Sun Communities (SUI) Earns News Sentiment Rating of 0.04

Press coverage about Sun Communities (NYSE:SUI) has trended somewhat positive on Sunday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sun Communities earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.8238508626394 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Sun Communities from a “buy” rating to a “hold” rating and set a $102.00 price objective on the stock. in a report on Thursday. ValuEngine raised shares of Sun Communities from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. BMO Capital Markets set a $97.00 price target on shares of Sun Communities and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Robert W. Baird raised shares of Sun Communities from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.83.

NYSE:SUI traded up $1.23 during trading hours on Friday, hitting $91.34. 318,828 shares of the stock traded hands, compared to its average volume of 431,380. Sun Communities has a 1 year low of $80.12 and a 1 year high of $96.08. The company has a market capitalization of $7,197.57, a P/E ratio of 21.90, a P/E/G ratio of 3.15 and a beta of 0.11.

Sun Communities (NYSE:SUI) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. Sun Communities had a net margin of 8.01% and a return on equity of 2.98%. The business had revenue of $242.00 million for the quarter, compared to the consensus estimate of $207.51 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. research analysts expect that Sun Communities will post 4.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.84 annualized dividend and a yield of 3.11%. This is an increase from Sun Communities’s previous quarterly dividend of $0.67. Sun Communities’s payout ratio is currently 68.11%.

In other news, Director Clunet R. Lewis sold 2,200 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $87.84, for a total value of $193,248.00. Following the transaction, the director now owns 19,400 shares of the company’s stock, valued at $1,704,096. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.69% of the stock is owned by insiders.

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Sun Communities Company Profile

Sun Communities, Inc provides real estate management services. The company operates through the following segments: Real Property Operations and Home Sales & Rentals. The Real Property Operations segment owns, operates, and develops manufacture housing communities and recreational vehicle communities throughout the United States and is in the business of acquiring, operating, and expanding manufactured housing and recreational vehicle communities.

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

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