Sun Communities (SUI) Scheduled to Post Quarterly Earnings on Monday

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

Sun Communities (NYSE:SUIGet Rating) last posted its quarterly earnings data on Sunday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.14). Sun Communities had a return on equity of 5.55% and a net margin of 16.73%. During the same quarter in the previous year, the firm posted $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.

NYSE:SUI opened at $185.58 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a market capitalization of $21.57 billion, a P/E ratio of 55.90, a PEG ratio of 2.97 and a beta of 0.67. The company has a 50 day moving average price of $181.34 and a 200 day moving average price of $190.84. Sun Communities has a fifty-two week low of $154.04 and a fifty-two week high of $211.79.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Sun Communities’s previous quarterly dividend of $0.83. Sun Communities’s dividend payout ratio (DPR) is presently 106.02%.

In other news, Director Clunet R. Lewis sold 500 shares of the firm’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $177.63, for a total value of $88,815.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC raised its stake 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 worth $1,636,000 after acquiring an additional 97 shares in the last quarter. MML Investors Services LLC raised its stake in Sun Communities by 9.2% during the 4th quarter. MML Investors Services LLC now owns 4,316 shares of the real estate investment trust’s stock worth $906,000 after acquiring an additional 364 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Sun Communities during the 4th quarter worth $119,000. Advisors Asset Management Inc. raised its stake in Sun Communities by 27.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,182 shares of the real estate investment trust’s stock worth $668,000 after acquiring an additional 693 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in Sun Communities by 69.5% during the 4th quarter. NEXT Financial Group Inc now owns 2,251 shares of the real estate investment trust’s stock worth $474,000 after acquiring an additional 923 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research report on Friday, March 4th. TheStreet lowered shares of Sun Communities from a “b” rating to a “c+” rating in a report on Monday, March 14th. Robert W. Baird reduced their target price on shares of Sun Communities from $210.00 to $205.00 in a report on Wednesday, March 30th. StockNews.com started coverage on shares of Sun Communities in a report on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Barclays reduced their target price on shares of Sun Communities from $236.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Communities has an average rating of “Buy” and an average target price of $213.00.

Sun Communities Company Profile (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.

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Earnings History for Sun Communities (NYSE:SUI)

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