Sun Communities (SUI) to Release Earnings on Wednesday

Sun Communities (NYSE:SUI - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Sun Communities to post earnings of $2.52 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Sun Communities Trading Up 1.2 %

SUI traded up $1.63 during trading hours on Wednesday, reaching $132.88. The company's stock had a trading volume of 259,789 shares, compared to its average volume of 804,685. The stock has a market cap of $16.57 billion, a PE ratio of 113.15, a P/E/G ratio of 0.98 and a beta of 0.91. Sun Communities has a fifty-two week low of $108.87 and a fifty-two week high of $147.83. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 1.42. The business's 50-day moving average is $135.82 and its 200-day moving average is $126.27.

Sun Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Monday, September 30th. Sun Communities's dividend payout ratio (DPR) is presently 324.14%.

Insider Buying and Selling

In related news, CEO Baxter Underwood sold 3,000 shares of the business's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $131.43, for a total transaction of $394,290.00. Following the completion of the sale, the chief executive officer now owns 63,462 shares in the company, valued at $8,340,810.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SUI. Robert W. Baird increased their price objective on shares of Sun Communities from $144.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 3rd. UBS Group raised Sun Communities to a "strong-buy" rating in a research report on Thursday, October 10th. Truist Financial lifted their target price on Sun Communities from $127.00 to $138.00 and gave the company a "hold" rating in a research report on Tuesday, August 13th. Jefferies Financial Group started coverage on Sun Communities in a research report on Thursday, October 17th. They issued a "buy" rating and a $160.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on Sun Communities from $123.00 to $154.00 and gave the company an "equal weight" rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $143.91.

Sun Communities Company Profile

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.