Brokerage Firm Rating Update on Sun Communities (SUI)

Sun Communities (SUI) : The consensus on Sun Communities (SUI) based on 3 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Sun Communities (SUI).

Sun Communities (SUI) : Average target price received by Sun Communities (SUI) is $75 with an expected standard deviation of $14.14. The most aggressive target on the stock is $85, whereas the most downbeat target is $65. 2 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Sun Communities (NYSE:SUI). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $70 per share to $80 per share. The rating by the firm was issued on July 7, 2016.

Sun Communities (NYSE:SUI): The stock opened at $77.83 and touched an intraday high of $78.81 on Wednesday. During the day, the stock corrected to an intraday low of $77.42, however, the bulls stepped in and pushed the price higher to close in the green at $78.78 with a gain of 1.13% for the day. The total traded volume for the day was 341,748. The stock had closed at $77.9 in the previous trading session.

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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