Sun Communities (SUI) Projected to Post Quarterly Earnings on Wednesday

Sun Communities (NYSE:SUI) is expected to announce its earnings results 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 interested in listening to the company’s conference call can do so using this link.

Sun Communities Price Performance

NYSE:SUI opened at $125.84 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.93. 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 $16.03 billion, a PE ratio of 67.66 and a beta of 0.90. The stock’s 50-day moving average price is $124.56 and its 200-day moving average price is $129.46.

Sun Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, December 31st. Sun Communities’s payout ratio is 202.15%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SUI shares. Royal Bank of Canada lowered their price objective on Sun Communities from $147.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group lowered their price objective on Sun Communities from $145.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Baird R W cut Sun Communities from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird cut Sun Communities from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $145.00 to $126.00 in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Sun Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $134.55.

About Sun Communities

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.