Sun Communities (SUI) Getting Somewhat Favorable News Coverage, Accern Reports
News articles about Sun Communities (NYSE:SUI) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sun Communities earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.0167477380187 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Sun Communities (NYSE:SUI) traded down $0.10 during mid-day trading on Monday, reaching $92.54. The company’s stock had a trading volume of 217,000 shares, compared to its average volume of 363,046. Sun Communities has a 1-year low of $69.90 and a 1-year high of $93.84. The stock has a market cap of $7,340.00, a price-to-earnings ratio of 22.57, a PEG ratio of 3.53 and a beta of 0.28.
Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.79. The firm had revenue of $268.20 million during the quarter, compared to analyst estimates of $239.45 million. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. During the same quarter last year, the business posted $1.13 earnings per share. equities research analysts expect that Sun Communities will post 4.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.67 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.90%. Sun Communities’s payout ratio is 362.16%.
SUI has been the topic of several research analyst reports. Zacks Investment Research cut Sun Communities from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BMO Capital Markets started coverage on Sun Communities in a report on Monday, October 9th. They set an “outperform” rating and a $96.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 price objective on shares of Sun Communities in a research note on Sunday, July 16th. Finally, Robert W. Baird restated a “buy” rating and issued a $95.00 price objective on shares of Sun Communities in a research note on Friday, September 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sun Communities presently has a consensus rating of “Buy” and an average price target of $92.29.
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In related news, Director Clunet R. Lewis sold 5,292 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $86.20, for a total value of $456,170.40. Following the completion of the transaction, the director now owns 18,800 shares of the company’s stock, valued at approximately $1,620,560. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Clunet R. Lewis sold 1,292 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $86.52, for a total transaction of $111,783.84. Following the completion of the sale, the director now directly owns 18,800 shares of the company’s stock, valued at approximately $1,626,576. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,584 shares of company stock valued at $1,010,694. Company insiders own 4.15% of the company’s stock.
Sun Communities Company Profile
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).
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