Truist lowered the firm’s price target on Sun Communities to $136 from $143 and keeps a Hold rating on the shares as part of a broader research note on REIT’s, updating the firm’s models to reflect Q4 results, recent events, and adjusted revenue growth and expense assumptions. Truist further cites the company’s below-consensus outlook for 2024 FFO issued last month as U.K. same-store net operating income softens.
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