Shares of Sun Communities, Inc. (NYSE:SUI – Get Free Report) gapped down before the market opened on Thursday after Baird R W downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $131.76, but opened at $119.21. Sun Communities shares last traded at $121.99, with a volume of 1,216,545 shares traded.
SUI has been the subject of several other research reports. StockNews.com lowered shares of Sun Communities from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Truist Financial increased their target price on shares of Sun Communities from $127.00 to $138.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Wells Fargo & Company increased their target price on shares of Sun Communities from $123.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 19th. Robert W. Baird lowered shares of Sun Communities from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $145.00 to $126.00 in a research note on Thursday. Finally, Evercore ISI increased their target price on shares of Sun Communities from $149.00 to $150.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.82.
Read Our Latest Stock Analysis on SUI
Institutional Trading of Sun Communities
Sun Communities Price Performance
The company has a market capitalization of $15.63 billion, a PE ratio of 67.42, a price-to-earnings-growth ratio of 0.96 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50 day simple moving average is $135.32 and its 200 day simple moving average is $126.80.
Sun Communities Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.94 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.76 annualized dividend and a yield of 3.00%. Sun Communities’s dividend payout ratio is currently 202.15%.
Sun Communities Company Profile
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.
See Also
- Five stocks we like better than Sun Communities
- What Makes a Stock a Good Dividend Stock?
- Dot Ai IPO: CEO Ed Nabrotzky Shares Vision for Logistics Future
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut
- Insider Trades May Not Tell You What You Think
- The Top 5 Performing S&P 500 Stocks YTD in 2024
Receive News & Ratings for Sun Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities and related companies with MarketBeat.com's FREE daily email newsletter.