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5 Companies Hit 52-Week Highs

According to GuruFocus' list of 52-week highs, these stocks have reached annual milestones

Sun Communities reached the 52-week high of $152.25

Sun Communities Inc. (NYSE:SUI) is a real estate investment trust that acquires, operates, and develops manufactured housing and recreational vehicle communities throughout the United States. The vast majority of the company's real estate portfolio is comprised of manufactured housing communities in terms of the total number of properties. Sun Communities divides its assets geographically into Midwestern, Southern, Southwestern, and Other segments. The markets of Michigan and Florida, cumulatively, account for most of the firm's holdings. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants through annual leases. Many of Sun Communities' sites offer amenities, such as clubhouses, swimming pools, spas, and exercise rooms.


The price of Sun Communities Inc. shares has reached $152.25, which is 0.1% off the 52-week high of $152.43. Sun Communities Inc. has a market cap of $13.8 billion; its shares were traded around $152.25 with a price-earnings ratio of 99.50 and a price-sales ratio of 10.91. The trailing 12-month dividend yield of Sun Communities Inc. stocks is 1.94%. The forward dividend yield of Sun Communities Inc. stocks is 1.97%. Sun Communities Inc. had an annual average earnings growth of 0.70% over the past 5 years.

Sun Communities Inc. recently reported its second-quarter results for 2019. For the quarter ended June 30, 2019, total revenue increased by $41.0 million, or 15.1 percent, up to $312.4 million compared to $271.4 million for the same period in 2018. Net income attributable to common stockholders was $40.4 million, or $0.46 per diluted common share, for the quarter ended June 30, 2019, as compared to net income attributable to common stockholders of $20.4 million, or $0.25 per diluted common share, for the same period in 2018.

Executive Vice President, Chief Financial Officer, Secretary, and Treasurer Karen Dearing sold 11,204 shares of Sun Communities stock on September 20, 2019, at the price of $148.50 per share. The price of the stock has increased by 2.53% since.

American Electric Power Co. Inc. reached the 52-week high of $93.61

American Electric Power (NYSE:AEP) is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million retail customers in 11 states. About 47% of AEP's capacity is coal, with the remainder from a mix of natural gas (27%), renewables (13%), nuclear (7%), and demand response (6%). Earnings are supported by vertically integrated utilities (51%), transmission and distribution utilities (24%), competitive transmission (14%), and unregulated generation and marketing (11%).

The price of American Electric Power shares has reached $93.61, which is 1.4% off the 52-week high of $94.89. The company has a market cap of $46.22 billion; its shares were traded around $93.61 with a price-earnings ratio of 23.47 and a price-sales ratio of 2.93. The trailing 12-month dividend yield of American Electric Power stocks is 2.86%. The forward dividend yield of American Electric Power stocks is 2.86%. American Electric Power had an annual average earnings growth of 0.70% over the past 5 years.

American Electric Power recently reported second-quarter 2019 earnings, prepared in accordance with Generally Accepted Accounting Principles, of $461 million or $0.93 per share, compared with GAAP earnings of $528 million or $1.07 per share in second-quarter 2018. Operating earnings for second-quarter 2019 were $494 million or $1.00 per share, compared with operating earnings of $498 million or $1.01 per share in second-quarter 2018.

VEREIT Inc. reached the 52-week high of $10.05

VEREIT (NYSE:VER) is a real estate investment trust primarily involved in the ownership of property located in the U.S. and Canada. VEREIT organizes its operations into Real Estate Investment and Investment Management segments. The company derives the vast majority of its income from its Real Estate Investment division in the form of rental income from long-term leases. This business unit owns and manages a real estate portfolio that is fairly evenly diversified between retail, restaurant, office, and industrial properties. A sizable amount of the company's total rental income is derived from customers in the casual dining restaurant and manufacturing industries. VEREIT's Investment Management segment manages the affairs of nontraded REITs through its wholly-owned subsidiary, Cole Capital.

The price of VEREIT Inc. shares has reached $10.05, which is 0.8% off the 52-week high of $10.13. The company has a market cap of $10.73 billion; its shares were traded around $10.05 with a price-earnings ratio of 41.89 and a price-sales ratio of 7.90. The trailing 12-month dividend yield of VEREIT Inc. stocks is 5.47%. The forward dividend yield of VEREIT Inc. stocks is 5.47%.

