Sun Communities (SUI) to Release Quarterly Earnings on Tuesday

Sun Communities (NYSE:SUI) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $724.68 million for the quarter.

Sun Communities Price Performance

NYSE SUI opened at $125.11 on Friday. The stock’s 50-day moving average price is $124.27 and its two-hundred day moving average price is $129.65. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.93. The company has a market cap of $15.94 billion, a PE ratio of 67.27 and a beta of 0.90. Sun Communities has a 1 year low of $110.98 and a 1 year high of $147.83.

Sun Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.94 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 3.01%. Sun Communities’s payout ratio is presently 202.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SUI shares. Royal Bank of Canada dropped their target price on Sun Communities from $147.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Baird R W downgraded Sun Communities from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group downgraded Sun Communities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $155.00 to $134.00 in a report on Thursday, November 14th. BMO Capital Markets dropped their target price on Sun Communities from $145.00 to $138.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com downgraded Sun Communities from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sun Communities presently has a consensus rating of “Hold” and a consensus target price of $134.55.

About Sun Communities

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.