Fintel reports that on September 11, 2023, BMO Capital maintained coverage of Sun Communities (NYSE:SUI) with a Outperform recommendation.
Analyst Price Forecast Suggests 28.54% Upside
As of August 31, 2023, the average one-year price target for Sun Communities is 152.74. The forecasts range from a low of 140.39 to a high of $165.90. The average price target represents an increase of 28.54% from its latest reported closing price of 118.83.
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The projected annual revenue for Sun Communities is 3,205MM, an increase of 3.92%. The projected annual non-GAAP EPS is 2.97.
What is the Fund Sentiment?
There are 1010 funds or institutions reporting positions in Sun Communities. This is a decrease of 36 owner(s) or 3.44% in the last quarter. Average portfolio weight of all funds dedicated to SUI is 0.54%, a decrease of 8.92%. Total shares owned by institutions decreased in the last three months by 2.41% to 140,584K shares. 
The put/call ratio of SUI is 2.12, indicating a bearish outlook.
What are Other Shareholders Doing?
Cohen & Steers holds 12,664K shares representing 10.18% ownership of the company. In it's prior filing, the firm reported owning 8,996K shares, representing an increase of 28.96%. The firm increased its portfolio allocation in SUI by 27.11% over the last quarter.
Jpmorgan Chase holds 5,473K shares representing 4.40% ownership of the company. In it's prior filing, the firm reported owning 6,317K shares, representing a decrease of 15.42%. The firm increased its portfolio allocation in SUI by 469.94% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 5,445K shares representing 4.38% ownership of the company. In it's prior filing, the firm reported owning 5,500K shares, representing a decrease of 1.02%. The firm decreased its portfolio allocation in SUI by 2.84% over the last quarter.
Principal Financial Group holds 4,439K shares representing 3.57% ownership of the company. In it's prior filing, the firm reported owning 4,492K shares, representing a decrease of 1.20%. The firm decreased its portfolio allocation in SUI by 15.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,875K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 3,841K shares, representing an increase of 0.86%. The firm decreased its portfolio allocation in SUI by 13.82% over the last quarter.
Sun Communities Background Information
(This description is provided by the company.)
Sun Communities, Inc. is a REIT that, as of December 31, 2020, owned, operated, or had an interest in a portfolio of 552 developed MH, RV and marina properties comprising over 188,000 developed sites in 39 states and Ontario, Canada.
Additional reading:
- SUN COMMUNITIES INVESTOR PRESENTATION (NYSE: SUI) SEPTEMBER 2023 CHERRYWOOD – CLINTON, NY 2 This presentation has been prepared for informational purposes only from information supplied by Sun Communities, Inc., referred to herein as “we,” “our,” “Su
- List of issuers of guaranteed securities
- Sun Communities, Inc. For the Quarter and Year Ended June 30, 2023 and 2022
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