Sun Communities (NYSE:SUI – Get Rating) is expected to release its quarterly results after market close on Monday, July 25. Analysts expect Sun Communities to post earnings of $2.01 per share for the quarter. Sun Communities has set its guidance for Q2 2022 at $1,970 – $2,010 EPS and its guidance for fiscal 2022 at $7,200 – $7,320 EPS. Parties wishing to register for the company’s conference call may do so using this link.
Sun Communities (NYSE:SUI – Get Rating) last released its quarterly results on Monday, April 25. The real estate investment trust reported EPS of $0.01 for the quarter, missing analyst consensus estimates of $0.07 per ($0.06). Sun Communities had a return on equity of 5.09% and a net margin of 14.97%. In the same quarter a year earlier, the company had earned earnings per share of $1.26. On average, analysts expect Sun Communities to post EPS of $7 for the current fiscal year and EPS of $8 for the next fiscal year.
Sun communities source 0.6%
NYSE: SUI opened at $160.52 on Monday. Sun Communities has a 1 year minimum of $148.64 and a 1 year maximum of $211.79. The company has a 50-day moving average of $159.50 and a 200-day moving average of $175.88. The company has a market capitalization of $19.52 billion, a PE ratio of 51.78, a growth price-earnings ratio of 2.48 and a beta of 0.62. The company has a debt ratio of 0.88, a current ratio of 3.40 and a quick ratio of 3.40.
Sun Communities Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Investors of record on Thursday, June 30 received a dividend of $0.88. This represents a dividend of $3.52 on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, June 29. Sun Communities’ dividend payout ratio (DPR) is currently 113.55%.
Analyst upgrades and downgrades
Several analysts have commented on the title. BMO Capital Markets cut its price target on Sun Communities shares from $202.00 to $185.00 and set a “buy” rating for the company in a Friday, July 1 research report. Barclays lowered its price target on Sun Communities shares from $230.00 to $210.00 and set an “overweight” rating for the company in a Friday, July 1 research report. Truist Financial began covering shares of Sun Communities in a Tuesday, May 10, report. They issued a “buy” rating and a price target of $185.00 on the stock. JMP Securities began covering Sun Communities shares in a report on Wednesday, April 20. They issued an “outperform” rating and a price target of $220.00 on the stock. Finally, Robert W. Baird cut his price target on Sun Communities shares from $210.00 to $205.00 in a Wednesday, March 30 report. One investment analyst gave the stock a sell rating, one gave the company a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.25.
Insider buying and selling
Separately, director Clunet R. Lewis sold 4,400 shares of the company in a transaction dated Wednesday, June 15. The stock was sold at an average price of $153.39, for a total transaction of $674,916.00. Following completion of the transaction, the administrator now directly owns 26,400 shares of the company, valued at $4,049,496. The sale was disclosed in a filing with the SEC, accessible via this link. Separately, COO John Bandini Mclaren sold 11,500 shares of the company in a trade on Thursday, April 28. The stock was sold at an average price of $180.27, for a total transaction of $2,073,105.00. As a result of the transaction, the chief operating officer now owns 148,691 shares of the company, valued at $26,804,526.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, director Clunet R. Lewis sold 4,400 shares of the company in a trade on Wednesday, June 15. The shares were sold at an average price of $153.39, for a total value of $674,916.00. Following the completion of the sale, the administrator now owns 26,400 shares of the company, valued at $4,049,496. The disclosure of this sale can be found here. Company insiders own 2.25% of the company’s shares.
Hedge Funds Weigh on Sun Communities
Several large investors have recently increased or reduced their stake in SUI. Cetera Investment Advisers increased its stake in shares of Sun Communities by 1.9% in the first quarter. Cetera Investment Advisers now owns 3,453 shares of the real estate investment trust worth $605,000 after buying 64 more shares last quarter. Raymond James Trust NA increased its stake in Sun Communities by 21.1% during the 1st quarter. Raymond James Trust NA now owns 1,190 shares of the real estate investment trust worth $208,000 after buying 207 additional shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in Sun Communities shares by 16.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,821 shares of the real estate investment trust worth $319,000 after acquiring 252 additional shares in the last quarter. Ethic Inc. increased its position in Sun Communities shares by 30.5% in the 1st quarter. Ethic Inc. now owns 2,024 shares of the real estate investment trust worth $355,000 after acquiring 473 additional shares in the last quarter. Finally, United Capital Financial Advisers LLC increased its position in Sun Communities shares by 8.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 8,401 shares of the real estate investment trust worth $1,473,000 after acquiring 687 additional shares in the last quarter.
Sun Communities Company Profile
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Sun Communities, Inc. is a REIT that, as of March 31, 2022, owned, operated or had an interest in a portfolio of 603 developed MH, RV and marina properties comprising nearly 159,300 developed sites and over 45,700 wet locations and recreational areas. dry storage. in 39 states, Canada, Puerto Rico and the United Kingdom.
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