Analysts Set 'Neutral' Rating for Sun Communities

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January 25, 2012 by   - () Leave a Comment

Analysts at Bank of America assumed coverage on shares of Sun Communities in a research report issued to clients and investors today (Jan. 25). They set a “neutral” rating on the stock, according to a news release posted online by Localized USA.

Earlier, analysts at BMO Capital Markets upgraded shares of Sun Communities from a “market perform” rating to an “outperform” rating in a research note to investors on Jan. 3. Also, analysts at Keefe, Bruyette & Woods downgraded shares of Sun Communities to an “underperform” rating in a research note to investors on Dec. 6.

Sun Communities Inc. is a self-administered and self-managed real estate investment trust (REIT). The company owns, operates and develops RV parks and manufactured housing communities concentrated in the Midwest, South and Southeast. The company operates through two business segments: Real Property Operations, and Home Sales and Rentals.

Sun Communities stock opened today at $38.82. Sun Communities has a one-year low of $30.49 and a one-year high of $40.21. The stock has a 50-day moving average of $36.31 and a 200-day moving average of $36.67. The company has a market cap of $842.5 million and a price-to-earnings ratio of 1021.58.

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