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

Yesterday Sun Communities Inc (NYSE:SUI) traded -1.27% lower at $90.38. The company’s 50-day moving average is $89.17 and its 200-day moving average is $86.12. The last stock close price is up 0.39% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 459,622 shares of the stock were exchanged, up from an average trading volume of 366,873

Zacks Investment Research has downgraded Sun Communities Inc (NYSE:SUI) to Hold in a report released on 06/16/2017.

Previously on 6/1/2017, RBC Capital Markets reported about Sun Communities Inc (NYSE:SUI) raised the target price from $0.00 to $92.00. At the time, this indicated a possible upside of 0.07%.

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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 123.69 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 firm rating the stock a strong buy, 0 firms rating the stock a buy, 3 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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