SUI - Sun Communities, Inc.

NYSE - NYSE Delayed Price. Currency in USD
153.14
-0.32 (-0.21%)
At close: 4:02PM EST
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Previous Close153.46
Open153.36
Bid152.52 x 900
Ask152.75 x 800
Day's Range151.36 - 154.69
52 Week Range96.95 - 166.32
Volume865,599
Avg. Volume563,179
Market Cap14B
Beta (5Y Monthly)0.22
PE Ratio (TTM)95.35
EPS (TTM)1.61
Earnings DateFeb 19, 2020
Forward Dividend & Yield3.00 (1.95%)
Ex-Dividend Date2019-12-30
1y Target Est161.29
  • Encouraging Near-Term Outlook for Residential REIT Stocks
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  • GlobeNewswire

    Sun Communities, Inc. Announces Dates for Fourth Quarter 2019 Earnings Release and Conference Call

    Southfield, MI, Nov. 27, 2019 --  Sun Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in.

  • GlobeNewswire

    Sun Communities, Inc. Declares Fourth Quarter 2019 Dividend

    Southfield, MI, Nov. 27, 2019 (GLOBE NEWSWIRE) --  Sun Communities, Inc. (SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced its Board of Directors declared a quarterly distribution of $0.75 per share of common stock for the fourth quarter of 2019. As of December 13, 2019, the Company will convert all outstanding shares of its 6.50% Series A-4 Cumulative Convertible Preferred Stock and all outstanding Series A-4 preferred OP units issued by its operating partnership into shares of common stock and common OP units, respectively.

  • 3 Real Estate Companies to Invest in Now
    InvestorPlace

    3 Real Estate Companies to Invest in Now

    The end of the year is a time for investors to focus on diversification. Despite the major exchanges continuing to hit record highs, there are reasons for investors to be uneasy.The market continues to digest the impacts (real and perceived) of the U.S.-China trade war. Earnings reports, though basically strong, suggest some weakness may exist. Institutional investors are spurning the usually fast-growing "unicorn" stocks. And 2020 is an election year which introduces uncertainty into the market.With uncertainty comes volatility. If you're looking for investment strategies to diversify your portfolio, now may be a time to look at real estate investment trusts (REITs).InvestorPlace - Stock Market News, Stock Advice & Trading TipsREITs own, operate or finance income-generating real estate properties such as apartment complexes or retail locations. REITs are heavily regulated and must meet a number of qualifications. They are legally required to pay at least 90% of their taxable income in dividends.REITs are often specialized in specific areas such as residential or commercial. But even within those two areas there are distinctions. For example some REITs focus on healthcare facilities, others focus on apartments, and others may focus on shopping centers. * 7 Companies Using Artificial Intelligence to Outperform the Market Here are three REITs that set up well for whatever hits the market in 2020. Sun Communities (SUI)Dividend yield: 1.89%Source: Shutterstock The first REIT I want to discuss is Sun Communities (NYSE:SUI). Manufactured homes are showing the highest percentage growth of all REIT sub sectors in 2019. Sun Communities is one of the leading REITs in this sector and focuses on the midwestern and southeastern United States.With a market cap of $14.96 billion, Sun Communities is a large REIT that has been on a steady rise since the depths of the global economic crisis and the housing crisis. With that said, the stock has been getting a lift recently from a strong housing market. SUI stock is up over 55% in 2019.On Nov. 19, the Commerce Department released information on the housing market that showed that it is getting ready to heat up even though the calendar says it's winter.Residential construction surged in October with permits at their highest level since May 2007. Housing stats were also up in October. Although slightly lower than estimates, the 1.314 million number is an 8.5% year-over-year increase.SUI should continue to have a catalyst going forward as many rental properties are still citing very low vacancy rates. Welltower (WELL)Dividend yield: 4.18%The next REIT for you to consider is Welltower (NYSE:WELL). This is the largest healthcare REIT. Its properties span a variety of categories across the spectrum of patient care. WELL owns over 1,517 properties including hospitals, outpatient clinics, assisted living, and skilled nursing facilities across the U.S., Canada, and the United Kingdom.Healthcare will continue to be a hot sector with a number of catalysts. To begin with, the baby boomer generation is aging, and approximately 63% of WELL's net operating income comes from senior housing. This is the core of the company's portfolio.And despite the rhetoric about a single payer system and "Medicare for all," approximately 94% of Welltower's revenues are private payers, so the stock is not exposed to that risk.Welltower's stock is up over 26% in 2019. In the second quarter, the company generated $1.3 billion in revenue with earnings coming in at $137.7 million. * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities It's fair to be concerned about a dividend that has not grown in three years. But while it may not be best in class, it's certainly not the worst. And with the stability you get from the recession-proof property mix, it's a stock that's worthy of consideration. Equinix (EQIX)Dividend yield: 1.76%Source: Ken Wolter / Shutterstock.com Equinix (NASDAQ:EQIX) is a REIT with exposure to the growing data center segment. EQIX owns over 200 data centers. Their global customer base includes nearly half of the Fortune 500 companies.EQIX stock is up nearly 59% in 2019 compared to the S&P 500, which has returned 26.8%. But EQIX stock is not a one-year wonder. Over the last 10 years, Equinix stock has grown 640%, which crushes the 245% return in the broader market.Institutional investors are forecasting the company's earnings per share (EPS) to grow at a 21.4% average annual rate for the next five years. If that pans out, and there's no reason to believe it won't, the company will continue to have solid growth in its funds from operation (FFO). A larger FFO will allow EQIX to increase its dividend. EQIX shares currently have a dividend yield of 1.76%.A catalyst for the data center segment is the organic growth that comes from recurring revenues. In the case of Equinix, recurring revenue accounts for approximately 94% of total revenues.As of this writing, Chris Markoch did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Using Artificial Intelligence to Outperform the Market * 7 Earnings Reports to Watch Next Week * 6 Retail Stocks Dropping Hard Ahead of Black Friday The post 3 Real Estate Companies to Invest in Now appeared first on InvestorPlace.

