Media stories about Sun Communities (NYSE:SUI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sun Communities earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.9534336865596 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Zacks Investment Research Lowers Sun Communities, Inc. (SUI) to Sell (americanbankingnews.com)
- Sun Communities, Inc. (NYSE:SUI) Set to Announce Quarterly Earnings on Wednesday (americanbankingnews.com)
- Sun Communities REIT: Income And Great Total Return Play (seekingalpha.com)
- Sun Communities, Inc. breached its 50 day moving average in a Bullish Manner : SUI-US : July 18, 2017 (finance.yahoo.com)
Several research analysts have weighed in on SUI shares. Zacks Investment Research upgraded Sun Communities from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Friday, June 23rd. BidaskClub downgraded Sun Communities from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Bank of America Corporation upgraded Sun Communities from an “underperform” rating to a “buy” rating and set a $93.00 price target for the company in a report on Monday, May 22nd. Finally, Royal Bank Of Canada started coverage on Sun Communities in a report on Thursday, June 1st. They issued an “outperform” rating and a $92.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $90.17.
Sun Communities (SUI) traded down 1.53% during mid-day trading on Tuesday, hitting $87.79. The stock had a trading volume of 407,377 shares. The firm’s 50-day moving average is $88.56 and its 200 day moving average is $83.40. Sun Communities has a one year low of $69.90 and a one year high of $91.37. The stock has a market cap of $6.48 billion, a PE ratio of 200.89 and a beta of 0.29.
Sun Communities (NYSE:SUI) last released its earnings results on Thursday, April 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. Sun Communities had a net margin of 4.65% and a return on equity of 1.80%. The company had revenue of $234.40 million during the quarter, compared to the consensus estimate of $194.89 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 34.2% compared to the same quarter last year. Equities research analysts expect that Sun Communities will post $1.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a $0.67 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.68 dividend on an annualized basis and a yield of 3.05%. Sun Communities’s payout ratio is 638.11%.
About Sun Communities
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).
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