Sun Communities (SUI) Gets a Hold Rating from Wells Fargo

By Carrie Williams

In a report released yesterday, Todd Stender from Wells Fargo maintained a Hold rating on Sun Communities (SUIResearch Report). The company’s shares closed last Monday at $148.35, close to its 52-week high of $151.64.

According to TipRanks.com, Stender is a 4-star analyst with an average return of 12.4% and a 70.7% success rate. Stender covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, National Retail Properties, and Extra Space Storage.

Currently, the analyst consensus on Sun Communities is a Moderate Buy with an average price target of $153.

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Sun Communities’ market cap is currently $13.33B and has a P/E ratio of 97.57. The company has a Price to Book ratio of 3.84.

Based on the recent corporate insider activity of 42 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sun Communities, Inc. provides real estate management services. The firm operates through the following segments: Real Property Operations and Home Sales and Rentals.