Sun Communities (NYSE:SUI) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $4.76-4.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.90. Sun Communities also updated its FY 2019 guidance to $4.76-4.86 EPS.
A number of brokerages have recently issued reports on SUI. Citigroup lifted their price objective on shares of Sun Communities from $100.00 to $105.00 and gave the stock a hold rating in a research report on Monday, October 29th. Zacks Investment Research raised shares of Sun Communities from a sell rating to a hold rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Sun Communities presently has a consensus rating of Buy and an average price target of $108.50.
NYSE SUI traded down $0.20 on Thursday, hitting $113.83. 650,529 shares of the company’s stock traded hands, compared to its average volume of 328,221. Sun Communities has a 1-year low of $84.66 and a 1-year high of $121.28. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.64 and a beta of 0.28.
In other news, COO John Bandini Mclaren sold 2,400 shares of Sun Communities stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $103.42, for a total transaction of $248,208.00. Following the completion of the transaction, the chief operating officer now directly owns 152,624 shares of the company’s stock, valued at approximately $15,784,374.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.69% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: “Sun Communities (SUI) Issues FY19 Earnings Guidance” was first 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 copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.com-unik.info/2019/02/21/sun-communities-sui-issues-fy19-earnings-guidance.html.
About Sun Communities
Sun Communities, Inc is a REIT that, as of September 30, 2018, owned, operated, or had an interest in a portfolio of 370 communities comprising over 127,000 developed sites in 31 states and Ontario, Canada.
See Also: Why do companies engage in swaps?
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.