NYSE:SUI

Sun Communities (SUI) Stock Price, News & Analysis

$118.20
+0.51 (+0.43%)
(As of 04/22/2024 ET)
Today's Range
$116.97
$118.62
50-Day Range
$117.69
$133.91
52-Week Range
$102.74
$141.52
Volume
642,855 shs
Average Volume
546,895 shs
Market Capitalization
$14.73 billion
P/E Ratio
103.69
Dividend Yield
3.18%
Price Target
$141.17

Sun Communities MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.4% Upside
$141.17 Price Target
Short Interest
Healthy
1.16% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.58
Upright™ Environmental Score
News Sentiment
1.50mentions of Sun Communities in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$912,460 Sold Last Quarter
Proj. Earnings Growth
6.88%
From $7.12 to $7.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Finance Sector

69th out of 853 stocks

Real Estate Investment Trusts Industry

10th out of 181 stocks

SUI stock logo

About Sun Communities Stock (NYSE:SUI)

Established in 1975, Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.

SUI Stock Price History

SUI Stock News Headlines

Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Sun Communities (SUI) to Release Earnings on Monday
RBC Capital Remains a Buy on Sun Communities (SUI)
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Sun Communities, Inc. Releases 2023 ESG Report
JMP Securities Remains a Buy on Sun Communities (SUI)
SUI Apr 2024 120.000 put
SUI Mar 2024 110.000 put
Sun Communities: Wonderful Stock At A Decent Price
Sun Communities: Growth At A High Price
Sun Communities: Growth At A High Price
See More Headlines
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Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/23/2024
Next Earnings (Confirmed)
4/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
86667410
Employees
6,780
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$141.17
High Stock Price Target
$168.00
Low Stock Price Target
$123.00
Potential Upside/Downside
+19.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$-201,000,000.00
Pretax Margin
-3.41%

Debt

Sales & Book Value

Annual Sales
$3.22 billion
Cash Flow
$6.44 per share
Book Value
$59.74 per share

Miscellaneous

Free Float
122,286,000
Market Cap
$14.73 billion
Optionable
Optionable
Beta
0.80

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SUI Stock Analysis - Frequently Asked Questions

Should I buy or sell Sun Communities stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Communities in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SUI shares.
View SUI analyst ratings
or view top-rated stocks.

What is Sun Communities' stock price target for 2024?

10 analysts have issued 1-year target prices for Sun Communities' shares. Their SUI share price targets range from $123.00 to $168.00. On average, they anticipate the company's share price to reach $141.17 in the next year. This suggests a possible upside of 19.4% from the stock's current price.
View analysts price targets for SUI
or view top-rated stocks among Wall Street analysts.

How have SUI shares performed in 2024?

Sun Communities' stock was trading at $133.65 at the start of the year. Since then, SUI shares have decreased by 11.6% and is now trading at $118.20.
View the best growth stocks for 2024 here
.

Are investors shorting Sun Communities?

Sun Communities saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,450,000 shares, a drop of 17.1% from the March 15th total of 1,750,000 shares. Based on an average daily volume of 855,600 shares, the days-to-cover ratio is presently 1.7 days.
View Sun Communities' Short Interest
.

When is Sun Communities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our SUI earnings forecast
.

How can I listen to Sun Communities' earnings call?

Sun Communities will be holding an earnings conference call on Tuesday, April 30th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745022".

How were Sun Communities' earnings last quarter?

Sun Communities, Inc. (NYSE:SUI) posted its quarterly earnings data on Wednesday, July, 26th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by $1.23. The real estate investment trust had revenue of $863.50 million for the quarter, compared to the consensus estimate of $834.99 million. Sun Communities had a net margin of 4.40% and a trailing twelve-month return on equity of 1.79%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.02 EPS.

How often does Sun Communities pay dividends? What is the dividend yield for Sun Communities?

Sun Communities announced a quarterly dividend on Friday, March 1st. Stockholders of record on Friday, March 29th will be given a dividend of $0.94 per share on Monday, April 15th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.93.
Read our dividend analysis for SUI
.

Is Sun Communities a good dividend stock?

Sun Communities (NYSE:SUI) pays an annual dividend of $3.76 per share and currently has a dividend yield of 3.19%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 329.83%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SUI will have a dividend payout ratio of 49.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SUI.

What guidance has Sun Communities issued on next quarter's earnings?

Sun Communities updated its FY24 earnings guidance on Friday, March, 1st. The company provided earnings per share guidance of $7.04-7.24 for the period, compared to the consensus EPS estimate of $7.18.

What is Gary A. Shiffman's approval rating as Sun Communities' CEO?

140 employees have rated Sun Communities Chief Executive Officer Gary A. Shiffman on Glassdoor.com. Gary A. Shiffman has an approval rating of 91% among the company's employees. This puts Gary A. Shiffman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Sun Communities own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sun Communities investors own include Alibaba Group (BABA), NVIDIA (NVDA), Fortinet (FTNT), NextEra Energy (NEE), American Tower (AMT), Chipotle Mexican Grill (CMG), Intel (INTC), Xilinx (XLNX), Arch Capital Group (ACGL) and Walt Disney (DIS).

Who are Sun Communities' major shareholders?

Sun Communities' stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.53%), Allspring Global Investments Holdings LLC (0.38%), Hazelview Securities Inc. (0.10%), State of Alaska Department of Revenue (0.05%), Vert Asset Management LLC (0.04%) and Raymond James & Associates (0.04%). Insiders that own company stock include Baxter Underwood, Bruce Thelen, Clunet R Lewis, Craig Leupold, Gary A Shiffman, Gary A Shiffman, John Bandini Mclaren, Karen Dearing, Marc Farrugia and Stephanie W Bergeron.
View institutional ownership trends
.

How do I buy shares of Sun Communities?

Shares of SUI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SUI) was last updated on 4/23/2024 by MarketBeat.com Staff

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