Sun Communities Reports Q3 Financials

Sun_CommunitiesReal estate investment trust (REIT) and owner of manufactured home communities (MHC) Sun Communities, Inc. (NYSE:SUI) reported $0.95 earnings per share (EPS) for Q3, 2015, short of analysts’ consensus estimates of $1.04 by $0.09, according to dakotafinancialnews.

The company has a 12-month low of $53.44 and a 12-month high of $71.40; the market cap is $3.80 billion and the P?E ratio is 120.14. The stock has a 50-day moving average of $67.53 and a 200-day moving average of $65.46.

As financialmagazin reports, Sun had revenue of $185.35 million producing net income of $40.8 million. Its stock has risen 2.10 percent since March 24, 2015, and it has outperformed the S&P 500 by 3.07 percent. The stock closed on Oct. 26 at $70.64. One analyst has a target price of $95.47, about 35.00 percent above its high. The stock closed in today’s trading at $68.59, -1.47 percent.

MHProNews knows Sun owns and operates a portfolio of 217 properties comprised of 183 manufactured home communities, 25 recreational vehicle communities and nine communities that have both MH and RV sites. ##

(Image credit: Sun Communities, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews,

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