Sun Communities, Inc. (NYSE:SUI) Set to Announce Quarterly Earnings on Wednesday

Sun Communities, Inc. (NYSE:SUI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Sun Communities has set its Q2 guidance at $0.93-0.95 EPS and its FY17 guidance at $4.16-4.24 EPS.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $234.40 million during the quarter, compared to analysts’ expectations of $194.89 million. Sun Communities had a return on equity of 1.80% and a net margin of 4.65%. Sun Communities’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, analysts expect Sun Communities to post $1.08 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.

Shares of Sun Communities, Inc. (NYSE:SUI) opened at 88.47 on Wednesday. The company’s 50-day moving average price is $87.68 and its 200-day moving average price is $81.90. Sun Communities, Inc. has a 52-week low of $69.90 and a 52-week high of $91.37. The stock has a market cap of $6.53 billion, a PE ratio of 202.45 and a beta of 0.29.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.68 annualized dividend and a dividend yield of 3.03%. Sun Communities’s dividend payout ratio (DPR) is presently 638.11%.

Several brokerages have recently issued reports on SUI. BidaskClub raised Sun Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised Sun Communities from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Saturday, June 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price objective on shares of Sun Communities in a report on Sunday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $90.17.

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Sun Communities Company Profile

Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).

Earnings History for Sun Communities (NYSE:SUI)

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