Analyst Rating Update on Sun Communities (SUI)

Sun Communities (NYSE:SUI) : 2 brokerage houses believe that Sun Communities (NYSE:SUI) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Sun Communities (NYSE:SUI) : Currently there are 2 street experts covering Sun Communities (NYSE:SUI) stock. The most bullish and bearish price target for the stock is $74 and $65 respectively for the short term. The average price target of all the analysts comes to $69.5. The estimated standard deviation from the target is $6.36.

For the current week, the company shares have a recommendation consensus of Buy.

Sun Communities (NYSE:SUI): stock turned positive on Tuesday. Though the stock opened at $73.25, the bulls momentum made the stock top out at $75.79 level for the day. The stock recorded a low of $72.93 and closed the trading day at $75.44, in the green by 3.46%. The total traded volume for the day was 701,108. The stock had closed at $72.92 in the previous days trading.

In an insider trading activity, Lapides Paul D, director of Sun Communities Inc, unloaded 6,127 shares at an average price of $68.23 on June 8, 2016. The total amount of the transaction was worth $418,045, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States, including 183 MH communities, 25 RV communities and nine properties containing both MH and RV sites.

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