In the latest session, Sun Communities, Inc. (NYSE: SUI) closed at $125.80 down -2.17% from its previous closing price of $128.59. In other words, the price has decreased by -$2.79 from its previous closing price. On the day, 589865 shares were traded.
Ratios:
For a deeper understanding of Sun Communities, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 366.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.37. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on January 30, 2024, initiated with a Hold rating and assigned the stock a target price of $129.
On January 16, 2024, Truist Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $130 to $143.
On October 10, 2023, Compass Point started tracking the stock assigning a Neutral rating and target price of $125.Compass Point initiated its Neutral rating on October 10, 2023, with a $125 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 22 ’24 when Underwood Baxter sold 4,000 shares for $131.48 per share. The transaction valued at 525,920 led to the insider holds 66,852 shares of the business.
LEWIS CLUNET R sold 500 shares of SUI for $65,565 on Mar 05 ’24. The Director now owns 28,400 shares after completing the transaction at $131.13 per share. On Nov 30 ’23, another insider, Underwood Baxter, who serves as the CEO – Safe Harbor Marinas, LLC of the company, sold 2,000 shares for $128.99 each. As a result, the insider received 257,980 and left with 66,896 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SUI now has a Market Capitalization of 16.00B and an Enterprise Value of 23.75B. As of this moment, Sun’s Price-to-Earnings (P/E) ratio for their current fiscal year is 110.80, and their Forward P/E ratio for the next fiscal year is 64.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 69.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.83 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 7.47 whereas that against EBITDA is 30.78.
Stock Price History:
Over the past 52 weeks, SUI has reached a high of $143.99, while it has fallen to a 52-week low of $102.74. The 50-Day Moving Average of the stock is 129.35, while the 200-Day Moving Average is calculated to be 126.10.
Shares Statistics:
For the past three months, SUI has traded an average of 860.09K shares per day and 645.62k over the past ten days. A total of 124.44M shares are outstanding, with a floating share count of 122.58M. Insiders hold about 1.47% of the company’s shares, while institutions hold 101.10% stake in the company. Shares short for SUI as of Feb 29, 2024 were 1.49M with a Short Ratio of 1.73, compared to 1.06M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.20% and a Short% of Float of 1.42%.
Dividends & Splits
According to the company, the forward annual dividend rate for SUI is 3.72, from 3.72 in the trailing year. Against a Trailing Annual Dividend Yield of 2.89%, it implies a Forward Annual Dividend Yield of 2.92%. The stock’s 5-year Average Dividend Yield is 2.23. The current Payout Ratio is 176.36% for SUI, which recently paid a dividend on Apr 15, 2024 with an ex-dividend date of Mar 27, 2024. Stock splits for the company last occurred on May 10, 2006 when the company split stock in a 5:1 ratio.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of $0.04 and a low estimate of -$0.17, while EPS last year was -$0.24. The consensus estimate for the next quarter is $0.64, with high estimates of $0.73 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.31 and $1.86 for the fiscal current year, implying an average EPS of $2.08. EPS for the following year is $2.46, with 5 analysts recommending between $2.88 and $1.97.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $676.15M this quarter.It ranges from a high estimate of $734.25M to a low estimate of $646.16M. As of the current estimate, Sun Communities, Inc.’s year-ago sales were $616.79M, an estimated increase of 9.60% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $897.69M, an increase of 7.30% less than the figure of $9.60% in the same quarter last year. There is a high estimate of $958.82M for the next quarter, whereas the lowest estimate is $844.06M.
A total of 8 analysts have provided revenue estimates for SUI’s current fiscal year. The highest revenue estimate was $3.63B, while the lowest revenue estimate was $3.16B, resulting in an average revenue estimate of $3.35B. In the same quarter a year ago, actual revenue was $3.22B, up 3.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.47B in the next fiscal year. The high estimate is $3.68B and the low estimate is $3.29B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
