Sun Communities Receives New Coverage from Analysts at Citigroup Inc. (SUI)
Equities research analysts at Citigroup Inc. initiated coverage on shares of Sun Communities (NYSE:SUI) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Sun Communities (NYSE:SUI) traded up 1.00% during mid-day trading on Thursday, hitting $42.35. The stock had a trading volume of 181,994 shares. Sun Communities has a one year low of $36.15 and a one year high of $57.78. The stock has a 50-day moving average of $43.93 and a 200-day moving average of $48.43. The company has a market cap of $1.529 billion and a P/E ratio of 285.24.
Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.02. The company had revenue of $100.15 million for the quarter, compared to the consensus estimate of $92.16 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts expect that Sun Communities will post $3.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 18th. Investors of record on Monday, September 30th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Thursday, September 26th.
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (NYSE:SUI).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.