Media coverage about Sun Communities (NYSE:SUI) has been trending positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Communities earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.5545936167891 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Sun Communities, Inc. (SUI) Announces $0.67 Quarterly Dividend (americanbankingnews.com)
- Sun Communities, Inc. Declares Fourth Quarter 2017 Dividends – Nasdaq (nasdaq.com)
- Sun Communities (SUI) Stock Rating Reaffirmed by Robert W. Baird (americanbankingnews.com)
- Barnett & Company Decreased Its Sun Cmntys (SUI) Stake; Hikari Power LTD Has Lowered Its International Business … – Hill Country Times (hillcountrytimes.com)
Sun Communities (NYSE SUI) traded down $0.39 during mid-day trading on Wednesday, reaching $95.06. 314,007 shares of the company’s stock traded hands, compared to its average volume of 355,350. Sun Communities has a fifty-two week low of $72.51 and a fifty-two week high of $96.08. The company has a market capitalization of $7,574.83, a price-to-earnings ratio of 23.28, a P/E/G ratio of 3.65 and a beta of 0.27.
Sun Communities (NYSE:SUI) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.79. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. The business had revenue of $268.20 million during the quarter, compared to analyst estimates of $239.45 million. During the same quarter last year, the business earned $1.13 earnings per share. analysts anticipate that Sun Communities will post 4.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.68 annualized dividend and a dividend yield of 2.82%. Sun Communities’s dividend payout ratio (DPR) is presently 362.16%.
Several equities analysts recently weighed in on SUI shares. Zacks Investment Research raised shares of Sun Communities from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $96.00 target price on shares of Sun Communities in a research note on Monday, October 23rd. Royal Bank of Canada raised their target price on shares of Sun Communities from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. ValuEngine raised shares of Sun Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Robert W. Baird reiterated a “buy” rating and set a $95.00 price objective on shares of Sun Communities in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sun Communities presently has an average rating of “Buy” and an average target price of $93.00.
In other news, Director Clunet R. Lewis sold 1,292 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $86.52, for a total value of $111,783.84. Following the completion of the sale, the director now owns 18,800 shares in the company, valued at approximately $1,626,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Colman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $93.21, for a total transaction of $186,420.00. The disclosure for this sale can be found here. Insiders sold a total of 11,584 shares of company stock valued at $1,010,694 in the last 90 days. Company insiders own 4.15% of the company’s stock.
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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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