Sun Communities (NYSE:SUI) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other equities research analysts have also weighed in on SUI. Zacks Investment Research raised Sun Communities from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Tuesday, March 20th. Robert W. Baird set a $97.00 target price on Sun Communities and gave the company a “buy” rating in a research report on Tuesday, April 24th. TheStreet upgraded Sun Communities from a “c+” rating to a “b-” rating in a report on Monday, April 23rd. Wells Fargo & Co lifted their price target on Sun Communities from $94.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, May 29th. Finally, BMO Capital Markets lifted their price target on Sun Communities from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, June 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $97.00.

Shares of Sun Communities opened at $97.77 on Monday, according to Marketbeat.com. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 3.42 and a beta of 0.12. Sun Communities has a twelve month low of $80.12 and a twelve month high of $98.99.

Sun Communities (NYSE:SUI) last issued its earnings results on Monday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.76). The firm had revenue of $259.90 million for the quarter, compared to the consensus estimate of $242.51 million. Sun Communities had a net margin of 8.49% and a return on equity of 3.16%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. equities research analysts predict that Sun Communities will post 4.54 earnings per share for the current year.

Several large investors have recently made changes to their positions in SUI. Quantbot Technologies LP increased its holdings in shares of Sun Communities by 1,221.4% in the 1st quarter. Quantbot Technologies LP now owns 1,480 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,368 shares during the period. Ostrum Asset Management purchased a new position in shares of Sun Communities in the 1st quarter valued at $147,000. American International Group Inc. purchased a new position in shares of Sun Communities in the 4th quarter valued at $149,000. First Mercantile Trust Co. purchased a new position in shares of Sun Communities in the 1st quarter valued at $150,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of Sun Communities in the 4th quarter valued at $173,000. Institutional investors and hedge funds own 93.37% of the company’s stock.

Sun Communities Company Profile

Sun Communities, Inc is a REIT that, as of March 31, 2018, owned, operated, or had an interest in a portfolio of 350 communities comprising approximately 122,000 developed sites in 29 states and Ontario, Canada. For more information about Sun Communities, Inc, please visit www.suncommunities.com.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sun Communities (NYSE:SUI)

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