Sun Communities (SUI) : The consensus on Sun Communities (SUI) based on 3 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Sun Communities (SUI).
Sun Communities (SUI) : 2 investment research analysts covering Sun Communities (SUI) have an average price target of $75.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $85 and the lowest target is $66 for the short term. Analysts expect the variance to be within $13.44 of the average price.
Also, Citigroup maintains their rating on the shares of Sun Communities (NYSE:SUI). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $80 per share from $70 per share. The rating by the firm was issued on July 7, 2016.
Sun Communities (NYSE:SUI): The stock opened in the green at $76.92 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $77.35 and a low of $76.437 for the day. The stock did not find buyers even at the lows and closed at $76.94 recording a loss of -0.41%. 505,948 shares exchanged hands during the trading day. The stock had closed at $77.26 in the previous days trading.
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.