Evercore analyst Steve Sakwa maintains $Sun Communities Inc (SUI.US)$ with a hold rating, and adjusts the target price from $149 to $150.
According to TipRanks data, the analyst has a success rate of 51.3% and a total average return of 0.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sun Communities Inc (SUI.US)$'s main analysts recently are as follows:
Sun Communities experienced one of the most notable quarters of underperformance and lowered forecasts in recent times. The convergence of escalating expenses, diminished transient and marina demand, hurricane repercussions, and challenges in rapidly adjusting expenses, resulted in a 5% cut in the 2024 guidance. Furthermore, projections for the Full Year 2024 Funds from Operations have been reduced by 30 cents to $6.79, and the following year's forecast has been decreased by 53 cents to $7.03.
Sun Communities' third-quarter results fell short of expectations, showing a miss in core FFO per share along with a reduction in guidance. In response to the underwhelming performance, management has declared key leadership changes, which include the retirement of the CEO and a Board member. It is anticipated that these changes might lead to more substantial strategic alterations, possibly involving the divestiture or sale of certain divisions such as Park Holidays or Safe Harbor.
While the business model of Sun Communities is appreciated for its relative resilience, recent quarterly reports have not demonstrated this strength. The company has revised its guidance downwards for North America same-store NOI growth, with reductions across all segments. A cautious approach is suggested until the company can demonstrate consistent performance in subsequent quarters.
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Evercore分析師Steve Sakwa維持$Sun Communities (SUI.US)$持有評級，並將目標價從149美元上調至150美元。
根據TipRanks數據顯示，該分析師近一年總勝率為51.3%，總平均回報率為0.9%。
此外，綜合報道，$Sun Communities (SUI.US)$近期主要分析師觀點如下：
近來，Sun Communities經歷了業績不佳和預測下調的最明顯的季度之一。不斷上漲的支出、臨時和碼頭需求的減少、颶風的影響以及快速調整開支方面的挑戰共同導致2024年的預期下調了5％。此外，對2024年全年運營資金的預測下調了30美分至6.79美元，次年的預測下降了53美分至7.03美元。
Sun Communities第三季度業績不及預期，顯示每股核心FFO不及預期，預期下調。爲了應對錶現不佳，管理層宣佈了關鍵的領導層變動，其中包括首席執行官和董事會成員的退休。預計這些變化可能會導致更實質性的戰略變革，可能涉及剝離或出售某些部門，例如Park Holidays或Safe Harbor。
儘管Sun Communities的商業模式因其相對的彈性而受到讚賞，但最近的季度報告並未顯示出這種實力。該公司已向下修訂了北美同店淨收入增長的指導方針，所有細分市場均有所下調。在公司能夠在隨後幾個季度表現出穩定的業績之前，建議採取謹慎的態度。
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