Truist Securities has decided to maintain its Buy rating of Sun Communities SUI and lower its price target from $157.00 to $148.00.
Shares of Sun Communities are trading up 0.42% over the last 24 hours, at $121.79 per share.
A move to $148.00 would account for a 21.52% increase from the current share price.
About Sun Communities
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 671 properties, which includes 354 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
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