Sun Communities (SUI) Getting Somewhat Favorable Media Coverage, Analysis Shows
Media headlines about Sun Communities (NYSE:SUI) have trended somewhat positive on Monday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Communities earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.3685599679431 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Sun Communities (SUI) traded up $0.92 during trading on Monday, hitting $92.02. 250,500 shares of the stock were exchanged, compared to its average volume of 355,815. Sun Communities has a 52-week low of $73.76 and a 52-week high of $96.08. The stock has a market cap of $7,300.00, a P/E ratio of 124.35, a P/E/G ratio of 3.48 and a beta of 0.27.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.79. The firm had revenue of $268.20 million for the quarter, compared to the consensus estimate of $239.45 million. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. During the same quarter in the previous year, the firm earned $1.13 EPS. analysts predict that Sun Communities will post 4.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, December 28th. Sun Communities’s dividend payout ratio (DPR) is presently 362.16%.
SUI has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Sun Communities in a research report on Monday, October 23rd. Royal Bank of Canada lifted their price objective on shares of Sun Communities from $95.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. ValuEngine raised shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Sun Communities in a research report on Friday, September 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $93.00.
In related news, EVP Jonathan Colman sold 2,000 shares of Sun Communities stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $93.21, for a total value of $186,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clunet R. Lewis sold 5,292 shares of Sun Communities stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $86.20, for a total transaction of $456,170.40. Following the completion of the sale, the director now owns 18,800 shares of the company’s stock, valued at $1,620,560. The disclosure for this sale can be found here. Insiders sold a total of 10,292 shares of company stock valued at $898,910 over the last quarter. 4.15% of the stock is owned by company insiders.
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About Sun Communities
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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