Sun Communities, Inc. (SUI): A Case For Going Higher

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Sun Communities, Inc. Declares First Quarter 2024 Distribution.

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Stocks Info

This NYSE-listed company operates within the REIT – Residential industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $133.82 and fluctuated between $134.92 as its day high and $133.44 as its day low. The current market capitalization of Sun Communities, Inc. is $16.65B. A total of 0.62 million shares were traded on the day, compared to an average of 890.34K shares.

In the most recent transaction, LEWIS CLUNET R sold 500 shares of SUI for 131.13 per share on Mar 05 ’24. After the transaction, the Director now owns 28,400 company shares. In a previous transaction on Nov 30 ’23, Underwood Baxter sold 2,000 shares at 128.99 per share. SUI shares that CEO – Safe Harbor Marinas, LLC owns now total 66,896.

Among the insiders who sold shares, Farrugia Marc disposed of 4,962 shares on Aug 30 ’23 at a per-share price of $123.90. This resulted in the EVP & Chief Admin. Officer holding 5,093 shares of SUI after the transaction. In another insider transaction, Underwood Baxter bought 400 shares at $119.93 per share on Aug 22 ’23. Company shares held by the CEO – Safe Harbor Marinas, LLC now total 73,633.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Sun Communities, Inc. pays an annual dividend of $3.72, resulting in a dividend yield of 2.78%, and it has a price to earnings (P/E) ratio of 117.86. SUI’s most recent ex-dividend date was 3/27/2024 when it declared a $0.94 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/16/2024 with an ex-dividend date of 12/28/2023. The SUI stock dividend was $0.93 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SUI has a high of $143.99 and a low of $102.74.

As of this writing, SUI has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.06.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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, 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.

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