Sun Communities (NYSE:SUI – Get Rating) had its target price trimmed by Barclays from $185.00 to $168.00 in a report released on Monday morning, The Fly reports.
A number of other equities research analysts have also recently commented on the stock. JMP Securities reissued a market outperform rating and issued a $160.00 price objective on shares of Sun Communities in a research note on Wednesday, March 8th. Wells Fargo & Company assumed coverage on shares of Sun Communities in a research note on Wednesday, March 29th. They set an equal weight rating and a $151.00 price objective on the stock. Truist Financial cut their price objective on Sun Communities from $166.00 to $163.00 and set a buy rating on the stock in a report on Friday, March 31st. Finally, StockNews.com raised shares of Sun Communities to a sell rating in a research note on Tuesday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Communities presently has a consensus rating of Moderate Buy and a consensus price target of $164.50.
Sun Communities Stock Performance
NYSE SUI opened at $140.41 on Monday. The stock’s fifty day moving average is $145.46 and its two-hundred day moving average is $141.37. Sun Communities has a fifty-two week low of $117.63 and a fifty-two week high of $193.67. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.11 and a current ratio of 2.11. The firm has a market capitalization of $17.47 billion, a P/E ratio of 70.91, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71.
Sun Communities Increases Dividend
Insider Activity
In other Sun Communities news, Director Clunet R. Lewis sold 1,500 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $148.51, for a total value of $222,765.00. Following the sale, the director now directly owns 26,900 shares of the company’s stock, valued at $3,994,919. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.25% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Sun Communities
Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in Sun Communities by 7.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 8,215 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 577 shares during the period. Yousif Capital Management LLC raised its holdings in Sun Communities by 6.4% in the 4th quarter. Yousif Capital Management LLC now owns 5,956 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 360 shares during the period. Ethic Inc. grew its holdings in Sun Communities by 30.8% in the third quarter. Ethic Inc. now owns 3,268 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 770 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Sun Communities by 6.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,629 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 157 shares during the period. Finally, Capital Square LLC grew its position in shares of Sun Communities by 31.5% in the third quarter. Capital Square LLC now owns 8,577 shares of the real estate investment trust’s stock valued at $1,160,000 after purchasing an additional 2,055 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Sun Communities Company Profile
Sun Communities, Inc provides real estate management services. The firm operates through the following segments: Manufactured Home Communities, Recreational Vehicle, and Marina. The Manufactured Home Communities segment owns, operates, and develops manufactured housing communities and is in the business of acquiring, operating, and developing ground up communities to provide housing solutions.
Featured Articles
- Get a free copy of the StockNews.com research report on Sun Communities (SUI)
- This Is Why Penny Stock GreenPower Motor Company Is A Win
- Comcast Sum of All Parts is Producing a Cumulative Effect
- The Greenbrier Companies: All Aboard For High-Yield In 2023
- Coty Stock is on the Comeback Trail
- Splunk Stock is an AI-Powered Enterprise SEIM Play
Receive News & Ratings for Sun Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities and related companies with MarketBeat.com's FREE daily email newsletter.
