Clunet R Lewis, Board Member at Sun Communities (NYSE:SUI), reported an insider buy on January 22, according to a new SEC filing.
What Happened: Lewis's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, involves purchasing 2,000 shares of Sun Communities. The total transaction value is $258,019.
Sun Communities's shares are actively trading at $128.49, experiencing a down of 0.24% during Tuesday's morning session.
About Sun Communities
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 Economic Impact: An Analysis
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. ...