Streetbeat News

SUI

Sun Communities, Inc.

https://www.suncommunities.com

Industry

REIT - Residential

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.

Open

123.45

Mkt cap

16B

Volume

1.2M

High

125.86

P/E Ratio

245.73

52-wk high

147.83

Low

121.74

Div yield

0.03

52-wk low

110.98

Sun Communities (NYSE:SUI) has seen a decrease in its short interest, with the short percent of float falling by 8.74%. Currently, 1.54 million shares are sold short, representing 1.67% of the float. This is lower than the peer group average of 2.28%.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 5:45 pm

Sun Communities (NYSE:SUI) has been analyzed by four analysts, showing a range of sentiments from somewhat bullish to indifferent. Recent price targets suggest an upward trend, with an average target of $141.0, reflecting a 3.49% increase from the previous average. Analysts have raised their ratings and price targets, indicating positive expectations. However, Sun Communities faces challenges with below-average net margin, ROE, and ROA, despite a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 12:00 pm

Baird analyst Wesley Golladay maintains an Outperform rating on Sun Communities (NYSE:SUI) and raises the price target from $144 to $145.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:08 am

Evercore ISI Group has maintained an 'Outperform' rating on Sun Communities (NYSE:SUI) and raised the price target from $143 to $144.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:20 pm

Truist Securities analyst Anthony Hau maintains a Hold rating on Sun Communities (NYSE:SUI) and raises the price target from $127 to $138.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:45 am

RBC Capital analyst Brad Heffern maintains an Outperform rating on Sun Communities (NYSE:SUI) and raises the price target from $131 to $137.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:42 pm

Sun Communities has reiterated its FY24 Core FFO per share guidance of $7.06 to $7.22, with an estimate of $7.12.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:44 pm

Sun Communities (NYSE:SUI) reported Q2 2024 earnings of $1.86 per share, missing the analyst estimate of $1.88. Sales were $864 million, also below the $890.623 million estimate. Earnings decreased by 5.1% year-over-year, while sales saw a slight increase of 0.06%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:04 pm

Sun Communities (NYSE:SUI) has seen a 3.37% increase in its short percent of float, now at 1.84% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Sun Communities has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:15 pm

Shares of REIT stocks are trading higher due to a drop in Treasury yields following soft May CPI figures.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:02 pm

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