Trade-Ideas LLC identified Sun Communities ( SUI) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Sun Communities as such a stock due to the following factors:

  • SUI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.8 million.
  • SUI traded 29,921 shares today in the pre-market hours as of 7:43 AM, representing 10.3% of its average daily volume.

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More details on SUI:

Sun Communities, Inc. operates as a real estate investment trust (REIT). It owns, operates, and develops manufactured housing communities in the midwestern, southern, and southeastern United States. The stock currently has a dividend yield of 3.8%. SUI has a PE ratio of 116. Currently there is 1 analyst that rates Sun Communities a buy, 1 analyst rates it a sell, and 1 rates it a hold.

The average volume for Sun Communities has been 324,000 shares per day over the past 30 days. Sun has a market cap of $3.7 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.33 and a short float of 6% with 6.36 days to cover. Shares are up 10.8% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sun Communities as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from the ratings report include:
  • The revenue growth greatly exceeded the industry average of 6.2%. Since the same quarter one year prior, revenues rose by 41.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 50.0% when compared to the same quarter one year prior, rising from $24.19 million to $36.27 million.
  • 35.65% is the gross profit margin for SUN COMMUNITIES INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 19.56% trails the industry average.
  • Compared to its closing price of one year ago, SUI's share price has jumped by 25.44%, exceeding the performance of the broader market during that same time frame. Setting our sights on the months ahead, however, we feel that the stock's sharp appreciation over the last year has driven it to a price level which is now relatively expensive compared to the rest of its industry. The implication is that its reduced upside potential is not good enough to warrant further investment at this time.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, SUN COMMUNITIES INC's return on equity significantly trails that of both the industry average and the S&P 500.

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