Robert W. Baird restated their buy rating on shares of Sun Communities (NYSE:SUI) in a research report sent to investors on Monday morning. They currently have a $100.00 price target on the real estate investment trust’s stock.

Several other analysts also recently commented on the stock. ValuEngine downgraded shares of Sun Communities from a buy rating to a hold rating in a research report on Tuesday, December 5th. Evercore ISI raised shares of Sun Communities from an in-line rating to an outperform rating and set a $86.00 target price for the company in a research report on Monday, December 4th. Zacks Investment Research raised shares of Sun Communities from a sell rating to a hold rating in a research report on Thursday, November 2nd. 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 research report on Thursday, October 26th. Finally, BMO Capital Markets reissued a buy rating and issued a $96.00 target price on shares of Sun Communities in a research report on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $93.00.

Shares of Sun Communities (SUI) opened at $95.47 on Monday. The company has a market cap of $7,585.15, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 3.65 and a beta of 0.27. Sun Communities has a 1 year low of $72.51 and a 1 year high of $95.83.

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

In related news, Director Clunet R. Lewis sold 5,292 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $86.20, for a total transaction of $456,170.40. Following the completion of the transaction, the director now directly owns 18,800 shares in the company, valued at approximately $1,620,560. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Clunet R. Lewis sold 1,292 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $86.52, for a total transaction of $111,783.84. Following the transaction, the director now owns 18,800 shares of the company’s stock, valued at $1,626,576. The disclosure for this sale can be found here. Insiders sold 11,584 shares of company stock valued at $1,010,694 over the last 90 days. 4.15% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Sun Communities by 105.2% during the 2nd quarter. US Bancorp DE now owns 1,473 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 755 shares during the last quarter. Whitnell & Co. acquired a new position in Sun Communities during the 3rd quarter valued at $139,000. Public Employees Retirement Association of Colorado raised its stake in Sun Communities by 6.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,255 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 133 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Sun Communities by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,299 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 178 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new position in Sun Communities during the 2nd quarter valued at $224,000. Hedge funds and other institutional investors own 93.62% of the company’s stock.

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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).

Analyst Recommendations for Sun Communities (NYSE:SUI)

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