Professional
Added to YB: 2024-02-22
Pitch date: 2024-02-21
SUI [bullish]
Sun Communities, Inc.
-1.78%
current return
Author Info
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Company Info
Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI.
Market Cap
$13.9B
Pitch Price
$118.01
Price Target
170.00 (+47%)
Dividend
3.91%
EV/EBITDA
17.43
P/E
141.16
EV/Sales
7.69
Sector
Residential REITs
Category
growth
Show full summary:
Sun Communities, Inc.: Growth Reported in Q4 and Forecast for 2024 Higher Than Anticipated
$SUI Q4: 97.3% occ, 8.6% rev growth in mfd housing; RV rev +15.8% membership, -17.7% transient; marina rev +8.2%; 9.6% NOI growth beats est; 2024 outlook strong. 670 props near water, aging demo risk, no moat. FV $170 on M&A+redev strategy.
Read full article (10 min)