Benzinga reports Wed. July 11 BMO Capital Markets downgraded Sun Communities, Inc. to market perform from outperform and repeated its $45.00 target. Benzinga compliments Sun on its balance sheet metrics, dividend coverage, and net operating income (NOI), and notes its affordable housing option continues to thrive. Sun (NYSE: SUI) closed at $45.16 July 10, and at $44.64 yesterday. MHProNews knows that Sun, based in Southfield, Michigan, is one of the largest owners and operators of MHCs in the nation.
(Photo credit: Sun Communities, Inc.)