Sun Communities, Inc (NYSE: SUI) is -10.30% 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 $120.41 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $119.89, the stock is -4.04% and -6.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -0.43% at the moment leaves the stock -5.28% off its SMA200. SUI registered -10.95% loss for a year compared to 6-month gain of 2.02%. The firm has a 50-day simple moving average (SMA 50) of $128.3748 and a 200-day simple moving average (SMA200) of $126.5702.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.31% loss in the last 1 month and extending the period to 3 months gives it a -14.78%, and is -2.69% 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 2.22% over the week and 2.09% over the month.
Sun Communities, Inc (SUI) has around 6780 employees, a market worth around $15.27B and $3.22B in sales. Current P/E ratio is 64.70 and Fwd P/E is 76.73. Profit margin for the company is 7.06%. Distance from 52-week low is 8.03% and -18.90% 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 252.76% this year
778.0 institutions hold shares in Sun Communities, Inc (SUI), with institutional investors hold 100.38% of the company’s shares. The shares outstanding are 127.40M, and float is at 125.70M with Short Float at 1.44%. 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).
