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Zacks Investment Research downgraded Sun Communities Inc (NYSE:SUI) to Hold in a report released today.

Zacks Investment Research has downgraded Sun Communities Inc (NYSE:SUI) to Hold in a report released on 6/22/2017.

Yesterday Sun Communities Inc (NYSE:SUI) traded -2.55% lower at $90.71. The company’s 50-day moving average is $89.20 and its 200-day moving average is $85.87. The last closing price is up 2.17% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 425,898 shares of the stock traded hands, up from an average trading volume of 372,975

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Sun Communities Inc (NYSE:SUI)

Sun Communities Inc has a 52 week low of $69.90 and a 52 week high of $91.87 with a P/E ratio of 125.51 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $67.67 with 1 brokerage rating the stock a strong buy, 0 analysts rating the company a buy, three analysts rating the company a hold, one analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Sun Communities Inc (NYSE:SUI)

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). As of December 31, 2016, it owned and operated or had an interest in a portfolio of properties located throughout the United States and Ontario, Canada, including 226 MH communities, 87 RV communities, and 28 properties containing both MH and RV sites. The Company operates through two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns, operates, or has an interest in a portfolio, and develops MH communities and RV communities throughout the United States and is in the business of acquiring, operating, and expanding MH and RV communities.

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