A new SEC filing reveals that Tonya Allen, Board Member at Sun Communities (NYSE:SUI), made a notable insider purchase on January 22,.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Monday, Allen increased their investment in Sun Communities by purchasing 2,000 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $258,019.
In the Tuesday's morning session, Sun Communities's shares are currently trading at $128.8, experiencing a down of 0.0%.
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.
Key Indicators: Sun Communities's Financial Health
Positive Revenue Trend: Examining Sun Communities's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.06% as of 30 September, 2023, showcasing a substantial increase in top-line ...