Sun Communities (SUI) Rating Increased to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Sun Communities (NYSE:SUI) from a neutral rating to an outperform rating in a research report report published on Wednesday.

Several other analysts have also recently commented on SUI. ValuEngine cut shares of Sun Communities from a buy rating to a hold rating in a research note on Tuesday, December 5th. Evercore ISI raised shares of Sun Communities from an in-line rating to an outperform rating and set a $86.00 price objective for the company in a research note on Monday, December 4th. Zacks Investment Research cut shares of Sun Communities from a buy rating to a hold rating in a research note on Thursday, December 28th. Royal Bank of Canada boosted 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. Finally, BMO Capital Markets reissued a buy rating and set a $96.00 price objective on shares of Sun Communities in a research note on Monday, October 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Sun Communities has an average rating of Buy and an average price target of $93.57.

Shares of Sun Communities (SUI) opened at $84.70 on Wednesday. The company has a market cap of $6,780.00, a P/E ratio of 114.46, a price-to-earnings-growth ratio of 2.93 and a beta of 0.15. Sun Communities has a 12 month low of $78.78 and a 12 month high of $96.08.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.68 annualized dividend and a dividend yield of 3.16%. Sun Communities’s dividend payout ratio is presently 362.16%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whitnell & Co. purchased a new stake in shares of Sun Communities during the 3rd quarter valued at $139,000. American International Group Inc. purchased a new stake in shares of Sun Communities during the 4th quarter valued at $149,000. The Manufacturers Life Insurance Company grew its stake in shares of Sun Communities by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,299 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 178 shares during the period. Shelton Capital Management purchased a new stake in shares of Sun Communities during the 4th quarter valued at $204,000. Finally, M&T Bank Corp purchased a new stake in shares of Sun Communities during the 4th quarter valued at $209,000. 93.15% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Sun Communities (SUI) Rating Increased to Outperform at Robert W. Baird” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.com-unik.info/2018/02/11/sun-communities-sui-rating-increased-to-outperform-at-robert-w-baird.html.

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).

Analyst Recommendations for Sun Communities (NYSE:SUI)

Receive News & Ratings for Sun Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit