JMP Securities Sticks to Its Buy Rating for Sun Communities (SUI)

In a report released today, Aaron Hecht from JMP Securities maintained a Buy rating on Sun Communities (SUI – Research Report), with a price target of $150.00. The company’s shares closed yesterday at $118.29.

Hecht covers the Real Estate sector, focusing on stocks such as Sun Communities, Alexandria Equities, and LTC Properties. According to TipRanks, Hecht has an average return of 1.6% and a 46.40% success rate on recommended stocks.

In addition to JMP Securities, Sun Communities also received a Buy from RBC Capital’s Brad Heffern in a report issued on April 10. However, on April 15, Wells Fargo maintained a Hold rating on Sun Communities (NYSE: SUI).

Based on Sun Communities’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $726.7 million and a GAAP net loss of $436.1 million. In comparison, last year the company earned a revenue of $674.3 million and had a net profit of $4.7 million

Based on the recent corporate insider activity of 47 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 (SUI) Company Description:

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.