BMO Capital Upgrades Sun Communities Inc to Outperform

Brokerage firm BMO Capital Upgrades its rating on Sun Communities Inc(NYSE:SUI). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by BMO Capital was issued on Sep 16, 2016.

In a different note, On Sep 12, 2016, Citigroup said it Upgrades its rating on Sun Communities Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Sun Communities Inc. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm.

Sun Communities Inc (SUI) made into the market gainers list on Thursdays trading session with the shares advancing 1.01% or 0.8 points. Due to strong positive momentum, the stock ended at $79.64, which is also near the day’s high of $80. The stock began the session at $79.43 and the volume stood at 4,89,600 shares. The 52-week high of the shares is $85.98 and the 52 week low is $61.65. The company has a current market capitalization of $5,467 M and it has 6,86,42,992 shares in outstanding.

Sun Communities Inc has also declared a cash dividend of $0.6500 on Sep 6, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Sun Communities Inc(SUI) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $140.00M. Analysts had an estimated revenue of $129.54M. Earnings per share were $0.85. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Clunet R Lewis (director) sold 1,800 shares at $78.16 per share price.Also, On Jul 1, 2016, Gary A Shiffman (Chrmn and CEO) sold 18,371 shares at $76.48 per share price.On Jun 13, 2016, Paul D Lapides (director) sold 6,127 shares at $68.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Sun Communities Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States including 183 MH communities 25 RV communities and nine properties containing both MH and RV sites.

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