Meghan G Baivier, Director at Sun Communities (NYSE:SUI), disclosed an insider purchase on January 22, based on a new SEC filing.
What Happened: Baivier demonstrated confidence in Sun Communities by purchasing 2,000 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the transaction is $258,019.
Sun Communities's shares are actively trading at $128.8, experiencing a down of 0.0% during Tuesday's morning session.
Discovering Sun Communities: A Closer Look
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
Sun Communities's Financial Performance
Revenue Growth: Sun Communities's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 5.06%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the ...