ValuEngine lowered shares of Sun Communities (NYSE:SUI) from a buy rating to a hold rating in a report published on Tuesday.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Sun Communities from a sell rating to a hold rating in a report on Thursday, November 2nd. BMO Capital Markets restated a buy rating and issued a $96.00 target price on shares of Sun Communities in a report on Monday, October 23rd. Evercore ISI upgraded shares of Sun Communities from an in-line rating to an outperform rating and set a $86.00 target price on the stock in a report on Monday, December 4th. Robert W. Baird restated a buy rating and issued a $95.00 target price on shares of Sun Communities in a report on Friday, September 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Sun Communities from $95.00 to $96.00 and gave the stock an outperform rating in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $92.29.

Shares of Sun Communities (NYSE:SUI) opened at $95.60 on Tuesday. The stock has a market cap of $7,590.00, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.61 and a beta of 0.27. Sun Communities has a fifty-two week low of $72.51 and a fifty-two week high of $95.81.

Sun Communities (NYSE:SUI) last announced its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.79. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. The company had revenue of $268.20 million for the quarter, compared to the consensus estimate of $239.45 million. During the same period in the previous year, the firm posted $1.13 EPS. equities analysts expect that Sun Communities will post 4.16 EPS for the current year.

In related news, EVP Jonathan Colman sold 2,000 shares of Sun Communities stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $93.21, for a total transaction of $186,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clunet R. Lewis sold 1,292 shares of Sun Communities stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $86.52, for a total transaction of $111,783.84. Following the transaction, the director now directly owns 18,800 shares of the company’s stock, valued at $1,626,576. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,584 shares of company stock valued at $1,010,694. 4.15% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in SUI. Bank of New York Mellon Corp boosted its position in Sun Communities by 303.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,532,663 shares of the real estate investment trust’s stock valued at $134,399,000 after buying an additional 1,152,596 shares during the period. Vanguard Group Inc. boosted its position in Sun Communities by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 11,504,907 shares of the real estate investment trust’s stock valued at $1,008,865,000 after buying an additional 983,835 shares during the period. Janus Henderson Group PLC purchased a new stake in Sun Communities in the 2nd quarter valued at about $70,725,000. Renaissance Technologies LLC boosted its position in Sun Communities by 305.2% in the 2nd quarter. Renaissance Technologies LLC now owns 676,700 shares of the real estate investment trust’s stock valued at $59,340,000 after buying an additional 509,700 shares during the period. Finally, BlackRock Inc. boosted its position in Sun Communities by 9.7% in the 2nd quarter. BlackRock Inc. now owns 5,132,844 shares of the real estate investment trust’s stock valued at $450,100,000 after buying an additional 454,187 shares during the period. 93.62% of the stock is owned by hedge funds and other institutional investors.

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Sun Communities Company Profile

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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Analyst Recommendations for Sun Communities (NYSE:SUI)

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