After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Sun Communities, Inc. Reports 2023 Fourth Quarter and Full Year Results; Provides 2024 Guidance and Increases Annual Distribution Rate for 2024.
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Stocks Info
SUI belongs to the Real Estate sector of the NYSE while operating in the REIT – Residential industry. The current market capitalization of Sun Communities, Inc. is $16.35B. A total of 0.77 million shares were traded on the day, compared to an average of 812.68K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SUI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 25 SELLs from insiders. Insiders purchased 30,856 shares during that period but sold 42,431.
In the most recent transaction, Underwood Baxter sold 2,000 shares of SUI for 128.99 per share on Nov 30. After the transaction, the CEO – Safe Harbor Marinas, LLC now owns 66,896 company shares. In a previous transaction on Aug 30, Farrugia Marc sold 4,962 shares at 123.90 per share. SUI shares that EVP & Chief Admin. Officer owns now total 5,093.
Among the insiders who bought shares, Underwood Baxter acquired of 400 shares on Aug 22 at a per-share price of $119.93. This resulted in the CEO – Safe Harbor Marinas, LLC holding 73,633 shares of SUI after the transaction. In another insider transaction, Underwood Baxter bought 150 shares at $123.59 per share on Aug 14. Company shares held by the CEO – Safe Harbor Marinas, LLC now total 73,233.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Sun Communities, Inc. pays an annual dividend of $3.72, resulting in a dividend yield of 2.83%, and it has a price to earnings (P/E) ratio of 115.72. SUI’s most recent ex-dividend date was 12/28/2023 when it declared a $0.93 quarterly dividend that was paid in cash on 1/16/2024. Previously, the company paid the dividend on 10/16/2023 with an ex-dividend date of 9/28/2023. The SUI stock dividend was $0.93 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SUI in the last 3 months, the mean price target is $143.64 with high estimates of $161.00 and low estimates of $116.00. In terms of 52-week highs and lows, SUI has a high of $150.71 and a low of $102.74.
As of this writing, SUI has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.15.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SUI’s latest balance sheet shows that the firm has $252.70M in Cash & Short Term Investments as of fiscal 2021. There were $5.60B in debt and $1.61B in liabilities at the time. Its Book Value Per Share was $56.92, while its Total Shareholder’s Equity was $6.73B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.15.
