Sun Communities Stock Fair Value – Asset Management One Co. Ltd. Invests $39.48 Million in Sun Communities, Inc
July 14, 2023
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Asset Management One Co. Ltd. recently made a major investment in Sun Communities ($NYSE:SUI), Inc., purchasing a stock position of $39.48 million. Sun Communities is a publicly-traded real estate investment trust (REIT) and a leading owner and operator of manufactured housing and resort communities across the United States. It provides affordably priced lifestyle solutions to its residents, and specializes in manufactured housing and RV communities, as well as recreational camping sites. Its portfolio includes a mix of RV parks, mobile home parks, vacation cabins, and other recreational amenities. Sun Communities offers a wide variety of recreational opportunities for its residents, including access to outdoor activities, golf courses, nature trails, pools, and more.
Additionally, the company serves as an industry leader in providing high-quality housing solutions to residents of all ages, with a focus on safety and affordability. With its long-term growth potential, diversified portfolio, and commitment to providing affordable housing solutions, Sun Communities is an attractive choice for investors looking for a strong return on their investments.
Market Price
This move by Asset Management One Co. Ltd. signifies their confidence in the long-term potential of Sun Communities, Inc. as a leader in the manufactured home and recreational vehicle (RV) community market. With this investment, Sun Communities, Inc. is well-positioned to continue its growth and success in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sun Communities. More…
| Total Revenues | Net Income | Net Margin |
| 3.03k | 211.2 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sun Communities. More…
| Operations | Investing | Financing |
| 734.9 | -3.06k | 2.35k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sun Communities. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.36k | 9.29k | 61.84 |
Key Ratios Snapshot
Some of the financial key ratios for Sun Communities are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 18.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Sun Communities Stock Fair Value
At GoodWhale, we recently conducted an analysis of SUN COMMUNITIES wellbeing. Our proprietary Valuation Line indicated that the fair value of SUN COMMUNITIES share is around $169.1. However, currently, SUN COMMUNITIES stock is traded at $131.8, which means that it is undervalued by 22.0%. We believe that this presents an opportunity for investors to buy SUN COMMUNITIES shares at a discounted price and potentially make a profit in the future when it reaches its true value. More…
Peers
The competition between Sun Communities Inc and its competitors American Homes 4 Rent, American Campus Communities Inc, Canadian Apartment Properties Real Estate Investment Trust is fierce. All four companies are vying for the top spot in the market and are constantly innovating and improving their offerings to attract and retain customers. While Sun Communities Inc may have the edge in terms of size and scale, its competitors are not far behind and are constantly challenging it.
– American Homes 4 Rent ($NYSE:AMH)
American Homes 4 Rent is a real estate investment trust that focuses on acquiring, renovating, and leasing single-family homes as rental properties. The company was founded in 2012 and is based in Agoura Hills, California. As of December 31, 2020, American Homes 4 Rent owned 53,949 single-family homes in 26 states.
– American Campus Communities Inc ($TSX:CAR.UN)
Canadian Apartment Properties Real Estate Investment Trust is a real estate investment trust that owns, operates and invests in apartment buildings in Canada. The company has a market cap of $6.83 billion as of 2022.
Summary
SUN COMMUNITIES is a real estate investment trust (REIT) that specializes in the operation, acquisition, development, and expansion of manufactured housing and recreational vehicle communities. Asset Management One Co. Ltd. recently made an investment in SUN COMMUNITIES, with an estimated $39.48 million stock position. Analysts believe the company is well positioned to benefit from continued demand for affordable housing, as well as increased demand for manufactured housing from aging baby boomers.
Additionally, analysts expect the company’s properties to benefit from future development opportunities across multiple states. SUN COMMUNITIES has a strong track record of delivering strong returns to investors and is expected to continue to be a major player in the manufactured housing and RV community sector.
