Evercore ISI has recently reduced Sun Communities Inc (SUI) stock rating, as announced on September 16, 2024, according to Finviz. Earlier, on January 30, 2024, Deutsche Bank had initiated the stock to Hold, setting a price target of $129. Truist also reduced Hold rating with a price target of $143. Additionally, Compass Point initiated Neutral rating on October 10, 2023, with a target price of $125. BofA Securities analysts, in their report published on October 2, 2023, also reduced Neutral rating and set a price target of $128 for Sun Communities Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Sun Communities Inc (SUI) Stock Trading Recap
On Tuesday, Sun Communities Inc (SUI) stock saw a decline, ending the day at $133.74 which represents a decrease of $-1.41 or -1.04% from the prior close of $135.15. The stock opened at $135.87 and touched a low of $132.43 during the day, reaching a high of $135.9. The volume of shares traded was 1.23 million exceeding the average volume of 0.79 million.
SUI Stock Performance and Moving Averages
In recent trading, Sun Communities Inc (SUI) stock price has shown some volatility, fluctuating -3.85% over the last five trades and -1.11% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 8.47%, and it has gained 13.26% in the previous three months. Currently, SUI is trading at -4.76%, -0.33%, and 5.20% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SUI, a Real Estate sector stock, is trading -9.53% below its 52-week high but remains 30.17% above its 52-week low. The Average True Range (ATR) (14 days) of 2.86 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Sun Communities Inc’s Profitability and Valuation Ratios
Sun Communities Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 15.23% and a profit margin of 3.14%, with a gross margin of 8.47%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Sun Communities Inc’s market capitalization stands at $16.67 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 156.99, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 61.44. Additionally, the Price-to-Sales Ratio is 5.11, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.42, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.48% of Sun Communities Inc (SUI)’s shares, while financial institutions hold 98.26%.
Notable insider trades include Underwood Baxter, CEO – Safe Harbor Marinas, LLC at Sun Communities Inc (SUI), who sold 3000 shares on Aug 05 ’24, at $131.43 each, totaling $0.39 million. On Mar 28 ’24, Leupold Craig, Director, sold 2500 shares for $128.39 each, amounting to $0.32 million. Additionally, on Mar 22 ’24, Underwood Baxter sold 4000 shares at $131.48 each, generating $0.53 million.
