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SUI

Sun Communities

$75.42

0.32 (0.43%)

17:16
10/10/16
10/10
17:16
10/10/16
17:16

Sun Communities provides preliminary assessment of Hurricane Matthew impact

Sun Communities is providing a preliminary property assessment of the impact of Hurricane Matthew on the Company's assets in Florida, North and South Carolina, Georgia and Virginia. Based on initial assessments, the Company believes its properties did not sustain any material damage from the hurricane. The bulk of any losses are expected to be related to removal of damaged trees and debris cleanup and more thorough inspections will be performed in the coming days to confirm the initial assessments. President and COO, John McLaren said, "We are most fortunate that no one was injured and that the damage to our communities and resorts seems minimal."

  • 01

    Nov

SUI Sun Communities
$75.42

0.32 (0.43%)

09/16/16
BMOC
09/16/16
UPGRADE
BMOC
Outperform
Sun Communities upgraded to Outperform from Market Perform at BMO Capital
09/12/16
SBSH
09/12/16
UPGRADE
Target $86
SBSH
Buy
Sun Communities upgraded to Buy from Neutral at Citi
Citi analyst Michael Bilerman upgraded Sun Communities to Buy saying the company is well positioned to drive value in the second half of 2016 and 2017 following the Carefree portfolio acquisition. Bilerman raised his price target for the shares to $86 from $80.
03/30/16
BARD
03/30/16
UPGRADE
Target $74
BARD
Outperform
Sun Communities upgraded to Outperform from Neutral at Baird
Baird analyst Drew Babin upgraded Sun Communities to Outperform with a $74 price target following news it plans to acquire Carefree Communities and last week's equity offering. The analyst raised his NAV estimate to reflect improved portfolio quality and FFO growth and believe additional upside could be unlocked should Sun explore options to reduce its leverage.

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