| Company name | Sun Communities Inc |
| Stock ticker | SUI |
| Live stock price | [stckqut]SUI[/stckqut] |
| P/E compared to competitors | Fair |
MANAGEMENT EXECUTION
| Employee productivity | Fair |
| Sales growth | Good |
| EPS growth | Good |
| P/E growth | Good |
| EBIT growth | Good |
ANALYSIS
| Confident Investor Rating | Good |
| Target stock price (TWCA growth scenario) | $150.8 |
| Target stock price (averages with growth) | $165.84 |
| Target stock price (averages with no growth) | $112.65 |
| Target stock price (manual assumptions) | $149.59 |
The following company description is from Reuters: https://www.reuters.com/finance/stocks/company-profile/sui
Sun Communities, Inc., incorporated on July 23, 1993, is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV). As of December 31, 2016, it owned and operated or had an interest in a portfolio of properties located throughout the United States and Ontario, Canada, including 226 MH communities, 87 RV communities, and 28 properties containing both MH and RV sites. The Company operates through two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns, operates, or has an interest in a portfolio, and develops MH communities and RV communities throughout the United States and is in the business of acquiring, operating, and expanding MH and RV communities. The Home Sales and Rentals segment offers MH and RV park model sales and leasing services to tenants and prospective tenants of its communities.
As of December 31, 2016, the Company owned, operated or had an interest in a portfolio of 341 properties in 29 states and Ontario, Canada, including 226 MH communities, 87 RV communities, and 28 Properties containing both MH and RV sites. As of December 31, 2016, the Properties contained an aggregate of 117,376 developed sites consisted of 80,166 developed MH sites, 20,916 annual RV sites (inclusive of both annual and seasonal usage rights), and 16,294 transient RV sites. There are approximately 10,616 additional MH and RV sites suitable for development.
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Sun Communities Inc as long as the indicators that I describe in my book The Confident Investor are favorable.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of Sun Communities Inc calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $97.77
- Growth: 0.2
- Current EPS (TTM): $0.94
- P/E: 103
- Future EPS Calc: $2.33
- Future Stock Price Calc: $240.91
- Target stock price: $149.59
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I hope that this makes you a Confident Investor.