Overall market sentiment has been high on Sun Communities Inc (SUI) stock lately. SUI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Sun Communities Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SUI!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SUI Stock Today?
Sun Communities Inc (SUI) stock has risen 1.27% while the S&P 500 is down -0.12% as of 11:21 AM on Wednesday, Dec 8. SUI is up $2.52 from the previous closing price of $199.00 on volume of 515,030 shares. Over the past year the S&P 500 has gained 26.79% while SUI is up 35.83%. SUI earned $3.25 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 61.95.
More About Sun Communities Inc
Sun Communities Inc is a real estate investment trust that acquires, operates, and develops manufactured housing and recreational vehicle communities throughout the United States. The vast majority of the company's real estate portfolio is comprised of manufactured housing communities in terms of the total number of properties. Sun Communities divides its assets geographically into Midwestern, Southern, Southeastern, and Other segments. The markets of Michigan and Florida, cumulatively, account for most of the firm's holdings. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants through annual leases. Many of Sun Communities' sites offer amenities, such as clubhouses, swimming pools, spas, and exercise rooms.
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