Analysts Set Sun Communities, Inc. (NYSE:SUI) Target Price at $137.46

Sun Communities, Inc. (NYSE:SUI) has earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $137.4615.

A number of research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Sun Communities from $134.00 to $136.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Barclays restated an “overweight” rating and set a $144.00 price target on shares of Sun Communities in a report on Tuesday, January 13th. UBS Group lifted their price target on Sun Communities from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Tuesday, January 20th. Finally, Morgan Stanley decreased their target price on shares of Sun Communities from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th.

Sun Communities Stock Performance

Shares of SUI stock opened at $127.26 on Friday. The company’s fifty day moving average price is $125.40 and its 200-day moving average price is $125.65. The stock has a market cap of $15.74 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 4.11 and a beta of 0.90. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.58. Sun Communities has a 12 month low of $109.22 and a 12 month high of $137.77.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.10. Sun Communities had a net margin of 42.58% and a negative return on equity of 4.53%. The company had revenue of $697.20 million during the quarter, compared to analyst estimates of $713.32 million. During the same period last year, the business earned $2.34 EPS. Sun Communities’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Sun Communities will post 6.77 EPS for the current fiscal year.

Sun Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be given a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $4.16 annualized dividend and a yield of 3.3%. Sun Communities’s dividend payout ratio is 52.13%.

Insider Buying and Selling at Sun Communities

In other Sun Communities news, Director Clunet R. Lewis sold 4,000 shares of Sun Communities stock in a transaction on Monday, November 10th. The stock was sold at an average price of $126.24, for a total value of $504,960.00. Following the completion of the sale, the director owned 26,000 shares of the company’s stock, valued at approximately $3,282,240. This trade represents a 13.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary A. Shiffman sold 156,875 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.53, for a total value of $19,378,768.75. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.89% of the company’s stock.

Institutional Trading of Sun Communities

Large investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Sun Communities by 1,226.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 199 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Sun Communities during the 3rd quarter valued at $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Sun Communities in the 3rd quarter worth $27,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Sun Communities in the second quarter worth $30,000. Finally, MAI Capital Management lifted its holdings in Sun Communities by 164.4% in the second quarter. MAI Capital Management now owns 267 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 166 shares during the period. 99.59% of the stock is currently owned by institutional investors.

Sun Communities Company Profile

Sun Communities, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of manufactured housing communities, recreational vehicle (RV) resorts and marinas. The company’s portfolio spans more than 500 manufactured housing communities and over 160 RV resorts, offering affordable, long-term housing as well as short-stay recreational lodging. Through professional on-site management and amenity-rich community designs, Sun Communities serves a diverse customer base that includes retirees, workforce families and vacationers.

Founded in 1975 and headquartered in Southfield, Michigan, Sun Communities has grown organically and through strategic acquisitions to become one of the largest operators in its sector.