Sun Communities (NYSE:SUI) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday.

SUI has been the topic of several other research reports. Zacks Investment Research downgraded Sun Communities from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Royal Bank of Canada upped their price objective on Sun Communities from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Evercore ISI raised Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Monday, December 4th. ValuEngine downgraded Sun Communities from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $96.00 price objective on shares of Sun Communities in a report on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $94.29.

Sun Communities (NYSE SUI) opened at $90.56 on Friday. Sun Communities has a 1-year low of $75.80 and a 1-year high of $96.08. The stock has a market capitalization of $7,280.47, a price-to-earnings ratio of 122.38, a price-to-earnings-growth ratio of 3.20 and a beta of 0.27.

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

In other news, EVP Jonathan Colman sold 2,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $93.21, for a total value of $186,420.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.15% of the company’s stock.

Several hedge funds have recently bought and sold shares of SUI. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 983,835 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Sun Communities in the 2nd quarter valued at $70,725,000. Renaissance Technologies LLC lifted its stake in shares of 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 purchasing an additional 509,700 shares during the period. BlackRock Inc. lifted its stake in shares of 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 purchasing an additional 454,187 shares during the period. Finally, Capital Growth Management LP bought a new stake in shares of Sun Communities in the 2nd quarter valued at $25,430,000. 93.58% of the stock is currently owned by 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).

Analyst Recommendations for Sun Communities (NYSE:SUI)

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