4:52 PM
|BMO Capital Markets Initiates Coverage on Sun Communities, Inc. (SUI)|
www.americanbankingnews.com - October 9 at 8:16 AM
|Sun Communities, Inc. Terminates Stockholder Rights Plan|
finance.yahoo.com - October 6 at 10:51 AM
|Sun Communities (SUI) and Its Competitors Critical Survey|
www.americanbankingnews.com - October 4 at 9:12 AM
|South Africa's Sun International reviews Panama and Colombia operations|
finance.yahoo.com - October 3 at 1:05 PM
|Insider Selling: Sun Communities, Inc. (SUI) EVP Sells 3,000 Shares of Stock|
www.americanbankingnews.com - September 29 at 8:04 PM
|Sun Communities (SUI) versus The Competition Head to Head Survey|
www.americanbankingnews.com - September 29 at 10:02 AM
|Sun Communities' Series A Preferred Stock Shares Cross 7% Yield Mark|
www.nasdaq.com - September 29 at 8:14 AM
|Sun Communities (SUI) vs. Its Peers Head to Head Comparison|
www.americanbankingnews.com - September 29 at 12:30 AM
|Clunet R. Lewis Purchases 131 Shares of Sun Communities, Inc. (SUI) Stock|
www.americanbankingnews.com - September 27 at 8:32 PM
|Sun Communities, Inc. (SUI) Director Acquires $10,963.91 in Stock|
www.americanbankingnews.com - September 27 at 8:32 PM
|Sun Communities, Inc. (SUI) Director Sells $111,783.84 in Stock|
www.americanbankingnews.com - September 27 at 8:08 PM
|Sun Communities, Inc. (SUI) Director Sells $456,170.40 in Stock|
www.americanbankingnews.com - September 27 at 7:44 PM
|Sun Communities 7.125% Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon|
www.nasdaq.com - September 27 at 5:32 PM
|Analyzing Sun Communities (SUI) & Its Rivals|
www.americanbankingnews.com - September 27 at 12:34 AM
|Contrasting Campus Crest Communities (CCG) & Sun Communities (SUI)|
www.americanbankingnews.com - September 25 at 12:18 PM
|Sun Communities, Inc. (SUI) Given Average Rating of "Buy" by Brokerages|
www.americanbankingnews.com - September 24 at 8:43 AM
|Sun Communities, Inc. (SUI) to Issue $0.67 Quarterly Dividend|
www.americanbankingnews.com - September 23 at 1:02 PM
|Sun Communities Provides Preliminary Assessment of Hurricane Irma Impact|
www.nasdaq.com - September 13 at 9:41 AM
|Sun Communities, Inc. breached its 50 day moving average in a Bearish Manner : SUI-US : September 11, 2017|
finance.yahoo.com - September 12 at 10:21 AM
|Sun Communities, Inc. (SUI) Earns Buy Rating from Robert W. Baird|
www.americanbankingnews.com - September 9 at 4:28 PM
|Sun Communities (SUI) versus Altisource Residential Corporation (RESI) Head-To-Head Survey|
www.americanbankingnews.com - September 8 at 10:30 AM
|Sun Communities, Inc. Declares Third Quarter 2017 Dividends|
finance.yahoo.com - September 5 at 8:52 AM
|Sun Communities, Inc. (SUI) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 30 at 8:54 AM
|Sun Communities (SUI) versus Independence Realty Trust (IRT) Financial Contrast|
www.americanbankingnews.com - August 17 at 8:26 PM
|Sun Communities, Inc. breached its 50 day moving average in a Bullish Manner : SUI-US : August 15, 2017|
finance.yahoo.com - August 16 at 7:54 AM
|See what the IHS Markit Score report has to say about Sun Communities Inc.|
finance.yahoo.com - August 15 at 7:26 AM
|Head to Head Analysis: Sun Communities (SUI) and New Senior Investment Group (SNR)|
www.americanbankingnews.com - August 14 at 6:16 AM
Sun Communities (NYSE SUI) Chart for Wednesday, November, 22, 2017