Sun Communities (NYSE:SUI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.12-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18. Sun Communities also updated its FY18 guidance to $4.48-4.58 EPS.

Sun Communities (NYSE:SUI) traded down $0.68 on Wednesday, hitting $84.89. The stock had a trading volume of 427,999 shares, compared to its average volume of 431,793. Sun Communities has a 12 month low of $78.78 and a 12 month high of $96.08. The company has a market capitalization of $6,740.00, a PE ratio of 114.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.15.

Sun Communities (NYSE:SUI) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.78. Sun Communities had a return on equity of 2.76% and a net margin of 7.37%. The company had revenue of $242.00 million during the quarter, compared to analysts’ expectations of $207.51 million. During the same period in the prior year, the business earned $0.91 earnings per share. Sun Communities’s revenue for the quarter was up 10.7% compared to the same quarter last year. analysts predict that Sun Communities will post 4.16 EPS for the current fiscal year.

SUI has been the subject of several research reports. Zacks Investment Research raised Sun Communities from a hold rating to a buy rating and set a $103.00 price objective for the company in a research report on Wednesday, December 27th. Royal Bank of Canada increased their price objective on Sun Communities from $95.00 to $96.00 and gave the company an outperform rating in a research report on Thursday, October 26th. ValuEngine raised Sun Communities from a hold rating to a buy rating in a research report on Tuesday, November 14th. Robert W. Baird lowered Sun Communities from an outperform rating to a neutral rating and cut their target price for the company from $100.00 to $95.00 in a research note on Friday, January 5th. Finally, Evercore ISI upgraded Sun Communities from an in-line rating to an outperform rating and set a $86.00 target price for the company in a research note on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $93.57.

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Sun Communities Company Profile

Sun Communities, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV).

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