On Tuesday, Sun Communities, Inc. (NYSE: SUI) opened higher 1.68% from the last session ,before settling in for the closing price of $126.08. Price fluctuations for SUI have ranged from $102.74 to $143.99 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 25.02%. Company’s average yearly earnings per share was noted 205.60% at the time writing. With a float of $122.59 million, this company’s outstanding shares have now reached $124.44 million.
Let’s determine the extent of company efficiency that accounts for 6780 employees.
Sun Communities, Inc. (SUI) Insider Activity
A key investor’s attitude towards the stock of the REIT – Residential industry is another important factor to consider. The insider ownership of Sun Communities, Inc. is 1.46%, while institutional ownership is 101.07%. The most recent insider transaction that took place on Mar 28 ’24, was worth 320,986. In this transaction Director of this company sold 2,500 shares at a rate of $128.39, taking the stock ownership to the 0 shares. Before that another transaction happened on Mar 22 ’24, when Company’s CEO – Safe Harbor Marinas, LLC sold 4,000 for $131.48, making the entire transaction worth $525,920. This insider now owns 66,852 shares in total.
Sun Communities, Inc. (SUI) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted -$0.65 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.38) by -$0.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 205.60% per share during the next fiscal year.
Sun Communities, Inc. (NYSE: SUI) Trading Performance Indicators
Check out the current performance indicators for Sun Communities, Inc. (SUI). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.92. Likewise, its price to free cash flow for the trailing twelve months is 19.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.14, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 1.94 in one year’s time.
Technical Analysis of Sun Communities, Inc. (SUI)
Looking closely at Sun Communities, Inc. (NYSE: SUI), its last 5-days average volume was 0.52 million, which is a drop from its year-to-date volume of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 52.04%. Additionally, its Average True Range was 2.60.
During the past 100 days, Sun Communities, Inc.’s (SUI) raw stochastic average was set at 55.40%, which indicates a significant decrease from 56.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.80% in the past 14 days, which was higher than the 22.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $128.63, while its 200-day Moving Average is $125.73. However, in the short run, Sun Communities, Inc.’s stock first resistance to watch stands at $129.14. Second resistance stands at $130.08. The third major resistance level sits at $131.68. If the price goes on to break the first support level at $126.60, it is likely to go to the next support level at $125.01. Should the price break the second support level, the third support level stands at $124.07.
Sun Communities, Inc. (NYSE: SUI) Key Stats
There are currently 124,642K shares outstanding in the company with a market cap of 15.95 billion. Presently, the company’s annual sales total 3,225 M according to its annual income of -201,000 K. Last quarter, the company’s sales amounted to 726,700 K and its income totaled -427,600 K.
