Sun Communities, Inc. (NYSE:SUI) Set to Announce Quarterly Earnings on Wednesday
Sun Communities, Inc. (NYSE:SUI) will release its earnings data after the market closes on Wednesday, July 26th. Analysts expect Sun Communities to post earnings of $0.19 per share for the quarter. Sun Communities has set its Q2 guidance at $0.93-0.95 EPS and its FY17 guidance at $4.16-4.24 EPS.
Sun Communities (NYSE:SUI) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.03. The business had revenue of $234.40 million for the quarter, compared to analysts’ expectations of $194.89 million. Sun Communities had a return on equity of 1.80% and a net margin of 4.65%. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. On average, analysts expect Sun Communities to post $1.08 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.
Sun Communities, Inc. (SUI) opened at 88.47 on Wednesday. The firm has a market capitalization of $6.53 billion, a PE ratio of 202.45 and a beta of 0.29. Sun Communities, Inc. has a one year low of $69.90 and a one year high of $91.37. The stock’s 50 day moving average price is $87.68 and its 200 day moving average price is $81.90.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, June 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.03%. Sun Communities’s dividend payout ratio (DPR) is 638.11%.
COPYRIGHT VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/19/sun-communities-inc-nysesui-set-to-announce-quarterly-earnings-on-wednesday.html.
A number of research analysts have recently weighed in on SUI shares. Zacks Investment Research raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Saturday, June 17th. BidaskClub cut shares of Sun Communities from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Royal Bank Of Canada reissued a “buy” rating and set a $92.00 price objective on shares of Sun Communities in a research note on Sunday. Finally, Bank of America Corporation raised shares of Sun Communities from an “underperform” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Monday, May 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $90.17.
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).
Receive News & Ratings for Sun Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.