Setting 52 Week High, Sun Communities Inc (NYSE:SUI) Settle At $105.05

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

Sun Communities Inc (NYSE:SUI)

December 5th, 2018
Amidst falling markets Sun Communities Inc finished Tuesday’s trading session down 0.16%, a $0.17 decrease to close on $105.05. Despite the drop in price it hit a new 52 week high of $105.99. Despite the drop in value, trading volumes were solid at 259% of normal which can indicate investor opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.51.

SUI outperformed the rest of the Real Estate sector which went down only 1.26% today.

Results from 7 analysts indicates that Sun Communities Inc might grow somewhat (2.64%), while Finbox has calculated (with medium uncertainty) a fair value price of $88.58.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary both saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Sun Communities is based in Southfield. Sun Communities was founded in 1975.

Sun Communities Inc Info

Sun Communities, Inc. is a REIT that, as of June 30, 2018, owned, operated, or had an interest in a portfolio of 367 communities comprising approximately 126,000 developed sites in 31 states and Ontario, Canada.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Sun Communities Inc’s score is 1.51) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

SUI daily update

SUI daily update
SUI daily update

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