Key Points
- Director Gary Shiffman sold 156,875 shares on December 17 at an average price of $123.53, for a total of $19,378,768.75, according to an SEC filing.
- Sun Communities declared a quarterly dividend of $1.04 (annualized $4.16) with a record date of December 31 and payment on February 2, implying a ~3.4% yield.
- The REIT reported Q3 EPS of $2.28 (above estimates), provided FY2025 EPS guidance of 6.590–6.670 (consensus ~6.77), and carries a market cap of about $15.2B with a consensus analyst rating of "Hold" (target $137.42).
Sun Communities, Inc. (NYSE:SUI - Get Free Report) Director Gary Shiffman sold 156,875 shares of the firm's stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $123.53, for a total value of $19,378,768.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Sun Communities Price Performance
Shares of NYSE SUI opened at $122.86 on Friday. The company has a market capitalization of $15.19 billion, a PE ratio of 15.40, a PEG ratio of 4.30 and a beta of 0.92. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average price is $125.17 and its 200-day moving average price is $125.91. Sun Communities, Inc. has a twelve month low of $109.22 and a twelve month high of $137.77.
Sun Communities (NYSE:SUI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.10. Sun Communities had a negative return on equity of 4.53% and a net margin of 42.58%.The business had revenue of $697.20 million for the quarter, compared to analyst estimates of $713.32 million. During the same period last year, the company posted $2.34 earnings per share. Sun Communities's quarterly revenue was up 2.5% compared to the same quarter last year. Sun Communities has set its Q4 2025 guidance at 1.310-1.390 EPS and its FY 2025 guidance at 6.590-6.670 EPS. On average, equities analysts anticipate that Sun Communities, Inc. will post 6.77 EPS for the current year.
Sun Communities Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Sun Communities's payout ratio is 52.13%.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Sun Communities from $136.00 to $138.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Sun Communities in a research report on Wednesday, October 8th. Morgan Stanley decreased their price target on shares of Sun Communities from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 25th. Jefferies Financial Group set a $142.00 price target on shares of Sun Communities and gave the stock a "buy" rating in a report on Monday, November 3rd. Finally, Truist Financial increased their price objective on Sun Communities from $141.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, November 18th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $137.42.
Check Out Our Latest Report on Sun Communities
Hedge Funds Weigh In On Sun Communities
Several large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Sun Communities in the third quarter valued at approximately $27,000. Fulcrum Asset Management LLP bought a new position in Sun Communities in the 3rd quarter valued at $27,000. Twin Tree Management LP purchased a new position in shares of Sun Communities during the 1st quarter valued at $29,000. Elevation Point Wealth Partners LLC bought a new position in shares of Sun Communities in the second quarter worth $30,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Sun Communities in the first quarter worth $31,000. Hedge funds and other institutional investors own 99.59% of the company's stock.
Sun Communities Company Profile
(
Get Free Report)
Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.
Further Reading
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