VEREIT Inc. announced recently its operating results for the three months ending June 30, 2019. Net income for the quarter ended June 30, 2019, increased $367.0 million to $292.3 million as compared to a net loss of $74.7 million for the same quarter in 2018, and net income per diluted share increased $0.36 to $0.27 for the quarter ended June 30, 2019, as compared to net loss per diluted share of $0.09 for the same quarter in 2018.

Director of Sales Thomas W. Roberts sold 25,000 shares of VEREIT stock on September 17, 2019, at the price of $9.87 per share. The price of the stock has increased by 1.82% since.

Dollar General Corp. reached the 52-week high of $160.97

Dollar General (NYSE:DG) is a discount retailer in the United States, with more than 13,300 stores in 43 states at the end of fiscal 2016. The company offers a broad selection of food and general merchandise, typically at $5 or less, through convenient and small (average 7,400 square feet) formats. In 2007, Dollar General was acquired by investment funds affiliated with Kohlberg Kravis Roberts but began trading publicly again in 2009. KKR exited its position in late 2013.,

The price of Dollar General Corp. shares has reached $160.97, which is 0.9% off the 52-week high of $162.34. The company has a market cap of $41.38 billion; its shares were traded around $160.97 with a price-earnings ratio of 25.85 and a price-sales ratio of 1.59. The trailing 12-month dividend yield of Dollar General Corp. stocks is 0.76%. The forward dividend yield of Dollar General Corp. stocks is 0.80%. Dollar General Corp. had an annual average earnings growth of 12.80% over the past 10 years.

Dollar General Corporation recently reported financial results for its fiscal year 2019 second quarter (13 weeks) ended August 2, 2019. Net sales increased by 8.4% to $7.0 billion in the second quarter of 2019 compared to $6.4 billion in the second quarter of 2018. Operating profit for the second quarter of 2019 grew 5.9% to $577.8 million compared to $545.5 million in the second quarter of 2018. The company reported a net income of $426.6 million for the second quarter of 2019 compared to $407.2 million in the second quarter of 2018. Diluted earnings per share increased by 8.6% to $1.65 for the second quarter of 2019 compared to diluted earnings per share of $1.52 in the second quarter of 2018.

Intercontinental Exchange Inc. reached the 52-week high of $94.00

Atlanta-based Intercontinental Exchange (NYSE:ICE) operations include futures exchanges in Canada, the United Kingdom, and the United States. The company also has a large clearinghouse operation. Products include a large line of energy and agricultural commodity derivatives, as well as products linked to stock indexes and trading services for credit default swaps. The acquisition of NYSE Euronext added products such as interest-rate derivatives, equities, and U.S. stock options.

The price of Intercontinental Exchange Inc. shares has reached $94.00, which is 1.6% off the 52-week high of $95.55. Intercontinental Exchange Inc. has a market cap of $52.68 billion; its shares were traded around $94.00 with a price-earnings ratio of 26.47 and a price-sales ratio of 8.44. The trailing 12-month dividend yield of Intercontinental Exchange Inc. stocks is 1.13%. The forward dividend yield of Intercontinental Exchange Inc. stocks is 1.17%. Intercontinental Exchange Inc. had an annual average earnings growth of 14.50% over the past 10 years. GuruFocus has assigned Intercontinental Exchange Inc. a business predictability rank of 5-star.

Intercontinental Exchange recently reported financial results for the second quarter of 2019. For the quarter ended June 30, 2019, consolidated net income attributable to ICE was $472 million on $1.3 billion of consolidated revenues, less transaction-based expenses. Second-quarter GAAP diluted earnings per share were $0.84. Adjusted net income attributable to ICE was $534 million in the second quarter and adjusted diluted earnings per share were $0.94.

Vice-Chairman Charles A. Vice sold 25,000 shares of Intercontinental Exchange stock on September 23, 2019, at the price of $92.57 per share. The price of the stock has increased by 1.54% since.

Disclosure: I do not own the stocks discussed

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This article first appeared on GuruFocus.