Disclosed in the latest SEC filing, a significant insider purchase on January 22, involves Clunet R Lewis, Director at Sun Communities (NYSE:SUI).
What Happened: Lewis 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.
Tracking the Monday's morning session, Sun Communities shares are trading at $128.64, showing a down of 0.43%.
Delving into Sun Communities's Background
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.
Financial Milestones: Sun Communities's Journey
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 ...