Sun Communities Inc (NYSE:SUI) Director Clunet R. Lewis sold 2,200 shares of Sun Communities stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $87.84, for a total value of $193,248.00. Following the sale, the director now owns 19,400 shares in the company, valued at $1,704,096. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Sun Communities Inc (SUI) opened at $89.03 on Monday. The company has a market capitalization of $7,099.16, a P/E ratio of 104.74, a PEG ratio of 3.12 and a beta of 0.15. Sun Communities Inc has a 12-month low of $78.78 and a 12-month high of $96.08.
Sun Communities (NYSE:SUI) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The company had revenue of $242.00 million during the quarter, compared to analyst estimates of $207.51 million. Sun Communities had a return on equity of 1.13% and a net margin of 4.27%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. research analysts expect that Sun Communities Inc will post 4.52 earnings per share for the current year.
Several brokerages have recently commented on SUI. Robert W. Baird upgraded Sun Communities from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Sun Communities from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. BMO Capital Markets set a $97.00 target price on Sun Communities and gave the stock a “buy” rating in a research report on Wednesday, February 21st. ValuEngine lowered Sun Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Evercore ISI upgraded 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $93.71.
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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