Sun Communities (SUI) Reaches New Lifetime High Today

Trade-Ideas LLC identified Sun Communities ( SUI) as a new lifetime high 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 $75.2 million.
  • SUI has traded 5,398 shares today.
  • SUI is trading at a new lifetime high.

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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 3.4%. SUI has a PE ratio of 3. Currently there are 2 analysts that rate Sun Communities a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Sun Communities has been 543,400 shares per day over the past 30 days. Sun has a market cap of $4.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.18 and a short float of 7.4% with 2.20 days to cover. Shares are up 11.4% 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • SUI's revenue growth has slightly outpaced the industry average of 11.9%. Since the same quarter one year prior, revenues rose by 12.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • Net operating cash flow has increased to $50.93 million or 24.37% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 11.47%.
  • SUN COMMUNITIES INC has improved earnings per share by 7.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, SUN COMMUNITIES INC increased its bottom line by earning $2.46 versus $0.59 in the prior year. For the next year, the market is expecting a contraction of 82.5% in earnings ($0.43 versus $2.46).

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