Sun Communities Inc. (NYSE:SUI) went down by -1.82% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the REIT – Residential giant went up by $137.77 to trade ended Wednesday trading at $140.32. This is down from the $140.32 price recorded on Tuesday’s trading session. Thanks to this latest performance, SUI is closer to the higher price 52-week target of $162.00 and further from the lowest price target of $139.00. Its performance from the start of the year has also been negative, with SUI down by -8.21% year-to-date.
Sun Communities Inc. (SUI) started the day trading at $138.52 and recorded an intraday high of $140.52. It also recorded an intraday low of $133.8 during Wednesday’s trading session. Sun Communities Inc. is a very active stock that recorded a trading volume that is less than -36.5% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 590095, which is less than -36.5 of the total average daily trading volume of 805.47K.
Sun Communities Inc. (NYSE:SUI) 2020 Performance Impressive
The increase in SUI’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SUI currently stands at $173.98, which is higher than the current trading price of the stock by 20.81%. However, SUI’s current trading price is -44.5% lower than the 52-week low price of $95.34. In terms of trading volume, Sun Communities Inc. currently experienced healthy participation during the last trading session. 590095 shares of Sun Communities Inc. were traded on the stock exchange on Wednesday, which is less than -36.5% of the 805.47K average trading volume of the stock.
The performance of the stock has been positive over the past year. SUI’s performance over the past one year has seen it surge by 7.36%, while the stock has gone down by -6.72% in the last six months. The quarterly performance of SUI currently stands at 26.38%, and it is down by -1.68% in the last month. The only negative figure was from the weekly performance, which currently reads -6.02%. At the time of writing SUI’s report, the company has a total market cap of $13.76B, making it one of the largest publicly-traded companies in the world.Sun Communities Inc. also has over 3146 employees all over the world.
SUI Insider Activities
For Sun Communities Inc., insiders hold 89.50% of all company shares. The insider transactions over the past six months are up by 79.00%. During that period, insiders bought 725,200 shares in 10 transactions. In that same period, insiders sold 683,881 of their shares in 27 transactions. After these transactions, insiders at Sun Communities Inc. now hold 1.62M shares, which is over 88.81% of the total company stocks. Institutional investors currently hold a large chunk of the SUI shares, as they control 1.73% of the company’s total stock.
SUI Fundamental Analysis
For Sun Communities Inc., the stock’s diluted earnings per share (EPS) stands at 1.23. In the coming year, analysts expect the EPS to be 1.96. The EPS growth will up over the next five years to 3.00% after surging by 27.50% in the previous five years. In terms of revenue, Sun Communities Inc.’s quarterly sales (YOY) is growing at 0.25, which is lower than the average annual revenue of 27.50% over the past half a decade.
The Return on Investment (ROI) on Sun Communities Inc.’s stock currently stands at 4.30%, and it has a net profit margin of 8.50%. The operating margin of the company is 22.00%, and its gross margin is 58.00%.
SUI Analysts Prediction
Robert W. Baird reiterate their Neutral position on the stock ($100 and $95)
Analysts at RBC Capital Mkts believe that SUI is Outperform, and they have a price target of between $95 and $96. Ladenburg Thalmann and The Benchmark Company also believe that Sun Communities Inc.’s stock is outperforming at the moment.
At the moment, Sun Communities Inc.’s Total Debt to Equity ratio stands at 1.06, and they have a long-term Debt to Equity ratio of 1.06.
SUI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SUI currently stands at -2.72%, while the SMA50 is 2.48%. The biggest one is the SMA200, which is currently reading -6.18% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 46.38, while its price to earnings ratio (P/E) is 112.10.
