Sun Communities (NYSE:SUI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other research firms have also commented on SUI. Evercore ISI raised Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Monday. Robert W. Baird reaffirmed a “buy” rating and issued a $95.00 price target on shares of Sun Communities in a report on Friday, September 8th. Zacks Investment Research raised Sun Communities from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada raised their price target on Sun Communities from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $96.00 price target on shares of Sun Communities in a report on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $92.29.

Sun Communities (SUI) traded down $0.95 during trading on Tuesday, hitting $94.07. The stock had a trading volume of 264,199 shares, compared to its average volume of 357,356. Sun Communities has a 52-week low of $71.50 and a 52-week high of $95.44. The company has a market capitalization of $7,460.00, a price-to-earnings ratio of 22.86, a P/E/G ratio of 3.58 and a beta of 0.27.

Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.79. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. The firm had revenue of $268.20 million during the quarter, compared to analyst estimates of $239.45 million. During the same period last year, the company earned $1.13 earnings per share. research analysts anticipate that Sun Communities will post 4.16 earnings per share for the current year.

In related news, Director Clunet R. Lewis sold 1,292 shares of Sun Communities 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 completion of the sale, the director now owns 18,800 shares of the company’s stock, valued at $1,626,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Clunet R. Lewis sold 5,292 shares of Sun Communities stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $86.20, for a total value of $456,170.40. Following the sale, the director now directly owns 18,800 shares of the company’s stock, valued at approximately $1,620,560. The disclosure for this sale can be found here. Insiders have sold 11,584 shares of company stock valued at $1,010,694 in the last three months. 4.15% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Sun Communities by 3,458.3% during the first quarter. BlackRock Inc. now owns 4,678,657 shares of the real estate investment trust’s stock worth $375,838,000 after purchasing an additional 4,547,170 shares during the last quarter. Centerbridge Partners L.P. bought a new stake in Sun Communities during the second quarter worth about $255,202,000. Bank of New York Mellon Corp lifted its stake in Sun Communities by 303.3% during the second quarter. Bank of New York Mellon Corp now owns 1,532,663 shares of the real estate investment trust’s stock worth $134,399,000 after purchasing an additional 1,152,596 shares during the last quarter. Vanguard Group Inc. lifted its stake in Sun Communities by 9.4% during the second quarter. Vanguard Group Inc. now owns 11,504,907 shares of the real estate investment trust’s stock worth $1,008,865,000 after purchasing an additional 983,835 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Sun Communities during the second quarter worth about $70,725,000. 93.62% of the stock is owned by institutional investors.

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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).

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Analyst Recommendations for Sun Communities (NYSE:SUI)

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