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Stock Charts AI Power Rank: 5.1
Power Rank trending -> UP

Last Price: 120.1 - Change: 2.58 - Change %: 2.1954
06/24/2024 16:10:00 EST

Sun Communities Inc (SUI)

Industry: REIT - Residential

Price Support Resistance

In the past 20 trading days, SUI has been trading in a range between $118.74 and $113.91 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

SUI is trading between resistance at $125.18 about 4% to the upside and support at $118.49 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $131.31, about a 9% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Sun Communities Inc $SUI entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $136.46, a potential upside of 13.62% from the recent price of 120.10. The stock is trading 15.24% (potential upside) below its 52 week high of $138.40 and 18.61 % (potential downside) above its 52 week low of $101.26 - based on the recent price.

Company Summary

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.

SUI Website

News

Sun Communities, Inc. Declares Second Quarter 2024 Distribution
Southfield, MI, June 03, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”) a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the second quarter of 2024. The distribution is payable on July 15, 2024 to shareholders of record on June 28, 2024.
Source: GlobeNewsWire
Mon, 03 Jun 2024 16:12:00 -0400
Sentiment: Neutral
Sun Communities: Low Leverage, Steady Growth And Recession Resilience
Sun Communities has underperformed the Vanguard Real Estate Index Fund ETF in 2024 despite continued underlying growth. Core FFO is expected to increase by 1% in 2024. Net debt accounts for 33% of enterprise value, with an average interest rate of just 4.21% and a 6.8-year average maturity.
Source: Seeking Alpha
Thu, 23 May 2024 13:34:50 -0400
Sentiment: Positive
Sun Communities, Inc. (SUI) Q1 2024 Earnings Call Transcript
Sun Communities, Inc. (NYSE:SUI ) Q1 2024 Earnings Conference Call April 30, 2024 2:00 PM ET Company Participants Gary Shiffman - Chairman, President & Chief Executive Officer Fernando Castro-Caratini - Chief Financial Officer Conference Call Participants Michael Goldsmith - UBS John Kim - BMO Capital Markets Josh Dennerlein - Bank of America Brad Heffern - RBC Capital Markets Wes Golladay - Robert W. Baird Keegan Carl - Wolfe Research Eric Wolfe - Citibank Anthony Powell - Barclays Jamie Feldman - Wells Fargo Anthony Hau - Truist Securities John Pawlowski - Green Street Operator Good afternoon, ladies and gentlemen, and thank you for standing by.
Source: Seeking Alpha
Tue, 30 Apr 2024 18:50:23 -0400
Sentiment: Neutral
Sun Communities (SUI) Q1 FFO and Revenues Top Estimates
Sun Communities (SUI) came out with quarterly funds from operations (FFO) of $1.19 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to FFO of $1.23 per share a year ago.
Source: Zacks Investment Research
Mon, 29 Apr 2024 19:21:06 -0400
Sentiment: Positive
Sun Communities, Inc. Reports 2024 First Quarter Results
Total Revenue Increased by 3.1% Net Loss per Diluted Share of $0.22 Core FFO per Share of $1.19           Total North America Same Property NOI Increased by 7.9% North America Same Property Adjusted Blended Occupancy for MH and RV Increased by 180 Basis Points, Year-over-Year Revenue Producing Site Gains of 233, Including 176 Transient-to-Annual RV Site Conversions           Full-Year Core FFO per Share Guidance for 2024 of $7.06 - $7.22 Guidance Range for Full-Year North America Same Property NOI Growth of 4.6% - 5.8% Southfield, April 29, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or "SUI"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities, marinas, and communities in the United Kingdom ("UK") (collectively, the "properties"), today reported its first quarter results for 2024. Financial Results for the Quarter Ended March 31, 2024 For the quarter ended March 31, 2024, net loss attributable to common shareholders was $27.4 million, or $0.22 per diluted share, compared to net loss attributable to common shareholders of $44.9 million, or $0.36 per diluted share for the same period in 2023.
Source: GlobeNewsWire
Mon, 29 Apr 2024 17:04:00 -0400
Sentiment: Neutral
Instituions Institution %: 99.261
Last QTR Institution change: 4670201

Insiders
Insiders %: 1.346
Insiders Purchases last QTR: 550
Insiders Sales last QTR: 13962
Insiders Net last QTR: -13412

Analyst Ratings
Target Price: 136.46
Overall Rating: 4.0667
Strong Buys (5): 6
Buys (4): 4
Holds (3): 5
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 138.3955
52 Week Low: 101.2643
Beta: 0.882
50 Day MA: 117.793
200 Day MA: 122.9571

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.007
Qtr Revenue Growth YOY: 0.044
Forward PE: 68.0272
Trailing PE: 0

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