Sun Communities, Inc (NYSE: SUI) is -5.45% lower on its value in year-to-date trading and has touched a low of $110.98 and a high of $147.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SUI stock was last observed hovering at around $127.10 in the last trading session, with the day’s loss setting it -0.74%.
Currently trading at $126.36, the stock is -0.01% and -2.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.58% at the moment leaves the stock -0.53% off its SMA200. SUI registered -3.82% loss for a year compared to 6-month gain of 6.42%. The firm has a 50-day simple moving average (SMA 50) of $130.3862 and a 200-day simple moving average (SMA200) of $127.0689.
The stock witnessed a -5.15% loss in the last 1 month and extending the period to 3 months gives it a -10.52%, and is -1.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.52% over the week and 2.15% over the month.
Sun Communities, Inc (SUI) has around 6780 employees, a market worth around $16.10B and $3.22B in sales. Current P/E ratio is 68.19 and Fwd P/E is 68.41. Profit margin for the company is 7.06%. Distance from 52-week low is 13.86% and -14.52% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).
The EPS is expected to grow by 238.96% this year
775.0 institutions hold shares in Sun Communities, Inc (SUI), with institutional investors hold 100.39% of the company’s shares. The shares outstanding are 127.40M, and float is at 125.66M with Short Float at 1.50%. Institutions hold 98.92% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.74 million shares valued at $2.14 billion. The investor’s holdings represent 14.3555 of the SUI Shares outstanding. As of 2024-06-30, the second largest holder is COHEN & STEERS, INC. with 11.38 million shares valued at $1.37 billion to account for 9.2058 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 11.17 million shares representing 9.0387 and valued at over $1.34 billion, while NORGES BANK holds 5.395 of the shares totaling 6.67 million with a market value of $802.45 million.
Sun Communities, Inc (SUI) Insider Activity
The most recent transaction is an insider sale by Underwood Baxter, the company’s CEO – Safe Harbor Marinas, LLC. SEC filings show that Underwood Baxter sold 3,000 shares of the company’s common stock on Aug 05 ’24 at a price of $131.43 per share for a total of $0.39 million. Following the sale, the insider now owns 63462.0 shares.
Sun Communities, Inc disclosed in a document filed with the SEC on Mar 28 ’24 that Leupold Craig (Director) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $128.39 per share for $0.32 million. Following the transaction, the insider now directly holds 0.0 shares of the SUI stock.
Still, SEC filings show that on Mar 22 ’24, Underwood Baxter (CEO – Safe Harbor Marinas, LLC) disposed off 4,000 shares at an average price of $131.48 for $0.53 million. The insider now directly holds 66,852 shares of Sun Communities, Inc (SUI).
