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Monday, January 30, 2023

Searching For Real Value In Market Debris At Sun Communities Inc. (NYSE: SUI)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Sun Communities Inc. (SUI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $147.10. The Sun Communities Inc. has recorded 96,576 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Sun Communities, Inc. Announces Dates for Fourth Quarter 2022 Earnings Release and Conference Call.


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Stocks Info

As a NYSE listed company, SUI falls under the Real Estate sector while operating within the REIT – Residential industry segment. At the end of the last regular session, the stock closed at $147.10 and fluctuated between $149.89 as its day high and $144.73 as its day low. The current market capitalization of Sun Communities Inc. is $18.16B. A total of 0.85 million shares were traded on the day, compared to an average of 844.91K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SUI has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 5,760 shares. Over the last 12 months, there were 12 BUYs and 48 SELLs from insiders. Insiders purchased 167,700 shares during that period but sold 109,145.

In the most recent transaction, Thelen Bruce sold 6,892 shares of SUI for 165.40 per share on Aug 09. After the transaction, the EVP now owns 25,120 company shares. In a previous transaction on Jun 15, LEWIS CLUNET R sold 4,400 shares at 153.39 per share. SUI shares that Director owns now total 26,400.

Among the insiders who sold shares, McLaren John Bandini disposed of 11,500 shares on Apr 28 at a per-share price of $180.27. This resulted in the Pres & COO holding 148,691 shares of SUI after the transaction. In another insider transaction, LEWIS CLUNET R sold 500 shares at $177.63 per share on Feb 24. Company shares held by the Director now total 30,800.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Sun Communities Inc. pays an annual dividend of $3.52, resulting in a dividend yield of 2.39%, and it has a price to earnings (P/E) ratio of 71.55. SUI’s most recent ex-dividend date was when it declared a $0.88 quarterly dividend that was paid in cash on 1/17/2023. Previously, the company paid the dividend on 10/14/2022 with an ex-dividend date of 9/29/2022. The SUI stock dividend was $0.88 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SUI in the last 3 months, the mean price target is $162.90 with high estimates of $185.00 and low estimates of $153.00. In terms of 52-week highs and lows, SUI has a high of $211.79 and a low of $117.63.

As of this writing, SUI has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.01. The company reported an EPS of $0.61 in the last quarter, which was -23.80% lower than expectations of $0.8.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SUI is Hold with a score of 4.89. A total of 8 analysts rated the stock as Buy while 2 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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