Sun Communities, Inc (NYSE: SUI) is 2.37% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SUI stock was last observed hovering at around $123.71 in the last trading session, with the day’s gains setting it 2.17%.
Currently trading at $125.88, the stock is 2.51% and 0.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 1.75% at the moment leaves the stock -0.07% off its SMA200. SUI registered -3.86% loss for a year compared to 6-month loss of -0.21%. The firm has a 50-day simple moving average (SMA 50) of $124.65 and a 200-day simple moving average (SMA200) of $125.9713.
The stock witnessed a 2.63% gain in the last 1 month and extending the period to 3 months gives it a -7.49%, and is 4.44% up 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 2.37% over the week and 2.17% over the month.
Sun Communities, Inc (SUI) has around 6780 employees, a market worth around $16.04B and $3.22B in sales. Current P/E ratio is 67.93 and Fwd P/E is 80.83. Profit margin for the company is 7.06%. Distance from 52-week low is 13.43% and -14.85% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).
with sales reaching $728.29M over the same period.The EPS is expected to grow by 252.76% this year, but quarterly earnings will post 1.04% year-over-year. Quarterly sales are estimated to grow 0.22% in year-over-year returns.
Sun Communities, Inc (SUI) Top Institutional Holders
773.0 institutions hold shares in Sun Communities, Inc (SUI), with institutional investors hold 100.11% of the company’s shares. The shares outstanding are 127.40M, and float is at 125.76M with Short Float at 1.99%. Institutions hold 98.86% 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).
