SUI Price Prediction Next Week
Technical Analysis: Based on the recent price action, SUI shows a bearish trend in the short term. The stock closed at $124.99 on February 14, 2025, with a -1.28% decline . The MACD indicator shows a negative value of -0.21 with a weak positive histogram of 0.04, suggesting potential downward momentum.
Key Technical Indicators:
- RSI (14) at 42.15 indicates neutral territory but leaning bearish
- Stochastic RSI (14,14,3,3) at 68.90 suggests the stock may be approaching overbought conditions
- Price is trading below both SMA-60 ($4.17) and SMA-200 ($2.72), confirming bearish trend
News Analysis: Recent news indicates several concerning factors:
- Sun Communities' business model shows limited growth potential in both manufactured homes and RV parks/marinas
- RV segment expected to see negative NOI growth up to -5% in 2024
- Lower dividend yield (3%) compared to industry peers (3.8% average)
Price Prediction for Next Week: Based on technical and fundamental analysis:
- Resistance level: $128.60 (recent high)
- Support level: $124.26 (recent low)
- Target price range: $122-125
Trading Recommendation: SELL Rationale:
- Bearish technical indicators
- Weak fundamental outlook with limited growth potential
- Below-average dividend yield compared to peers
- Negative sentiment from recent analyst coverage
Specific targets:
- Entry: Current price ($124.99)
- First target: $123.50
- Second target: $122.00
- Stop loss: $127.00
SUI Similar Chart Price Prediction
The price of SUI is predicted to go up -0.36%, based on the high correlation periods with INHD. The similarity of these two price pattern on the periods is 91.77%.
SUI
INHD
Down: -0.36%Similarity: 91.77%
SUI Revenue Forecast
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SUI VS S&P500
Aging population supports rent and NOI growth at a spread above inflation.
Supply growth for the sector has been flat and should remain flat in the near future, so little risk of new, competing properties that would limit the company's ability to raise rents.
Only a very small percentage of residents have a mortgage on a manufactured home in the portfolio, so residents are able to continue to afford the low relative rental cost during recessions, which keeps occupancies and same-store NOI consistent through a full economic cycle.
SUI Analyst's Forecast
James Feldman
Wells Fargo
Hold
2024-12-11
Price Target
$154 → $135
Upside
+11.4%
Wells Fargo lowered the firm's price target on Sun Communities to $135 from $154 and keeps an Equal Weight rating on the shares. The firm remains sidelined on Sun Communities following Q3 earnings and REITworld, and expects an uneven path to optimizing expenses/capex, hiring a new CEO and providing a clearer picture on strategy. Wells would like to see the CEO search result in an external hire based on investor feedback and the opportunity to bring fresh perspectives to the business. The firm still views the asset base as one of the best in REITs, setting the stage for potential long-term upside once the noise clears.
Anthony Hau
Truist Securities
Hold
2024-12-11
Price Target
$138 → $131
Upside
+8.1%
Joshua Dennerlein
B of A Securities
Hold → Sell
2024-11-12
Price Target
$147 → $114
Downside
-8.19%
