Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Sun Communities (SUI-N) is a top pick for experts due to its defensive nature, with a majority of its portfolio in manufactured housing which is considered the last bastion of affordable housing. The company has never had a year of negative net operating income growth and is currently trading at a discount to its NAV, making it an attractive investment. Despite the recent underperformance due to the timing of a UK acquisition, the stock is considered recession-resilient and has high-quality cashflow attributes. The yield is around 3% and the analysts' price target is $149.64.

Consensus
Positive
Valuation
Undervalued
Similar
Equity, EQUITY
PAST TOP PICK
Sun Communities
(A Top Pick Jan 30/23, Down 11%)

Manufactured housing is defensive, last bastion of affordable housing. 55% of portfolio is in this area. Undersupply in US. Never had a year of negative net operating income growth. 15-20% discount to NAV today. Yield is 3%.

REAL ESTATE
PAST TOP PICK
Sun Communities
(A Top Pick Nov 29/22, Down 9%)

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.

REAL ESTATE
TOP PICK
Sun Communities

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)
REAL ESTATE
PAST TOP PICK
Sun Communities
(A Top Pick Apr 28/22, Down 23%)

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.

REAL ESTATE
TOP PICK
Sun Communities

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)
REAL ESTATE
TOP PICK
Sun Communities
They operate in the RV park mostly and marina sectors (boats). These are extremely resistant to recessions. These are the last bastions of cheap housing. There's a supply-demand imbalance because they are not building more trailer parks, and not enough boats. There's 6-8% rent growth in 2023. SUI trades at over a 20% discount to NAV, which rarely happens. (Analysts’ price target is $161.30)
REAL ESTATE
TOP PICK
Sun Communities
Defensive, in the US. Manufactured housing, RVs, and now into high-end yacht docking at marinas. Landlord has minimal capex. Value housing. Usually at a premium to NAV, except for right now. Yield is 1.92%. (Analysts’ price target is $216.30)
REAL ESTATE
TOP PICK
Sun Communities
They operate RV and manufactured home parks -- a true land business without large capex requirements. Rents can increase substantially. Yield 1.97% (Analysts’ price target is $144.00)
REAL ESTATE
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Sun Communities(SUI-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Sun Communities is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Sun Communities(SUI-N) Frequently Asked Questions

What is Sun Communities stock symbol?

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

Is Sun Communities a buy or a sell?

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.

Is Sun Communities a good investment or a top pick?

Sun Communities was recommended as a Top Pick by on . Read the latest stock experts ratings for Sun Communities.

Why is Sun Communities stock dropping?

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.

Is Sun Communities worth watching?

2 stock analysts on Stockchase covered Sun Communities In the last year. It is a trending stock that is worth watching.

What is Sun Communities stock price?

On 2024-04-15, Sun Communities (SUI-N) stock closed at a price of $120.505.