This summary was created by AI, based on 3 opinions in the last 12 months.
Sun Communities (SUI-N) is a company with a solid business model, primarily focused on US manufactured housing communities and RV parks. Despite facing challenges such as timing issues with an acquisition and increased insurance costs, the company remains recession-resilient with healthy rent growth. The stock is currently trading at a discount to its Net Asset Value (NAV), making it an attractive opportunity for investors. With a dependable and stable business model, Sun Communities is positioned for long-term growth and resilience.
80% is US manufactured housing communities. Very recession-resilient sector, never a year of negative net operating income growth. High-quality cashflow attributes, so rarely trades at a discount as it is now. Yield is 3.06%.
(Analysts’ price target is $149.64)Behaved like the market, but that's cold comfort. Remains one of his largest positions. Manufactured housing, the most stable class there is in real estate, with healthy rent growth of 6.5% this year. RV parks are experiencing robust growth, with 8% rent growth. Hit with 50% increase in insurance costs. Never had a year of negative net income growth. Recession resilient. Double-digit discount to NAV, usually trades at double-digit premium.
It owns land and rents it out to RV's and manufactured housing. Basically people buy a home, put it on the land and pay land grants. It is in one of the most defensive asset classes - affordable rents. Trades at a double digit discount to NAV with an attractive cash flow. It has never had a year of negative net income operating growth. Buy 10 Hold 1 Sell 0
(Analysts’ price target is $162.88)Sun Communities is a American stock, trading under the symbol SUI-N on the New York Stock Exchange (SUI). It is usually referred to as NYSE:SUI or SUI-N
In the last year, 2 stock analysts published opinions about SUI-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Sun Communities.
Sun Communities was recommended as a Top Pick by on . Read the latest stock experts ratings for Sun Communities.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Sun Communities In the last year. It is a trending stock that is worth watching.
On 2024-03-18, Sun Communities (SUI-N) stock closed at a price of $130.4.
Great business model. Rarely trades at a discount to NAV, but that day is today. UK acquisition timing not great, leading to underperformance. 95% of the business is dependable, recession-resilient.