Core Viewpoint - A class action lawsuit has been filed against Sun Communities, Inc. (NYSE: SUI) for allegedly misleading investors regarding its financial reports and growth projections during the Class Period from February 28, 2019, to September 24, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the defendants created a false impression of SUI's financial health and growth potential, failing to disclose significant financial obligations, including a mortgage and undisclosed loans involving the CEO and a board member [5]. - Investors are encouraged to join the class action, which allows them to seek compensation without upfront costs through a contingency fee arrangement [2][3]. Group 2: Legal Representation - The Rosen Law Firm, known for its success in securities class actions, is representing the investors and has a strong track record, including recovering over $438 million for investors in 2019 alone [4]. - Investors wishing to serve as lead plaintiffs must file their motion by February 10, 2025 [1][3]. Group 3: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - It is noted that no class has been certified yet, and investors are not represented unless they retain counsel [7].

Core Viewpoint - A class action lawsuit has been filed against Sun Communities (SUI) for allegedly providing misleading information regarding its accounting practices and internal controls over financial reporting, leading to a significant drop in stock price following a critical investment research report [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased SUI securities between February 28, 2019, and September 24, 2024, with a deadline of February 10, 2025, for investors to apply as lead plaintiffs [1]. - The complaint highlights concerns about the integrity of SUI's Board and the company's governance, controls, and financial disclosures [3]. Group 2: Stock Price Reaction - Following the release of the investment research report on September 24, 2024, SUI's stock price fell from a closing price of $139.10 per share to a low of $137.48 per share the next day [3].

NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Sun Communities, Inc. (“SUI” or the “Company”) (NYSE: SUI) between February 28, 2019 and September 24, 2024, both dates inclusive. You are hereby notified that the class action lawsuit Michelle Nelson v. Sun Communities, Inc., et al. (Case No. 2:24-cv-13314) has been commenced in the United States District Court for the E ...

Southfield, MI, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities and marinas, announces several upcoming changes to its Board of Directors (the “Board”) as part of its ongoing refreshment strategy. Arthur A. Weiss informed the Board that he will retire from the Board on December 31, 2024, Stephanie W. Bergeron infor ...

Southfield, MI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the fourth quarter of 2024. The distribution is payable on January 15, 2025 to shareholders of ...

It's easy to get caught up in negative news regarding the stock market. But the real power is sifting through the negativity to see the potential long-term value quality companies offer.Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 1-12616 SUN COMMUNITIES, INC (Exact Name of Registrant as Specified in its Charter) Maryland 38-2730780 (State of Incorporat ...

Core Insights - Sun Communities (SUI) reported quarterly funds from operations (FFO) of $2.34 per share, missing the Zacks Consensus Estimate of $2.51 per share, and down from $2.57 per share a year ago, representing an FFO surprise of -6.77% [1] - The company posted revenues of $939.9 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.60%, but down from $983.2 million year-over-year [2] - Sun Communities has underperformed the market with shares losing about 0.3% since the beginning of the year, compared to the S&P 500's gain of 21.2% [3] Financial Performance - Over the last four quarters, the company has surpassed consensus FFO estimates just once [2] - The current consensus FFO estimate for the coming quarter is $1.56 on revenues of $866.4 million, and for the current fiscal year, it is $7.11 on revenues of $3.34 billion [7] Market Outlook - The estimate revisions trend for Sun Communities is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - The outlook for the REIT and Equity Trust - Residential industry is currently in the top 40% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it b ...

Southfield, MI, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas, announces it will release third quarter 2024 operating results after the market closes on Wednesday, November 6, 2024. The Company will host a conference call to discuss these results on Wednesday, November 6, 2024, at 5:00 P.M. ET. To Par ...