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Stock Charts AI Power Rank: 6.2
Power Rank trend -> Falling
07/26/2024 16:10:00 EST
Sun Communities Inc (SUI)
Industry: REIT - Residential
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SUI has been trading in a range between $128.70 and $117.46 (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 $131.10 about 5% to the upside and support at $124.90 -0% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $136.22, 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 13 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $136.46, a potential upside of 9.25% from the recent price of 124.91. The stock is trading 7.69% (potential upside) below its 52 week high of $134.52 and 24.33 % (potential downside) above its 52 week low of $100.47 - 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.
News
| Take Shelter With 3 Essential Rental REITs American dream of owning a home is dead for many due to high prices and mortgage rates. Some areas experiencing a decrease in home prices, providing hope for buyers. REITs like Sun Communities, Camden Property Trust, and American Homes 4 Rent offer alternative housing options and investment opportunities. Source: Seeking Alpha Tue, 23 Jul 2024 07:00:00 -0400 Sentiment: Positive |
| 3 REITs to Buy Now Real estate investment trusts (REITs) can be a great way for investors to earn a steady income. It's important to diversify your portfolio. Source: InvestorPlace Wed, 17 Jul 2024 06:12:00 -0400 Sentiment: Positive |
| Fun In The Sun (Communities) Valuation for Sun Communities, Inc. is now more attractive than before, with potential for 15%+ annualized upside, even at close to 20x P/FFO. Sun Communities is a residential REIT with exposure to underappreciated areas like manufactured housing, RV communities, and marinas. The company has not outperformed significantly since the last update, making it more attractive in terms of valuation. Source: Seeking Alpha Tue, 09 Jul 2024 07:00:00 -0400 Sentiment: Positive |
| Sun Communities, Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call Southfield, MI, July 01, 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 and recreational vehicle communities and marinas (collectively, the "properties"), announces it will release second quarter 2024 operating results after the market closes on Wednesday, July 31, 2024. The Company will host a conference call to discuss these results on Thursday, August 1, 2024, at 2:00 P.M. ET. Source: GlobeNewsWire Mon, 01 Jul 2024 16:12:00 -0400 Sentiment: Neutral |
| Who Likes Work? These REITs Could Help You Retire (Early) Workers are becoming less likely to work past the age of 62. Stock market gains and high interest rates are allowing people close to retirement to live off dividends or low-risk investments. EGP and SUI are two REITs that offer consistent dividend growth, decent income, and business models with growth tailwinds, making them good investment options. Source: Seeking Alpha Wed, 26 Jun 2024 07:00:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 134.5226 52 Week Low: 100.4715 Beta: 0.894 50 Day MA: 119.7132 200 Day MA: 123.119 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.007 Qtr Revenue Growth YOY: 0.044 Forward PE: 68.0272 Trailing PE: 0