Sun Communities (NYSE:SUI - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $724.68 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.
Sun Communities Price Performance
Shares of SUI stock traded down $0.88 during mid-day trading on Friday, hitting $125.84. 571,786 shares of the stock traded hands, compared to its average volume of 617,055. Sun Communities has a twelve month low of $110.98 and a twelve month high of $147.83. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 67.66 and a beta of 0.90. The company's 50-day simple moving average is $124.56 and its 200-day simple moving average is $129.46. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 1.61.
Sun Communities Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Tuesday, December 31st. Sun Communities's dividend payout ratio (DPR) is presently 202.15%.
Wall Street Analyst Weigh In
SUI has been the subject of several research reports. Royal Bank of Canada reduced their price objective on Sun Communities from $147.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Robert W. Baird downgraded Sun Communities from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $145.00 to $126.00 in a research note on Thursday, November 7th. Baird R W downgraded Sun Communities from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. StockNews.com cut Sun Communities from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group reduced their price target on Sun Communities from $145.00 to $142.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sun Communities presently has an average rating of "Hold" and a consensus target price of $134.55.
View Our Latest Analysis on SUI
About Sun Communities
(
Get Free Report)
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.
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