Sun Communities, Inc. (NYSE: SUI) has a price-to-earnings ratio that is above its average at 102.34x. The stock has a 36-month beta value of 0.89. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SUI is 122.96M, and at present, short sellers hold a 1.24% of that float. On May 24, 2024, the average trading volume of SUI was 760.78K shares.
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SUI) stock’s latest price update
Sun Communities, Inc. (NYSE: SUI)’s stock price has decreased by -3.37 compared to its previous closing price of 122.42. However, the company has seen a -2.06% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-05-23 that Sun Communities has underperformed the Vanguard Real Estate Index Fund ETF in 2024 despite continued underlying growth. Core FFO is expected to increase by 1% in 2024. Net debt accounts for 33% of enterprise value, with an average interest rate of just 4.21% and a 6.8-year average maturity.
SUI’s Market Performance
Sun Communities, Inc. (SUI) has seen a -2.06% fall in stock performance for the week, with a -1.66% decline in the past month and a -9.96% plunge in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 2.17% for SUI. The simple moving average for the last 20 days is 0.06% for SUI stock, with a simple moving average of -4.29% for the last 200 days.
Analysts’ Opinion of SUI
Many brokerage firms have already submitted their reports for SUI stocks, with Deutsche Bank repeating the rating for SUI by listing it as a “Hold.” The predicted price for SUI in the upcoming period, according to Deutsche Bank is $129 based on the research report published on January 30, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see SUI reach a price target of $143, previously predicting the price at $130. The rating they have provided for SUI stocks is “Hold” according to the report published on January 16th, 2024.
Compass Point gave a rating of “Neutral” to SUI, setting the target price at $125 in the report published on October 10th of the previous year.
SUI Trading at -3.17% 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 -16.41% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -0.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.60% lower at present.
During the last 5 trading sessions, SUI fell by -2.06%, which changed the moving average for the period of 200-days by -6.85% in comparison to the 20-day moving average, which settled at $118.19. In addition, Sun Communities, Inc. saw -11.49% 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 Leupold Craig, who sale 2,500 shares at the price of $128.39 back on Mar 28 ’24. After this action, Leupold Craig now owns 0 shares of Sun Communities, Inc., valued at $320,986 using the latest closing price.
Underwood Baxter, the CEO – Safe Harbor Marinas, LLC of Sun Communities, Inc., sale 4,000 shares at $131.48 during a trade that took place back on Mar 22 ’24, which means that Underwood Baxter is holding 66,852 shares at $525,920 based on the most recent closing price.
Stock Fundamentals for SUI
Current profitability levels for the company are sitting at:
- 0.49 for the present operating margin
- 0.46 for the gross margin
The net margin for Sun Communities, Inc. stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 2.09, with 0.89 for asset returns.
Based on Sun Communities, Inc. (SUI), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 4.65.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 4.94. When we switch over and look at the enterprise to sales, we see a ratio of 6.99. The receivables turnover for the company is 6.12for trailing twelve months and the total asset turnover is 0.19.
Conclusion
To sum up, Sun Communities, Inc. (SUI) has seen a bad 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.
