The stock of Sun Communities Inc (NYSE:SUI) is a huge mover today! The stock decreased 2.62% or $2 on October 5, hitting $74.46. Sun Communities Inc (NYSE:SUI) has risen 11.26% since March 2, 2016 and is uptrending. It has outperformed by 3.01% the S&P500.
The move comes after 8 months negative chart setup for the $5.22 billion company. It was reported on Oct, 6 by Barchart.com. We have $70.74 PT which if reached, will make NYSE:SUI worth $261.00 million less.
Analysts await Sun Communities Inc (NYSE:SUI) to report earnings on October, 25. They expect $1.07 EPS, up 1.90% or $0.02 from last year’s $1.05 per share. SUI’s profit will be $75.01M for 17.40 P/E if the $1.07 EPS becomes a reality. After $0.85 actual EPS reported by Sun Communities Inc for the previous quarter, Wall Street now forecasts 25.88% EPS growth.
Sun Communities Inc (NYSE:SUI) Ratings Coverage
Out of 2 analysts covering Sun Communities (NYSE:SUI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sun Communities has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, September 12 by Citigroup. The stock of Sun Communities Inc (NYSE:SUI) has “Sell” rating given on Wednesday, August 12 by Zacks. The rating was upgraded by Robert W. Baird to “Outperform” on Wednesday, March 30.
According to Zacks Investment Research, “Sun Communities, Inc. owns, operates & finances manufactured housing communities concentrated in the midwestern & southeastern US. The Company is a fully integrated real estate company which, together with its affiliates and predecessors, has been in the business of acquiring, operating & expanding manufactured housing communities since 1975. The Company owns & manages a portfolio of properties located in twelve states, including manufactured housing communities, recreational vehicle communities, & properties containing both manufactured housing & recreational vehicle sites.”
Insitutional Activity: The institutional sentiment decreased to 1.41 in Q2 2016. Its down 0.52, from 1.93 in 2016Q1. The ratio dropped, as 28 funds sold all Sun Communities Inc shares owned while 66 reduced positions. 45 funds bought stakes while 88 increased positions. They now own 63.98 million shares or 3.47% more from 61.84 million shares in 2016Q1.
Advisory, a Georgia-based fund reported 40 shares. Nuveen Asset Mngmt Lc has invested 0.37% of its portfolio in Sun Communities Inc (NYSE:SUI). Moreover, Commercial Bank Of New York Mellon has 0.01% invested in Sun Communities Inc (NYSE:SUI) for 347,121 shares. Regions Financial accumulated 0% or 3,178 shares. Cornerstone Real Advisers Lc accumulated 95,110 shares or 2.41% of the stock. The Minnesota-based Walleye Trading Lc has invested 0.01% in Sun Communities Inc (NYSE:SUI). M&T Bank & Trust Corporation has 0.01% invested in the company for 18,106 shares. The Florida-based Ladenburg Thalmann Financial Services Inc has invested 0% in Sun Communities Inc (NYSE:SUI). Allianz Asset Mngmt Ag reported 256,811 shares or 0.01% of all its holdings. Eii Capital Management last reported 0.48% of its portfolio in the stock. Thompson Davis And accumulated 0% or 34 shares. Virginia Retirement System Et Al last reported 0.01% of its portfolio in the stock. California Pub Employees Retirement Sys accumulated 0.02% or 128,300 shares. Northern holds 554,229 shares or 0.01% of its portfolio. Neuberger Berman reported 187,278 shares or 0.02% of all its holdings.
Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 3 sales for $2.19 million net activity. $1.63M worth of Sun Communities Inc (NYSE:SUI) was sold by SHIFFMAN GARY A on Wednesday, June 29. LEWIS CLUNET R sold $140,688 worth of Sun Communities Inc (NYSE:SUI) on Wednesday, August 3. LAPIDES PAUL D also sold $418,045 worth of Sun Communities Inc (NYSE:SUI) shares.
Another recent and important Sun Communities Inc (NYSE:SUI) news was published by Wsj.com which published an article titled: “Sun Communities Reaches $1.68 Billion Deal for Fellow REIT Carefree” on March 22, 2016.
SUI Company Profile
Sun Communities, Inc., incorporated on July 23, 1993, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through two divisions: Real Property Operations, and Home Sales and Rentals. The Firm has regional property management offices located in Austin, Texas; San Antonio, Texas; Dayton, Ohio; Grand Rapids, Michigan; Elkhart, Indiana; Indianapolis, Indiana; Traverse City, Michigan; Charlotte, North Carolina; Denver, Colorado; Ft. Myers, Florida, and Orlando, Florida. The Firm owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) communities throughout the United States. The Firm has a portfolio of approximately 230 properties located in over 30 states throughout the United States, including 180 MH communities, approximately 40 RV communities and over 10 properties containing both MH and RV sites. The properties contain an aggregate of approximately 88,610 developed sites consisting of over 69,680 developed MH sites, approximately 9,560 annual RV sites (inclusive of both annual and seasonal usage rights), over 9,370 transient RV sites, and approximately 7,180 additional MH and RV sites suitable for development. Approximately 110 properties have over 300 developed sites, with approximately 1,110 developed manufactured home sites.
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