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

Several other equities research analysts also recently issued reports on SUI. ValuEngine downgraded Sun Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Evercore ISI raised Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Monday, December 4th. Zacks Investment Research downgraded Sun Communities from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Royal Bank of Canada lifted their target price on 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 set a $96.00 target price on shares of Sun Communities in a research report on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $93.57.

Shares of Sun Communities (NYSE:SUI) opened at $83.96 on Wednesday. The stock has a market capitalization of $6,696.51, a PE ratio of 113.46, a PEG ratio of 2.95 and a beta of 0.15. Sun Communities has a 1 year low of $78.78 and a 1 year high of $96.08.

A number of hedge funds have recently added to or reduced their stakes in SUI. Whitnell & Co. acquired a new stake in Sun Communities during the third quarter worth about $139,000. The Manufacturers Life Insurance Company grew its position in Sun Communities by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 2,299 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 178 shares in the last quarter. Shelton Capital Management acquired a new stake in Sun Communities during the fourth quarter worth about $204,000. M&T Bank Corp acquired a new stake in Sun Communities during the fourth quarter worth about $209,000. Finally, Moody Aldrich Partners LLC acquired a new stake in Sun Communities during the fourth quarter worth about $212,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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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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