Press coverage about Sun Communities (NYSE:SUI) has trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Communities earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 55 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Edited Transcript of SUI earnings conference call or presentation 27-Jul-17 3:00pm GMT (finance.yahoo.com)
- Sun Communities, Inc. (NYSE:SUI) Announces Earnings Results (americanbankingnews.com)
- Sun Communities : reports 2Q results (4-traders.com)
- Sun Communities, Inc. Reports 2017 Second Quarter Results (finance.yahoo.com)
- Sun Communities reports 2Q results (finance.yahoo.com)
Sun Communities (NYSE:SUI) opened at 89.62 on Friday. The firm has a 50-day moving average of $88.57 and a 200-day moving average of $83.63. Sun Communities has a 12-month low of $69.90 and a 12-month high of $91.37. The firm has a market cap of $7.08 billion, a P/E ratio of 128.40 and a beta of 0.29.
Sun Communities (NYSE:SUI) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $237.90 million during the quarter, compared to the consensus estimate of $210.58 million. Sun Communities had a net margin of 6.82% and a return on equity of 2.70%. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, analysts expect that Sun Communities will post $1.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.67 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.68 dividend on an annualized basis and a yield of 2.99%. Sun Communities’s dividend payout ratio is 382.86%.
A number of research firms have recently issued reports on SUI. BidaskClub upgraded shares of Sun Communities from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Sun Communities from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Saturday, June 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $92.00 price target on shares of Sun Communities in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $90.17.
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About Sun Communities
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).
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