Sun Communities (SUI) Set to Announce Earnings on Monday

Sun Communities (NYSE:SUIGet Rating) is set to release its earnings data after the market closes on Monday, April 25th. Analysts expect Sun Communities to post earnings of $1.26 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Sun Communities (NYSE:SUIGet Rating) last released its quarterly earnings data on Sunday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.14). Sun Communities had a net margin of 16.73% and a return on equity of 5.55%. During the same period in the prior year, the firm earned $1.16 EPS. On average, analysts expect Sun Communities to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SUI opened at $186.86 on Friday. The stock has a market cap of $21.71 billion, a PE ratio of 56.28, a P/E/G ratio of 2.97 and a beta of 0.67. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.81. Sun Communities has a 1 year low of $160.09 and a 1 year high of $211.79. The stock’s 50 day simple moving average is $181.04 and its 200-day simple moving average is $190.86.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.88 dividend. This is a positive change from Sun Communities’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, March 30th. This represents a $3.52 annualized dividend and a yield of 1.88%. Sun Communities’s payout ratio is currently 106.02%.

In other news, Director Clunet R. Lewis sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $177.63, for a total value of $88,815.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.93% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SUI. Vident Investment Advisory LLC boosted its position in Sun Communities by 1.3% during the 4th quarter. Vident Investment Advisory LLC now owns 7,794 shares of the real estate investment trust’s stock valued at $1,636,000 after acquiring an additional 97 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Sun Communities by 9.2% during the fourth quarter. MML Investors Services LLC now owns 4,316 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 364 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Sun Communities during the fourth quarter valued at approximately $119,000. Advisors Asset Management Inc. lifted its holdings in shares of Sun Communities by 27.8% during the fourth quarter. Advisors Asset Management Inc. now owns 3,182 shares of the real estate investment trust’s stock valued at $668,000 after purchasing an additional 693 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in shares of Sun Communities by 69.5% during the fourth quarter. NEXT Financial Group Inc now owns 2,251 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 923 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on SUI shares. TheStreet lowered Sun Communities from a “b” rating to a “c+” rating in a research note on Monday, March 14th. JMP Securities assumed coverage on Sun Communities in a research report on Wednesday. They set an “outperform” rating and a $220.00 target price for the company. Robert W. Baird dropped their target price on Sun Communities from $210.00 to $205.00 in a research report on Wednesday, March 30th. StockNews.com assumed coverage on Sun Communities in a research report on Thursday, March 31st. They set a “sell” rating for the company. Finally, Barclays dropped their target price on Sun Communities from $236.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $213.78.

About Sun Communities (Get Rating)

Sun Communities, Inc is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.

See Also

Earnings History for Sun Communities (NYSE:SUI)

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