  • Barrons.com

    Finding an Apartment to Rent Is Hard. Here Come the Builders.

    Building permits for residential construction surged in October from a year earlier to the highest level since May 2007, thanks in large part to multi-family requests, suggesting the housing pipeline is heating up even as winter sets in.

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  • GlobeNewswire

    Sun Communities, Inc. Closes Acquisition of Jensen Portfolio

    Sun Communities, Inc. (SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced the closing of its previously-announced acquisition of Jensen’s, Inc. (“Jensen”). The Jensen portfolio includes 31 manufactured housing communities located in eight states comprising 5,230 developed sites and over 460 additional expansion sites available for development. At the closing, the Company issued 1,972,906 shares of common stock to Jensen shareholders, valued at the time of the execution of the merger agreement at $274.8 million, and paid the balance of the adjusted purchase price in cash.

  • Thomson Reuters StreetEvents

    Edited Transcript of SUI earnings conference call or presentation 24-Oct-19 3:00pm GMT

    Q3 2019 Sun Communities Inc Earnings Call

  • Sun Communities (SUI) Surpasses Q3 FFO and Revenue Estimates
    Zacks

    Sun Communities (SUI) Surpasses Q3 FFO and Revenue Estimates

    Sun Communities (SUI) delivered FFO and revenue surprises of 0.69% and 4.16%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Sun Communities, Inc. Reports 2019 Third Quarter Results

    Southfield, Michigan, Oct. 23, 2019 --  Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an.

  • Hedge Funds Are Buying Sun Communities Inc (SUI)
    Insider Monkey

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    5 Companies Hit 52-Week Highs

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  • Have Sun Communities, Inc. (NYSE:SUI) Insiders Been Selling Their Stock?
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    UMH Properties' (UMH) latest purchase of Northtowne Meadows, in the challenging acquisition market, marks the completion of the company's four-community portfolio buyout for around $55 million.

  • GlobeNewswire

    Sun Communities, Inc. Announces Dates for Third Quarter 2019 Earnings Release and Conference Call

    Southfield, MI, Aug. 28, 2019 -- Sun Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in.

  • GlobeNewswire

    Sun Communities, Inc. Declares Third Quarter 2019 Dividends

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    Sun Communities Inc (SUI) Pres & COO John Bandini Mclaren Sold $1.1 million of Shares

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  • Sun Communities to Buy Jensen's Manufactured Housing Assets
    Zacks

    Sun Communities to Buy Jensen's Manufactured Housing Assets

    Sun Communities (SUI) is set to merger Jensen's, as a subsidiary of the company, through which it will acquire a 31-community manufactured housing property portfolio for $343.6 million.

  • GlobeNewswire

    Sun Communities, Inc. to Acquire 31-Community Manufactured Housing Portfolio

    Sun Communities, Inc. (SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced that it has entered into an agreement to acquire a 31-community manufactured housing portfolio for $343.6 million through a merger of Jensen’s, Inc. (“Jensen’s”) into a subsidiary of the Company. The purchase price, after adjustments as described below, will be paid through a combination of issuing common stock to Jensen’s shareholders and a cash payment. The Company is acquiring 31 manufactured housing communities comprising 5,230 developed sites and over 460 additional expansion sites available for development.

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    Simply Wall St.

    How Should You Analyze REIT Stock Sun Communities, Inc. (NYSE:SUI)?

    Sun Communities, Inc. is a US$13b large-cap, real estate investment trust (REIT) based in Southfield, United States...