Sun Communities, Inc. (NYSE: SUI): Is It A Buying Opportunity Again?

After Hours

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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 $16.52B. A total of 0.7 million shares were traded on the day, compared to an average of 604.04K shares.

In the most recent transaction, Underwood Baxter sold 3,000 shares of SUI for 131.43 per share on Aug 05 ’24. After the transaction, the CEO – Safe Harbor Marinas, LLC now owns 63,462 company shares. In a previous transaction on Mar 28 ’24, Leupold Craig sold 2,500 shares at 128.39 per share. SUI shares that Director owns now total 0.

Among the insiders who sold shares, Underwood Baxter disposed of 4,000 shares on Mar 22 ’24 at a per-share price of $131.48. This resulted in the CEO – Safe Harbor Marinas, LLC holding 66,852 shares of SUI after the transaction. In another insider transaction, LEWIS CLUNET R sold 500 shares at $131.13 per share on Mar 05 ’24. Company shares held by the Director now total 28,400.

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 $3.74, resulting in a dividend yield of 2.82%, and it has a price to earnings (P/E) ratio of 155.56. SUI’s most recent ex-dividend date was 6/28/2024 when it declared a $0.94 quarterly dividend that was paid in cash on 7/15/2024. Previously, the company paid the dividend on 4/15/2024 with an ex-dividend date of 3/27/2024. The SUI stock dividend was $0.94 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. In terms of 52-week highs and lows, SUI has a high of $137.45 and a low of $102.74.

As of this writing, SUI has an earnings estimate of $1.38 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of $1.51 per share and a lower estimate of $1.26. The company reported an EPS of $1.31 in the last quarter

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 $55.23, 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.

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