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SUI is getting closer to turning its EPS |
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Released on Wednesday, November 30, 2011, 9:00 PM ET
Pittsburgh, PA (SpeculatingStocks) - Sun Communities, Inc. (NYSE:SUI) is a real estate investment trust which owns manufacturing facilities for homes in the mid-west, south, and south-eastern communities in America. SUI has been trading down over the past few days, causing it to become a little cheap.
SUI is currently trading at $35.74 per share (4:00 PM EDT, November 30th, 2011) and has a market capitalization around $775 million. SUI’s fast stochastic has crossed into the positive momentum.
Since the crash of 2008, the company has been working to reduce a negative earnings per share in the stock, a goal they may actually end up hitting this year. Currently, SUI has a EPS of only $0.03 from last year’s annual EPS, it is also for this reasons that the P/E of the stock is somewhat meaningless at 1,203 times earnings.
Sun Communities is a stable investment with a total asset to debt ratio of 0.98 and positive leverage free cash flows of $64 million. SUI also has a current ratio of 5.94 and a quarterly revenue growth of 15.10%. Add a 6.69% annual dividend yield return—split per quarter at 63¢ per share—and you have a nice stable investment.
This stock may be a little high priced, but it is still mid- market, so it can move fairly quickly. As previously discussed the stochastics are giving a positive movement on the company; with a dividend of 6.69% annual yield and a possible positive return this year, the stocks actual price could stand to appreciate as may become more demandable. Always be sure to get in while its cheap, and in this case you might get in with a small margin of error, provided that the stock returns back to normal trading levels in the near future.
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