Sun Communities Inc. (NYSE:SUI) has a beta of 0.57, a 12-month trailing P/E ratio of 101.65, and a growth ratio of 33.88. The stock’s Relative Strength Index (RSI) is 76.01, with weekly volatility at 1.41% and ATR at 2.71. The SUI stock’s 52-week price range has touched low of $132.65 and a $176.42 high. Its shares traded higher over the last trading session, gaining 1.29% on 06/10/21. The shares fell to a low of $174.84 before closing at $177.58. Intraday shares traded counted 0.54 million, which was -4.77% lower than its 30-day average trading volume of 513.48K. SUI’s previous close was $175.31 while the outstanding shares total 111.83M.
Investors have identified the REIT – Residential company Sun Communities Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $19.72 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Sun Communities Inc. (SUI) Fundamentals that are to be considered.
SUI were able to record -73.24 million as free cash flow during the 07/26/2021 quarter of the year, this saw their quarterly net cash flow reduce by 27.53 million. In cash movements, the company had a total of 220.49 million as operating cash flow.
Potential earnings growth for Sun Communities Inc. (SUI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/26/2021 quarter of the year, Sun Communities Inc. recorded a total of 442.01 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 29.8% coming in sequential stages and their sales for the 07/26/2021 quarter increasing by 13.07%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 378.13 million trying to sell their products during the last quarter, with the result yielding a gross income of 63.88 million. This allows shareholders to hold on to 111.83M with the recently reported earning now reading 0.23 cents per share. This is a figure that compared to analyst’s prediction for their 07/26/2021 (1.26 cents a share).
Having a look at the company’s valuation, the company is expected to record 6.22 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SUI sounds very interesting.
Is the stock of SUI attractive?
In related news, Chairman & CEO, SHIFFMAN GARY A sold 40,578 shares of the company’s stock in a transaction that recorded on May 25. The sale was performed at an average price of 168.12, for a total value of 6,821,904. As the sale deal closes, the Chairman & CEO, SHIFFMAN GARY A now sold 32,422 shares of the company’s stock, valued at 5,434,900. Also, EVP, CFO, Sec. & Treas., Dearing Karen sold 14,899 shares of the company’s stock in a deal that was recorded on May 20. The shares were price at an average price of 165.00 per share, with a total market value of 2,458,335. Following this completion of acquisition, the Director, BERGERON STEPHANIE W now holds 2,800 shares of the company’s stock, valued at 463,671. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.10%.
7 out of 8 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Sun Communities Inc.. 0 analysts has assigned a Sell rating on the SUI stock. The 12-month mean consensus price target for the company’s shares has been set at $176.88.