Zacks Investment Research downgraded Sun Communities Inc (NYSE:SUI) to Hold in a report released today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Sun Communities Inc (NYSE:SUI) to Hold in a report released on 10/05/2016.
Yesterday Sun Communities Inc (NYSE:SUI) traded 0.58% higher at $74.69. The company’s 50-day moving average is $77.51 and its 200-day moving average is $73.87. The last closing price is up 1.67% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 547,064 shares of SUI changing hands under the typical 565,998
With a total market value of $0, Sun Communities Inc has price-earnings ratio of 37.48 with a one year low of $61.65 and a one year high of $85.98 .
A total of 3 equity analysts have released a research note on SUI. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, three equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $67.67.
Brief Synopsis About Sun Communities Inc (NYSE:SUI)
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. Real Property Operations include several home options of various sizes and designs and consist of MH communities and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. It is engaged in the marketing, selling and leasing of new and pre-owned homes to residents in its communities. It has regional property management offices located in Austin, Texas; Dayton, Ohio; Grand Rapids, Michigan; Traverse City, Michigan; Ft. Myers, Florida, and Orlando, Florida.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.