Sun Communities (SUI) received a Buy rating and a $175.00 price target from BMO Capital analyst John Kim today. The company’s shares closed last Monday at $162.60, close to its 52-week high of $163.51.
According to TipRanks.com, Kim is a 3-star analyst with an average return of 2.3% and a 54.1% success rate. Kim covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Easterly Government Properties, and National Health Investors.
Currently, the analyst consensus on Sun Communities is a Strong Buy with an average price target of $166.00, which is a 2.6% upside from current levels. In a report issued on April 13, RBC Capital also maintained a Buy rating on the stock with a $162.00 price target.
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Sun Communities’ market cap is currently $18B and has a P/E ratio of 122.10. The company has a Price to Book ratio of 3.76.
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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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