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).
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