Sun Communities (NYSE:SUI) Stock Rating Lowered by Baird R W

Sun Communities (NYSE:SUI) was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on SUI. Royal Bank of Canada lowered their price target on Sun Communities from $147.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday. BMO Capital Markets lowered their target price on Sun Communities from $145.00 to $138.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group upgraded shares of Sun Communities to a “strong-buy” rating in a research note on Thursday, October 10th. Truist Financial lifted their price target on shares of Sun Communities from $127.00 to $138.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company increased their price objective on shares of Sun Communities from $123.00 to $154.00 and gave the company an “equal weight” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $141.82.

Sun Communities Stock Up 1.8 %

Shares of NYSE SUI opened at $125.40 on Thursday. The stock has a market capitalization of $15.63 billion, a P/E ratio of 67.42, a PEG ratio of 0.96 and a beta of 0.91. The stock’s fifty day moving average is $135.32 and its 200 day moving average is $126.80. Sun Communities has a 52 week low of $110.98 and a 52 week high of $147.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.42 and a current ratio of 1.42.

Institutional Trading of Sun Communities

Several large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Sun Communities by 22.6% during the third quarter. Advisors Asset Management Inc. now owns 13,677 shares of the real estate investment trust’s stock valued at $1,848,000 after acquiring an additional 2,521 shares during the last quarter. Avior Wealth Management LLC grew its position in Sun Communities by 3.0% during the third quarter. Avior Wealth Management LLC now owns 4,328 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 125 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Sun Communities in the third quarter valued at about $390,000. Napa Wealth Management bought a new position in shares of Sun Communities during the 3rd quarter valued at approximately $255,000. Finally, AMG National Trust Bank bought a new stake in shares of Sun Communities in the 3rd quarter worth approximately $1,690,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.

About Sun Communities

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.