Sun Communities (SUI) to Release Quarterly Earnings on Wednesday

Sun Communities (NYSE:SUI) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $724.68 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Sun Communities Price Performance

SUI opened at $134.23 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 1.61. Sun Communities has a 52-week low of $110.98 and a 52-week high of $147.83. The stock has a market capitalization of $17.10 billion, a PE ratio of 72.17 and a beta of 0.90. The stock’s 50 day moving average price is $124.79 and its 200-day moving average price is $129.49.

Sun Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.94 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 2.80%. Sun Communities’s dividend payout ratio is presently 202.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SUI shares. Truist Financial upgraded Sun Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group dropped their target price on Sun Communities from $145.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. StockNews.com downgraded Sun Communities from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Robert W. Baird downgraded Sun Communities from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $145.00 to $126.00 in a report on Thursday, November 7th. Finally, Baird R W downgraded Sun Communities from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.55.

Sun Communities Company Profile

Established in 1975, Sun Communities, Inc became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of December 31, 2023, the Company owned, operated, or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.