Truist Securities Maintains Buy Rating for Sun Communities: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of Sun Communities SUI and lower its price target from $157.00 to $148.00.

Shares of Sun Communities are trading up 0.42% over the last 24 hours, at $121.79 per share.

A move to $148.00 would account for a 21.52% increase from the current share price.

About Sun Communities

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 671 properties, which includes 354 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.