Sun Communities (NYSE:SUI) updated its second quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.03-1.06 for the period, compared to the Thomson Reuters consensus estimate of $1.06. Sun Communities also updated its FY18 guidance to $4.48-4.58 EPS.

Several research firms have weighed in on SUI. BMO Capital Markets set a $97.00 price objective on Sun Communities and gave the stock a buy rating in a report on Wednesday, February 21st. Zacks Investment Research cut Sun Communities from a buy rating to a hold rating in a report on Thursday, December 28th. Robert W. Baird cut Sun Communities from an outperform rating to a neutral rating and lowered their target price for the company from $100.00 to $95.00 in a research note on Friday, January 5th. Finally, ValuEngine cut Sun Communities from a buy rating to a hold rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $94.83.

SUI opened at $91.54 on Tuesday. The company has a market capitalization of $7,293.42, a PE ratio of 21.90, a PEG ratio of 3.19 and a beta of 0.11. Sun Communities has a 52 week low of $80.12 and a 52 week high of $96.08.

Sun Communities (NYSE:SUI) last released its earnings results on Monday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. The company had revenue of $259.90 million during the quarter, compared to analysts’ expectations of $242.51 million. Sun Communities had a return on equity of 2.98% and a net margin of 8.01%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. analysts expect that Sun Communities will post 4.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Thursday, March 29th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Wednesday, March 28th. This is a boost from Sun Communities’s previous quarterly dividend of $0.67. Sun Communities’s dividend payout ratio (DPR) is presently 68.11%.

In other news, Director Clunet R. Lewis sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $87.84, for a total value of $193,248.00. Following the completion of the transaction, the director now owns 19,400 shares in the company, valued at approximately $1,704,096. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.69% of the company’s stock.

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About Sun Communities

Sun Communities, Inc provides real estate management services. The company operates through the following segments: Real Property Operations and Home Sales & Rentals. The Real Property Operations segment owns, operates, and develops manufacture housing communities and recreational vehicle communities throughout the United States and is in the business of acquiring, operating, and expanding manufactured housing and recreational vehicle communities.

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