Sun Communities (SUI) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $120.57 to $124.81
• 50-Day Range: $119.89 to $139.10
• 52-Week Range: $110.98 to $147.83
• Volume: 2.22 million shs
• Average Volume: 837,805 shs
• Market Capitalization: $15.76 billion
• P/E Ratio: 66.49
• Dividend Yield: 3.04%
• Price Target: $137.08
• Consensus Rating: Hold

Sun Communities Stock Analysis - MarketRank™

Sun Communities scored higher than 93% of companies evaluated by MarketBeat, and ranked 90th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Sun Communities has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 5 buy ratings, 8 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Sun Communities has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 3.69%

Earnings Growth

Earnings for Sun Communities are expected to grow by 3.69% in the coming year, from $6.78 to $7.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sun Communities is 66.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sun Communities is 66.49, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Price to Earnings Growth Ratio

Sun Communities has a PEG Ratio of 0.51. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Sun Communities has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.42% of the outstanding shares of Sun Communities have been sold short.

Short Interest Ratio / Days to Cover

Sun Communities has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sun Communities has recently decreased by 3.72%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Sun Communities pays a meaningful dividend of 3.12%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Sun Communities does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sun Communities is 202.15%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Sun Communities will have a dividend payout ratio of 53.49% next year. This indicates that Sun Communities will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -2.58

Percentage of Shares Shorted

1.42% of the outstanding shares of Sun Communities have been sold short.

Short Interest Ratio / Days to Cover

Sun Communities has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sun Communities has recently decreased by 3.72%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.27

News Sentiment

Sun Communities has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 29 news articles for Sun Communities this week, compared to 8 articles on an average week.

Search Interest

9 people have searched for SUI on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Sun Communities to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sun Communities insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.89% of the stock of Sun Communities is held by insiders.

Percentage Held by Institutions

99.59% of the stock of Sun Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SUI Stock Analysis - Frequently Asked Questions

How have SUI shares performed this year?

Sun Communities' stock was trading at $133.65 at the start of the year. Since then, SUI shares have decreased by 7.5% and is now trading at $123.68.
View the best growth stocks for 2024 here.

How were Sun Communities' earnings last quarter?

Sun Communities, Inc. (NYSE:SUI) released its quarterly earnings data on Wednesday, November, 6th. The real estate investment trust reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.51 by $0.20. The firm's revenue for the quarter was down 4.4% on a year-over-year basis.

Who are Sun Communities' major shareholders?

Top institutional investors of Sun Communities include FMR LLC (4.11%), State Street Corp (3.92%), Massachusetts Financial Services Co. MA (2.37%) and Principal Financial Group Inc. (1.95%). Insiders that own company stock include John Bandini Mclaren, Baxter Underwood, Clunet R Lewis, Bruce Thelen, Marc Farrugia and Craig Leupold.
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.

What other stocks do shareholders of Sun Communities own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sun Communities investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Walmart (WMT), Broadcom (AVGO) and Exxon Mobil (XOM).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 11/06/2024
• Today: 12/22/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Residential REITs
• Current Symbol: NYSE:SUI
• CUSIP: 86667410
• CIK: 912593
• Web: www.suncommunities.com
• Phone: (248) 208-2500
• Fax: 248-932-3072
• Employees: 6,780
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $137.08
• High Stock Price Target: $160.00
• Low Stock Price Target: $114.00
• Potential Upside/Downside: +10.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.86
• Trailing P/E Ratio: 66.49
• Forward P/E Ratio: 18.24
• P/E Growth: 0.51
• Net Income: $-201,000,000.00
• Net Margins: 7.46%
• Pretax Margin: 3.62%
• Return on Equity: 3.21%
• Return on Assets: 1.40%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 1.61
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: $3.18 billion
• Price / Sales: 4.95
• Cash Flow: $6.49 per share
• Price / Cash Flow: 19.06
• Book Value: $59.74 per share
• Price / Book: 2.07

Miscellaneous

• Outstanding Shares: 127,390,000
• Free Float: 124,982,000
• Market Cap: $15.76 billion
• Optionable: Optionable
• Beta: 0.88