tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sun Communities initiated with an Overweight at Barclays

Barclays initiated coverage of Sun Communities (SUI) with an Overweight rating and $141 price target Stable rent growth and secular growth tailwinds position manufactured homes as a defensive sector, which historically merited a valuation premium relative to real estate investment trusts, the analyst tells investors in a research note. The firm sees several potential positive catalysts in the upcoming months for Sun Communities, including at least $1B of acquisitions it expects to be announced by Q2 earnings, potential share repurchases, a new CEO announcement, and re-focused operations.

Elevate Your Investing Strategy:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1