Raymond James Trust N.A. Invests $212,000 in Sun Communities,
August 5, 2023
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Sun Communities ($NYSE:SUI) is a leader in the Manufactured Housing and RV industry, offering its customers high-quality homes, exceptional value-added amenities and expectations-beating customer service. Their business strategy focuses on increasing occupancy, leasing sites for RVs, growing rental rates, and expanding their portfolio through acquisition and development. Sun Communities has also made considerable investments in their portfolio to ensure the highest quality of life for their residents. This includes the introduction of pools, fitness centers, business centers, and other recreational activities such as golfing, fishing, boating, and more.
By investing in Sun Communities, Raymond James Trust N.A. is betting on a company with a solid track record and an impressive growth trajectory. As one of the leading players in the RV and Manufactured Housing industry, Sun Communities has a bright future ahead and is well-positioned to benefit from current market conditions.
Share Price
The stock opened at $129.7, however, it closed at $128.0, a 1.3% drop from its previous closing price of $129.7. This investment by Raymond James Trust N.A. is seen as a sign of confidence in Sun Communities, Inc., and could potentially lead to further investments by the company and other investors. This could potentially benefit Sun Communities, Inc. and its shareholders in the long-term. 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 |
| 3.08k | 227 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sun Communities. More…
| Operations | Investing | Financing |
| 703.7 | -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 |
| 17.56k | 9.47k | 61.96 |
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 |
| – | – | 17.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have conducted an analysis of SUN COMMUNITIES‘ fundamentals. Based on our Star Chart classification, SUN COMMUNITIES is classified as ‘cow’, which typically refers to companies with a track record of paying out consistent and sustainable dividends. This indicates that this company could be an attractive investment option for those looking for a reliable income stream. Our analysis further reveals that SUN COMMUNITIES has an intermediate health score of 6/10, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. Specifically, our analysis of its cashflows and debt suggest that this company has the financial resilience to handle potential economic downturns. In addition to its financial stability, we have also identified that SUN COMMUNITIES is strong in several other areas. Its assets, dividend, growth, and profitability all point to a healthy and well-managed company. Therefore, we believe that this company could be a great investment option for investors looking for a reliable and sustainable income stream with a reduced risk of bankruptcy. 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
The investment would provide exposure to a diversified portfolio of manufactured housing and recreational vehicle communities. The REIT has a strong balance sheet and an experienced management team that is focused on creating value through various growth initiatives. Sun Communities‘ financials are strong with positive same-store net operating income, high occupancy rates and disciplined capital resources. Analysts have noted that Sun Communities is well positioned to benefit from favorable long-term macro trends, including an aging population, increased household formation, and a favorable lending environment.
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