Sun Communities, Inc. (NYSE:SUI) is scheduled to issue its Q3 2017 quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Sun Communities has set its Q3 guidance at $1.11-1.14 EPS.

Sun Communities (NYSE:SUI) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $237.90 million for the quarter, compared to the consensus estimate of $210.58 million. Sun Communities had a net margin of 6.82% and a return on equity of 2.59%. The firm’s revenue was up 24.7% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. On average, analysts expect Sun Communities to post $4.16 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.

Shares of Sun Communities, Inc. (NYSE SUI) opened at 89.44 on Monday. Sun Communities, Inc. has a 12 month low of $69.90 and a 12 month high of $91.87. The firm’s 50-day moving average price is $88.18 and its 200 day moving average price is $87.24. The company has a market cap of $7.07 billion, a PE ratio of 127.95 and a beta of 0.30.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, September 28th. Sun Communities’s dividend payout ratio is currently 382.86%.

In related news, EVP Jonathan Colman sold 3,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $85.44, for a total transaction of $256,320.00. Following the completion of the transaction, the executive vice president now owns 33,985 shares in the company, valued at $2,903,678.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Clunet R. Lewis sold 1,292 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $86.52, for a total transaction of $111,783.84. Following the transaction, the director now owns 18,800 shares of the company’s stock, valued at approximately $1,626,576. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,984 shares of company stock valued at $1,301,796. Insiders own 4.15% of the company’s stock.

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A number of analysts have recently weighed in on SUI shares. BidaskClub lowered Sun Communities from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 price objective on shares of Sun Communities in a research report on Sunday, July 16th. Zacks Investment Research lowered Sun Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Robert W. Baird reaffirmed a “buy” rating and set a $95.00 price objective on shares of Sun Communities in a research report on Friday, September 8th. Finally, BMO Capital Markets initiated coverage on shares of Sun Communities in a research note on Monday, October 9th. They set an “outperform” rating and a $96.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.71.

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).

Earnings History for Sun Communities (NYSE:SUI)

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