Sun Communities (NYSE:SUI) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 24th. Analysts expect Sun Communities to post earnings of $1.36 per share for the quarter. Sun Communities has set its Q3 guidance at $1.34-1.37 EPS and its Q4 guidance at $1.02-1.05 EPS.

Sun Communities (NYSE:SUI) last announced its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Sun Communities had a return on equity of 3.44% and a net margin of 8.91%. The company had revenue of $271.43 million during the quarter, compared to analysts’ expectations of $235.02 million. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, analysts expect Sun Communities to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE:SUI opened at $99.74 on Monday. Sun Communities has a 52-week low of $80.12 and a 52-week high of $103.74. The firm has a market capitalization of $8.11 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.31 and a beta of 0.06.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $0.71 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $2.84 annualized dividend and a yield of 2.85%. Sun Communities’s dividend payout ratio (DPR) is presently 68.11%.

In other Sun Communities news, Director Clunet R. Lewis sold 1,200 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $99.95, for a total transaction of $119,940.00. Following the completion of the sale, the director now directly owns 19,400 shares in the company, valued at $1,939,030. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO John Bandini Mclaren sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $625,040.00. Following the sale, the chief operating officer now owns 162,294 shares of the company’s stock, valued at $15,606,191.04. The disclosure for this sale can be found here. Corporate insiders own 3.69% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Sun Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Citigroup upped their target price on shares of Sun Communities from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. BMO Capital Markets upped their target price on shares of Sun Communities to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. Robert W. Baird upped their target price on shares of Sun Communities from $102.00 to $106.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. Finally, ValuEngine upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $103.86.

Sun Communities Company Profile

Sun Communities, Inc is a REIT that, as of June 30, 2018, owned, operated, or had an interest in a portfolio of 367 communities comprising approximately 126,000 developed sites in 31 states and Ontario, Canada. For more information about Sun Communities, Inc, please visit www.suncommunities.com.

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Earnings History for Sun Communities (NYSE:SUI)

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