Sun Communities Inc. (NYSE:SUI) finished Friday with a subtraction of -$0.38 to close at $125.38, a downside of -0.30 percent. An average of 535,940 shares of common stock have been traded in the last five days. There was a fall of -$2.58 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 806,205 shares traded, while the 50-day average volume stands at 730,614.
SUI stock has decreased by -8.00% in the last month. The company shares reached their 1-month lowest point of $124.96 on 08/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $117.63 and a high of $172.38 in 52 weeks. It has reached a new high 11 times so far this year and lost -12.32% or -$17.62 in price. In spite of this, the price is down -27.27% from the 52-week high.
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Insider Transactions
SUI stock investors should be aware that Sun Communities Inc. (SUI) stock had its last reported insider trading activity 166 days ago on May 25.
Valuation Metrics
Sun Communities Inc. (SUI) has a trailing price-to-earnings (P/E) ratio of 67.96. The stock’s beta is 0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.06, the price-to-book (PB) ratio at 1.93.
The company has a payout ratio of 193.00%. The company’s most recent quarterly dividend payment was $0.93 a share, without any change from last year. Its latest increase dividend $0.05 reported on Friday March 3 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.95 and a total debt to equity ratio of 0.95 for the quarter ending June 29. Its gross profit as reported stood at $546.8 million compared to revenue of $2.97 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sun Communities Inc.’s return on assets was 1.30%.
Earnings Surprise
For the three-month period that ended June 29, Sun Communities Inc. had $110.4 million in cash and short-term investments compared to $3.37 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $89.8 million in the quarter, while revenues of $4.7 million were grew 99.22%. The analyst consensus anticipated Sun Communities Inc.’s latest quarter earnings to come in at $0.81 per share, but it turned out to be $0.72, a -11.10% surprise. For the quarter, EBITDA amounted to $175.5 million. At the end of the quarter ending June 29, Sun Communities Inc.’s stock balance sheet showed total debt was $7.79 billion. Shareholders own equity worth $124.42 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sun Communities Inc. (SUI) price momentum. RSI 9-day as of the close on 11 August was 29.18%, suggesting the stock is oversold, with historical volatility in this time frame at 12.40%.
As of today, SUI’s price is $126.93 -2.02% or -$2.58 from its 5-day moving average. SUI is currently trading -7.52% lower than its 20-day SMA and -7.73% lower than its 100-day SMA. However, the stock’s current price level is -0.99% below the SMA50 and +5.91% above the SMA200.
The stochastic %K and %D were 5.28% and 7.69%, respectively, and the average true range (ATR) was 2.78. With the 14-day stochastic at 2.51% and the average true range at 2.89, the RSI (14) stands at 35.50%. The stock has reached -1.85 on the 9-day MACD Oscillator while the 14-day reading was at -4.30.
Analyst Ratings
Wolfe Research upgraded Sun Communities Inc. (NYSE: SUI) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for Sun Communities Inc. (SUI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SUI, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 9 others rate it as a “buy”.
What is SUI’s price target for the next 12 months?
Analysts predict a range of price targets between $139.00 and $160.00, with a median target of $153.00. Taking a look at these predictions, the average price target given by analysts for Sun Communities Inc. (SUI) stock is $151.33.
