In the past week, SUI stock has gone up by 2.63%, with a monthly gain of 4.71% and a quarterly surge of 15.15%. The volatility ratio for the week is 1.55%, and the volatility levels for the last 30 days are 1.49% for Sun Communities, Inc. The simple moving average for the last 20 days is 3.33% for SUI stock, with a simple moving average of 8.34% for the last 200 days.
Is It Worth Investing in Sun Communities, Inc. (NYSE: SUI) Right Now?
Sun Communities, Inc. (NYSE: SUI) has a higher price-to-earnings ratio of 160.02x compared to its average ratio. SUI has 36-month beta value of 0.92. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SUI is 122.83M, and currently, short sellers hold a 1.28% ratio of that float. The average trading volume of SUI on September 05, 2024 was 613.01K shares.
SUI) stock’s latest price update
The stock of Sun Communities, Inc. (NYSE: SUI) has increased by 0.59 when compared to last closing price of 135.52. Despite this, the company has experienced a 2.63% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-03 that Southfield, MI, Sept. 03, 2024 (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 its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the third quarter of 2024. The distribution is payable on October 15, 2024 to shareholders of record on September 30, 2024.
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 7.49% 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 -0.82% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.51% upper at present.
During the last 5 trading sessions, SUI rose by +2.63%, which changed the moving average for the period of 200-days by +12.42% in comparison to the 20-day moving average, which settled at $132.18. In addition, Sun Communities, Inc. saw 2.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SUI starting from Underwood Baxter, who sale 3,000 shares at the price of $131.43 back on Aug 05 ’24. After this action, Underwood Baxter now owns 63,462 shares of Sun Communities, Inc., valued at $394,290 using the latest closing price.
Leupold Craig, the Director of Sun Communities, Inc., sale 2,500 shares at $128.39 during a trade that took place back on Mar 28 ’24, which means that Leupold Craig is holding 0 shares at $320,986 based on the most recent closing price.
Stock Fundamentals for SUI
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.41 for the gross margin
The net margin for Sun Communities, Inc. stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 1.58, with 0.67 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 1.14. The interest coverage ratio of the stock is 3.52.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 5.06. When we switch over and look at the enterprise to sales, we see a ratio of 7.71. The receivables turnover for the company is 6.86for trailing twelve months and the total asset turnover is 0.19.
Conclusion
To put it simply, Sun Communities, Inc. (SUI) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
