Sun Communities (SUI) Getting Somewhat Positive Press Coverage, Analysis Shows

Media headlines about Sun Communities (NYSE:SUI) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sun Communities earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.2273947890277 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Sun Communities opened at $96.50 on Friday, according to MarketBeat. Sun Communities has a 1 year low of $80.12 and a 1 year high of $98.99. The company has a market cap of $7.64 billion, a P/E ratio of 23.14, a P/E/G ratio of 3.34 and a beta of 0.12.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Monday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.76). Sun Communities had a return on equity of 3.16% and a net margin of 8.49%. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $242.51 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. Sun Communities’s revenue was up 10.9% compared to the same quarter last year. analysts predict that Sun Communities will post 4.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $2.84 annualized dividend and a yield of 2.94%. Sun Communities’s payout ratio is 68.11%.

A number of equities analysts recently weighed in on the company. ValuEngine cut Sun Communities from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. Wells Fargo & Co raised their price target on Sun Communities from $94.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 29th. TheStreet upgraded Sun Communities from a “c+” rating to a “b-” rating in a research report on Monday, April 23rd. Robert W. Baird set a $97.00 price target on Sun Communities and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Finally, Zacks Investment Research lowered Sun Communities from a “buy” rating to a “hold” rating and set a $102.00 price target on the stock. in a research report on Thursday, April 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $96.17.

Sun Communities Company Profile

Insider Buying and Selling by Quarter for Sun Communities (NYSE:SUI)

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