Sun Communities (SUI) Getting Somewhat Favorable Media Coverage, Study Finds

News headlines about Sun Communities (NYSE:SUI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Communities earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.0399845809314 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern’s rankings:

Shares of Sun Communities (NYSE:SUI) traded down $1.08 during midday trading on Tuesday, hitting $91.70. 269,600 shares of the company were exchanged, compared to its average volume of 296,508. Sun Communities has a fifty-two week low of $75.48 and a fifty-two week high of $96.08. The company has a market capitalization of $7,280.00, a PE ratio of 123.92, a P/E/G ratio of 3.54 and a beta of 0.27.

Sun Communities (NYSE:SUI) last issued its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.79. The business had revenue of $268.20 million for the quarter, compared to analysts’ expectations of $239.45 million. Sun Communities had a net margin of 7.37% and a return on equity of 2.76%. During the same period in the previous year, the business earned $1.13 earnings per share. equities analysts anticipate that Sun Communities will post 4.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Thursday, December 28th. Sun Communities’s payout ratio is currently 362.16%.

A number of equities research analysts have issued reports on SUI shares. Zacks Investment Research upgraded Sun Communities from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. BMO Capital Markets restated a “buy” rating and set a $96.00 price objective on shares of Sun Communities in a research note on Monday, October 23rd. Royal Bank of Canada lifted their price objective 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 upgraded shares of Sun Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Evercore ISI upgraded shares of Sun Communities from an “in-line” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $94.29.

In related news, EVP Jonathan Colman sold 2,000 shares of Sun Communities 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.15% of the stock is owned by insiders.

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About Sun Communities

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).

Insider Buying and Selling by Quarter for Sun Communities (NYSE:SUI)

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