Robert W. Baird initiated coverage on shares of Sun Communities (NYSE:SUI) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $49.00 price target on the stock. Robert W. Baird’s price objective would suggest a potential upside of 10.86% from the company’s current price.
Separately, analysts at Citigroup Inc. initiated coverage on shares of Sun Communities in a research note to investors on Thursday, October 10th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $48.75.
Sun Communities (NYSE:SUI) opened at 44.20 on Monday. Sun Communities has a 52-week low of $36.15 and a 52-week high of $57.78. The stock has a 50-day moving average of $43.78 and a 200-day moving average of $48.19. The company has a market cap of $1.596 billion and a price-to-earnings ratio of 300.68.
Sun Communities (NYSE:SUI) last announced its earnings results on Thursday, July 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.02. The company had revenue of $100.15 million for the quarter, compared to the consensus estimate of $92.16 million. During the same quarter last year, the company posted $0.78 earnings per share. Sun Communities’s revenue was up 21.8% compared to the same quarter last year.
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (NYSE:SUI).
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