Sun Communities Inc. (NYSE: SUI)’s stock price has plunge by 3.09relation to previous closing price of 122.67. Nevertheless, the company has seen a 6.27% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2023-09-11 that Southfield, MI, Sept. 11, 2023 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the “properties”), today announced that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at Bank of America’s 2023 Global Real Estate Conference in New York City, New York on Wednesday, September 13, 2023, at 12:40 p.m. Eastern Time.
Is It Worth Investing in Sun Communities Inc. (NYSE: SUI) Right Now?
Sun Communities Inc. (NYSE: SUI) has a price-to-earnings ratio that is above its average at 68.54x. and a 36-month beta value of 0.72. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price predicted for Sun Communities Inc. (SUI) by analysts is $148.42, which is $22.37 above the current market price. The public float for SUI is 122.71M, and at present, short sellers hold a 1.50% of that float. On September 15, 2023, the average trading volume of SUI was 696.46K shares.
SUI’s Market Performance
SUI stock saw an increase of 6.27% in the past week, with a monthly gain of 3.46% and a quarterly increase of -5.47%. The volatility ratio for the week is 2.15%, and the volatility levels for the last 30 days are 1.73% for Sun Communities Inc. (SUI). The simple moving average for the last 20 days is 3.87% for SUI stock, with a simple moving average of -7.88% for the last 200 days.
Analysts’ Opinion of SUI
Many brokerage firms have already submitted their reports for SUI stocks, with Wolfe Research repeating the rating for SUI by listing it as a “Outperform.” The predicted price for SUI in the upcoming period, according to Wolfe Research is $155 based on the research report published on July 12, 2023 of the current year 2023.
SUI Trading at -1.08% from the 50-Day Moving Average
After a stumble in the market that brought SUI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.81% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares surge +4.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.50% lower at present.
During the last 5 trading sessions, SUI rose by +6.27%, which changed the moving average for the period of 200-days by -13.37% in comparison to the 20-day moving average, which settled at $122.01. In addition, Sun Communities Inc. saw -11.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SUI starting from Farrugia Marc, who sale 4,962 shares at the price of $123.90 back on Aug 30. After this action, Farrugia Marc now owns 5,093 shares of Sun Communities Inc., valued at $614,792 using the latest closing price.
Underwood Baxter, the CEO – Safe Harbor Marinas, LLC of Sun Communities Inc., purchase 400 shares at $119.93 during a trade that took place back on Aug 22, which means that Underwood Baxter is holding 73,633 shares at $47,972 based on the most recent closing price.
Stock Fundamentals for SUI
Current profitability levels for the company are sitting at:
- +17.92 for the present operating margin
- +28.48 for the gross margin
The net margin for Sun Communities Inc. stands at +8.47. The total capital return value is set at 3.76, while invested capital returns managed to touch 1.83. Equity return is now at value 2.80, with 1.30 for asset returns.
Based on Sun Communities Inc. (SUI), the company’s capital structure generated 94.40 points at debt to equity in total, while total debt to capital is 48.56. Total debt to assets is 43.15, with long-term debt to equity ratio resting at 94.21. Finally, the long-term debt to capital ratio is 48.46.
When we switch over and look at the enterprise to sales, we see a ratio of 7.21, with the company’s debt to enterprise value settled at 0.29. The receivables turnover for the company is 5.46 and the total asset turnover is 0.19.
Conclusion
To sum up, Sun Communities Inc. (SUI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
