Somewhat Favorable News Coverage Likely to Impact Sun Communities (SUI) Share Price
News coverage about Sun Communities (NYSE:SUI) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sun Communities earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 79 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Sun Communities’ (NYSE:SUI) Buy Rating Reaffirmed at Royal Bank Of Canada (americanbankingnews.com)
- ETFs with exposure to Sun Communities, Inc. : July 14, 2017 (finance.yahoo.com)
- Sun Communities, Inc. (SUI) Ownership Up in Latest Report from Gw&k Investment Management, LLC (highlightpress.com)
- Sun Communities, Inc. (NYSE:SUI) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
Shares of Sun Communities (NYSE:SUI) traded up 1.47% on Friday, hitting $86.99. The stock had a trading volume of 381,518 shares. The company has a 50 day moving average price of $87.68 and a 200-day moving average price of $81.90. Sun Communities has a 12 month low of $69.90 and a 12 month high of $91.37. The stock has a market cap of $6.87 billion, a PE ratio of 207.12 and a beta of 0.29.
Sun Communities (NYSE:SUI) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The firm had revenue of $234.40 million for the quarter, compared to analysts’ expectations of $194.89 million. Sun Communities had a net margin of 4.65% and a return on equity of 1.80%. The business’s revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. On average, equities research analysts anticipate that Sun Communities will post $1.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, June 28th. Sun Communities’s dividend payout ratio is 638.11%.
A number of equities research analysts have weighed in on SUI shares. Zacks Investment Research downgraded Sun Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Bank of America Corporation upgraded Sun Communities from an “underperform” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday, May 22nd. Royal Bank Of Canada started coverage on Sun Communities in a research report on Thursday, June 1st. They set an “outperform” rating and a $92.00 price target on the stock. Finally, BidaskClub upgraded Sun Communities from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.17.
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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