The stock of Sun Communities Inc. (NYSE:SUI) decreased by -$0.79 on Friday to finish at $123.96, down -0.63 percent. The last five days have seen an average of 609,700 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$19.04. The average number of shares traded over the last 20 days was 680,815, while the average volume over the last 50 days totaled 698,864.
SUI stock dropped -6.25% since last month. On 08/21/23, the company’s shares reached a one-month low of $118.59. The stock touched a high of $163.83 on 02/02/23, after rallying from a low of $117.63 in 52 weeks. The price of SUI stock has declined by -13.31% or -$19.04 this year, reaching a new high 11 times. Still, the stock price is down -24.34% 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 6 days ago on Aug 22. On Aug 22, CEO – Safe Harbor Marinas, LLC Underwood Baxter acquired 400 shares at $119.93 each. This transaction resulted in the insider spending $47,972. On Aug 14, Underwood Baxter added 150 shares at a price of US$123.59. After the transaction, the insider now owns 73,233 shares. CEO – Safe Harbor Marinas, LLC Underwood Baxter had earlier bought 400 shares on May 25 for $126.18 a share. The transaction was completed for $50,472.
Valuation Metrics
Sun Communities Inc. (SUI) has a trailing price-to-earnings (P/E) ratio of 67.19. Beta for the stock is 0.71. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.97, the price-to-book (PB) ratio of 1.91, and the price-to-cash flow ratio of 52.74.
Company paid $0.93 per share in dividends, remained unchanged from $0.93 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.95, and the total debt to equity ratio is 0.95. As far as profitability goes, gross margin for the trailing twelve months is 47.80% percent. Sun Communities Inc.’s operating margin stood at 18.30% for the same period. Based on annual data, it had gross profit of $546.8 million and revenue of $2.97 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SUI’s return on assets (ROA) during the last 12 months has been 1.30%. There was a 3.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.80%.
Earnings Surprise
According to Sun Communities Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $863.5 million, while revenues rose by 5.7% to $651.2 million. It was predicted that Sun Communities Inc.’s quarterly earnings would be $0.72, but it ended up being $0.81, beating the consensus by -11.10%. EBITDA was $175.5 million for the quarter. At the end of Sun Communities Inc.’s most recent quarter ended June 29, its total debt was $7.79 billion. Equity owned by shareholders amounts to $124.42 million.
Technical Picture
Here’s a quick look at Sun Communities Inc.’s (SUI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 46.23%, suggesting the stock is Neutral, with a 18.51% historical volatility rate.
The stochastic %K and %D were 51.57% and 38.80% respectively, while the average true range (ATR) was 2.33. Based on the 14-day stochastic reading of 53.27%, the RSI (14) reading is 43.07%. On the 9-day MACD Oscillator, the stock is at 2.20, and the 14-day reading is at 0.83.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Sun Communities Inc. (NYSE: SUI) to an Outperform. Prior to this, analysts firm rated the stock as a Peer perform. Analysts have assigned Sun Communities Inc. (SUI) an Overweight rating. SUI is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 9 others recommend it as a buy.
What is SUI’s price target for the next 12 months?
The current consensus forecast for the stock is between $139.00 and $158.00, with a median target price of $150.00. In analyzing these forecasts, the average price target given by analysts for Sun Communities Inc. (SUI) is $149.75.
