JMP Securities reissued their market outperform score on shares of Sun Communities (NYSE:SUI – Free Report) in a analysis observe launched on Monday morning,Benzinga reviews. The brokerage at the moment has a $140.00 value goal on the true property funding belief’s inventory, down from their earlier value goal of $150.00.
Different equities analysis analysts have additionally just lately issued analysis reviews concerning the firm. Royal Financial institution of Canada reissued an “outperform” score on shares of Sun Communities in a analysis observe on Friday, February twenty eighth. Jefferies Monetary Group assumed protection on shares of Sun Communities in a analysis report on Tuesday, April eighth. They issued a “purchase” score and a $150.00 value goal for the corporate. Lastly, Truist Monetary lowered their value goal on shares of Sun Communities from $142.00 to $135.00 and set a “purchase” score on the inventory in a report on Thursday, April tenth. Two analysts have rated the inventory with a promote score, 5 have assigned a maintain score and 5 have issued a purchase score to the inventory. In line with information from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a median value goal of $135.70.
Get Our Latest Research Report on Sun Communities
Sun Communities Inventory Down 1.7 %
Shares of NYSE:SUI opened at $121.19 on Monday. The enterprise’s 50-day shifting common is $127.52 and its 200-day shifting common is $127.03. Sun Communities has a 1 yr low of $109.22 and a 1 yr excessive of $147.83. The corporate has a market capitalization of $15.46 billion, a price-to-earnings ratio of 65.16 and a beta of 0.84. The corporate has a debt-to-equity ratio of 0.93, a present ratio of 1.61 and a fast ratio of 1.61.
Sun Communities (NYSE:SUI – Get Free Report) final introduced its quarterly earnings information on Wednesday, February twenty sixth. The actual property funding belief reported $1.41 EPS for the quarter, topping the consensus estimate of $1.39 by $0.02. The corporate had income of $745.90 million in the course of the quarter, in comparison with the consensus estimate of $724.68 million. Sun Communities had a internet margin of seven.46% and a return on fairness of three.21%. Equities analysis analysts predict that Sun Communities will publish 6.77 earnings per share for the present yr.
Sun Communities Publicizes Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Tuesday, April fifteenth. Shareholders of report on Monday, March thirty first got a $0.94 dividend. This represents a $3.76 dividend on an annualized foundation and a yield of three.10%. The ex-dividend date was Monday, March thirty first. Sun Communities’s payout ratio is 508.11%.
Hedge Funds Weigh In On Sun Communities
A variety of hedge funds and different institutional buyers have just lately modified their holdings of SUI. Opal Wealth Advisors LLC purchased a brand new stake in Sun Communities in the course of the first quarter value $29,000. Aster Capital Administration DIFC Ltd elevated its place in shares of Sun Communities by 263.6% in the course of the 4th quarter. Aster Capital Administration DIFC Ltd now owns 320 shares of the true property funding belief’s inventory valued at $39,000 after buying an extra 232 shares over the last quarter. Smartleaf Asset Administration LLC boosted its holdings in shares of Sun Communities by 45.1% within the 4th quarter. Smartleaf Asset Administration LLC now owns 399 shares of the true property funding belief’s inventory value $49,000 after shopping for an extra 124 shares over the last quarter. CKW Monetary Group grew its place in Sun Communities by 45.0% in the course of the fourth quarter. CKW Monetary Group now owns 435 shares of the true property funding belief’s inventory valued at $53,000 after shopping for an extra 135 shares in the course of the interval. Lastly, Parallel Advisors LLC grew its place in Sun Communities by 66.4% in the course of the first quarter. Parallel Advisors LLC now owns 476 shares of the true property funding belief’s inventory valued at $61,000 after shopping for an extra 190 shares in the course of the interval. Hedge funds and different institutional buyers personal 99.59% of the corporate’s inventory.
Sun Communities Firm Profile
Established in 1975, Sun Communities, Inc turned a publicly owned company in December 1993. The Firm is a totally built-in REIT listed on the New York Inventory Trade underneath the image: SUI. As of December 31, 2023, the Firm owned, operated, or had an curiosity in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed websites and roughly 48,030 moist slips and dry storage areas within the U.S., the UK and Canada.
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