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Sun Communities (NYSE:SUI – Get Free Report) issued an update on its FY23 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.09-7.23 for the period, compared to the consensus earnings per share estimate of $7.30. Sun Communities also updated its FY 2023 guidance to $7.09-$7.23 EPS. Sun Communities Trading Down […]
Sun Communities (NYSE:SUI – Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($1.23), RTT News reports. Sun Communities had a net margin of 6.87% and a return on equity of 2.63%. The firm […]
Sun Communities (NYSE:SUI – Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($1.23), RTT News reports. Sun Communities had a return on equity of 2.63% and a net margin of 6.87%. The firm had revenue of […]
Real estate investment trusts (REITs) have had their share of tough times since the beginning of 2022, but 2023 seems to be ushering in a more positive view by analysts, and July has seen a number of stock upgrades and increased price targets. Analysts are seeing better times ahead, assuming the Federal Reserve eases up on the severity and duration of interest rate hikes. Goldman Sachs' recent revision of recession odds from 25% to 20% over the next year is also augmenting the projections for RE