Sun Communities Inc (NYSE:SUI) issued its quarterly earnings data on Monday. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.79, Bloomberg Earnings reports. Sun Communities had a return on equity of 3.59% and a net margin of 10.80%. The firm had revenue of $268.20 million during the quarter, compared to the consensus estimate of $239.45 million. During the same quarter in the previous year, the company posted $1.13 EPS. Sun Communities updated its Q4 guidance to $0.96-0.99 EPS.

Sun Communities (NYSE:SUI) traded up 1.27% on Tuesday, reaching $89.91. The company’s stock had a trading volume of 695,753 shares. The firm’s 50-day moving average price is $88.17 and its 200-day moving average price is $87.44. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 128.63 and a beta of 0.30. Sun Communities has a 52-week low of $69.90 and a 52-week high of $91.87.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.98%. Sun Communities’s dividend payout ratio (DPR) is presently 382.86%.

Several equities analysts have issued reports on SUI shares. BidaskClub downgraded Sun Communities from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $92.00 price objective on shares of Sun Communities in a research report on Sunday, July 16th. Zacks Investment Research downgraded Sun Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Robert W. Baird reissued a “buy” rating and issued a $95.00 target price on shares of Sun Communities in a research note on Friday, September 8th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $96.00 target price on shares of Sun Communities in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $91.71.

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In other Sun Communities news, Director Clunet R. Lewis sold 5,292 shares of Sun Communities stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $86.20, for a total transaction of $456,170.40. Following the transaction, the director now owns 18,800 shares of the company’s stock, valued at approximately $1,620,560. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John Bandini Mclaren sold 5,400 shares of Sun Communities stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $88.43, for a total transaction of $477,522.00. Following the transaction, the chief operating officer now directly owns 153,159 shares in the company, valued at approximately $13,543,850.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,984 shares of company stock valued at $1,301,796. 4.15% of the stock is currently owned by company insiders.

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).

Earnings History for Sun Communities (NYSE:SUI)

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