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Sun Communities - SUI Stock Forecast, Price & News

$171.10
-0.19 (-0.11%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$170.47
$172.67
50-Day Range
$150.91
$171.69
52-Week Range
$148.64
$211.79
Volume
423,397 shs
Average Volume
626,767 shs
Market Capitalization
$21.10 billion
P/E Ratio
62.67
Dividend Yield
2.05%
Price Target
$203.75

Sun Communities MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
19.1% 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
-0.33mentions of Sun Communities in the last 14 days
Based on 4 Articles This Week
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.

2.25 out of 5 stars

Finance Sector

534th out of 924 stocks

Real Estate Investment Trusts Industry

98th out of 197 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.

Sun Communities Price Performance

Shares of NYSE:SUI traded down $0.19 during trading on Tuesday, hitting $171.10. 423,397 shares of the company were exchanged, compared to its average volume of 626,767. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.24 and a quick ratio of 2.24. Sun Communities has a 1 year low of $148.64 and a 1 year high of $211.79. The company has a market cap of $21.10 billion, a price-to-earnings ratio of 62.76, a PEG ratio of 2.80 and a beta of 0.61. The firm's fifty day moving average price is $160.50 and its 200 day moving average price is $171.15.

Sun Communities (NYSE:SUI - Get Rating) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.19). Sun Communities had a return on equity of 4.42% and a net margin of 12.33%. During the same quarter last year, the business earned $1.80 EPS. On average, sell-side analysts expect that Sun Communities will post 7.24 earnings per share for the current fiscal year.

Sun Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, June 29th. Sun Communities's dividend payout ratio is currently 128.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Sun Communities from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Friday, July 1st. Truist Financial assumed coverage on Sun Communities in a research note on Tuesday, May 10th. They issued a "buy" rating and a $185.00 target price on the stock. JMP Securities cut their price target on Sun Communities from $220.00 to $200.00 and set a "market outperform" rating for the company in a research note on Thursday, July 28th. Evercore ISI set a $194.00 price objective on shares of Sun Communities in a research report on Monday, June 20th. Finally, BMO Capital Markets cut their price objective on shares of Sun Communities from $202.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Sun Communities has an average rating of "Moderate Buy" and an average price target of $203.75.

Insider Transactions at Sun Communities

In other Sun Communities news, EVP Bruce Thelen sold 6,892 shares of the firm's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $165.40, for a total transaction of $1,139,936.80. Following the completion of the transaction, the executive vice president now directly 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 this hyperlink. In related 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 value of $1,139,936.80. Following the sale, the executive vice president now owns 25,120 shares of the company's stock, valued at approximately $4,154,848. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Clunet R. Lewis sold 4,400 shares of the firm's stock in a transaction 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 directly owns 26,400 shares of the company's stock, valued at approximately $4,049,496. The disclosure for this sale can be found here. Corporate insiders own 2.25% of the company's stock.

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SUI Stock News Headlines

Sun Communities Inc
Sun Communities, Inc. (NYSE:SUI) Short Interest Update
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
8/16/2022
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
+19.1%
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
$7.64 per share
Book Value
$60.53 per share

Miscellaneous

Free Float
120,549,000
Market Cap
$21.10 billion
Optionable
Optionable
Beta
0.61

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 analysts have issued 12-month price objectives for Sun Communities' shares. Their SUI share price forecasts range from $185.00 to $227.00. On average, they expect the company's share price to reach $203.75 in the next twelve months. This suggests a possible upside of 19.1% 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 on January 1st, 2022. Since then, SUI shares have decreased by 18.5% and is now trading at $171.10.
View the best growth stocks for 2022 here
.

Are investors shorting Sun Communities?

Sun Communities saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,260,000 shares, a decline of 36.3% from the June 30th total of 3,550,000 shares. Based on an average daily volume of 595,700 shares, the short-interest ratio is presently 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) posted its quarterly earnings results on Monday, July, 25th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.19. Sun Communities had a trailing twelve-month return on equity of 4.42% and a net margin of 12.33%. During the same quarter in the previous year, the firm posted $1.80 earnings per share.

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

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 dividend on an annualized basis and a yield of 2.06%. 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 2.05%. 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 45.60% 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 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 a variety of institutional and retail 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.
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 $171.10.

How much money does Sun Communities make?

Sun Communities (NYSE:SUI) has a market capitalization of $21.10 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 8/16/2022 by MarketBeat.com Staff

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