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: $129.14 to $131.18
• 50-Day Range: $125.60 to $147.59
• 52-Week Range: $102.74 to $147.83
• Volume: 947,756 shs
• Average Volume: 1.29 million shs
• Market Capitalization: $16.17 billion
• P/E Ratio: 111.87
• Dividend Yield: 2.90%
• Price Target: $142.20
• Consensus Rating: Moderate Buy

Sun Communities Stock Analysis - MarketRank™

Sun Communities scored higher than 82% of companies evaluated by MarketBeat, and ranked 281st out of 948 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: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sun Communities has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sun Communities has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.22%

Earnings Growth

Earnings for Sun Communities are expected to grow by 5.22% in the coming year, from $7.09 to $7.46 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sun Communities is 111.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sun Communities is 111.87, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 38.09.

Price to Earnings Growth Ratio

Sun Communities has a PEG Ratio of 0.97. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Sun Communities has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.25% 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 5.6.

Change versus previous month

Short interest in Sun Communities has recently increased by 55.77%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Sun Communities pays a meaningful dividend of 2.82%, 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 324.14%. 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 50.40% 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

3.25% 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 5.6.

Change versus previous month

Short interest in Sun Communities has recently increased by 55.77%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.21

News Sentiment

Sun Communities has a news sentiment score of 0.21. 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 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Sun Communities this week, compared to 5 articles on an average week.

Search Interest

6 people have searched for SUI on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Sun Communities to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Sun Communities insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $394,290.00 in 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 2.9% and is now trading at $129.77.
View the best growth stocks for 2024 here.

How were Sun Communities' earnings last quarter?

Sun Communities, Inc. (NYSE:SUI) posted its quarterly earnings results on Wednesday, July, 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by $1.23. The business's revenue for the quarter was up 6.0% compared to the same quarter last year.

Who are Sun Communities' major shareholders?

Top institutional shareholders of Sun Communities include Handelsbanken Fonder AB (0.03%), SG Americas Securities LLC (0.01%), Park Avenue Securities LLC and Central Pacific Bank Trust Division. 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 Alibaba Group (BABA), NVIDIA (NVDA), Fortinet (FTNT), NextEra Energy (NEE), American Tower (AMT), Chipotle Mexican Grill (CMG) and Intel (INTC).

Company Calendar

• Last Earnings: 7/26/2023
• Ex-Dividend for 7/15 Dividend: 6/28/2024
• Dividend Payable: 7/15/2024
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Today: 10/06/2024
• Dividend Payable: 10/15/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

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: $142.20
• High Stock Price Target: $155.00
• Low Stock Price Target: $125.00
• Potential Upside/Downside: +9.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.16
• Trailing P/E Ratio: 111.87
• Forward P/E Ratio: 18.30
• P/E Growth: 0.97
• Net Income: $-201,000,000.00
• Net Margins: 3.49%
• Pretax Margin: 4.26%
• Return on Equity: 1.50%
• Return on Assets: 0.66%

Debt

• Debt-to-Equity Ratio: 1.09
• Current Ratio: 1.42
• Quick Ratio: 1.42

Sales & Book Value

• Annual Sales: $3.22 billion
• Price / Sales: 5.03
• Cash Flow: $6.25 per share
• Price / Cash Flow: 20.77
• Book Value: $59.74 per share
• Price / Book: 2.17

Miscellaneous

• Outstanding Shares: 124,634,000
• Free Float: 122,278,000
• Market Cap: $16.17 billion
• Optionable: Optionable
• Beta: 0.91