SUI Stock Summary and Trading Ideas (Sun Communities | NYSE:SUI)

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 667 properties, which includes 353 manufactured housing communities, 179 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.

Sun Communities trades on the NYSE stock market under the symbol SUI.

As of April 24, 2024, SUI stock price climbed to $121.00 with 311,815 million shares trading.

SUI has a beta of 0.99, meaning it tends to be less sensitive to market movements. SUI has a correlation of 0.19 to the broad based SPY ETF.

SUI has a market cap of $15.06 billion. This is considered a Large Cap stock.

In the last 3 years, SUI stock traded as high as $211.79 and as low as $102.74.

The top ETF exchange traded funds that SUI belongs to (by Net Assets): VNQ, VTI, VO, VXF, VUG.

SUI has underperformed the market in the last year with a price return of -10.7% while the SPY ETF gained +24.0%. SUI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.2% and -5.6%, respectively, while the SPY returned +4.4% and -2.8%, respectively.

SUI support price is $118.27 and resistance is $121.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SUI stock will trade within this expected range on the day.