Sun Communities (SUI) to Release Earnings on Tuesday

Sun Communities (NYSE:SUI - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $724.68 million for the quarter.

Sun Communities Price Performance

NYSE SUI traded down $1.50 on Friday, reaching $125.11. 636,495 shares of the stock traded hands, compared to its average volume of 774,093. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 67.27 and a beta of 0.90. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. The firm's fifty day simple moving average is $124.26 and its 200 day simple moving average is $129.64. Sun Communities has a 12 month low of $110.98 and a 12 month high of $147.83.

Sun Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.94 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.01%. Sun Communities's payout ratio is currently 202.15%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SUI shares. Royal Bank of Canada reduced their target price on Sun Communities from $147.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. UBS Group lowered Sun Communities from a "buy" rating to a "neutral" rating and reduced their target price for the company from $155.00 to $134.00 in a report on Thursday, November 14th. Robert W. Baird lowered Sun Communities from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $145.00 to $126.00 in a report on Thursday, November 7th. Jefferies Financial Group cut their price objective on Sun Communities from $145.00 to $142.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, StockNews.com lowered Sun Communities from a "hold" rating to a "sell" rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $134.55.

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.