In a report released today, John Kim from BMO Capital maintained a Buy rating on Sun Communities (SUI – Research Report), with a price target of $185.00. The company’s shares closed last Monday at $160.18.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 2.3% and a 51.2% success rate. Kim covers the Financial sector, focusing on stocks such as Easterly Government Properties, Hudson Pacific Properties, and National Health Investors.
Sun Communities has an analyst consensus of Strong Buy, with a price target consensus of $196.75.
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The company has a one-year high of $211.79 and a one-year low of $148.64. Currently, Sun Communities has an average volume of 558.6K.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SUI in relation to earlier this year.
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Sun Communities, Inc. provides real estate management services. The firm operates through the following segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns, operates, and develops manufacture housing communities and recreational vehicle communities throughout the United States and is in the business of acquiring, operating, and expanding manufactured housing and recreational vehicle communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The company was founded in 1975 and is headquartered in Southfield, MI.
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