Sun Communities Inc (NYSE:SUI) Director Sells $292,791.00 in Stock

Sun Communities Inc (NYSE:SUI) Director Clunet R. Lewis sold 1,700 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $172.23, for a total transaction of $292,791.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $3,444,600. The sale was disclosed in a legal filing with the SEC, which is available through this link.

SUI stock traded down $0.94 during trading on Monday, reaching $171.72. The stock had a trading volume of 14,367 shares, compared to its average volume of 360,891. Sun Communities Inc has a 1-year low of $111.75 and a 1-year high of $173.98. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $16.11 billion, a P/E ratio of 95.41, a PEG ratio of 3.92 and a beta of 0.23. The firm has a fifty day moving average price of $158.81 and a 200 day moving average price of $153.73.

Separately, Zacks Investment Research lowered shares of Sun Communities from a “buy” rating to a “hold” rating in a report on Tuesday, December 31st.

Hedge funds have recently modified their holdings of the business. CWM LLC lifted its holdings in Sun Communities by 45.0% in the 3rd quarter. CWM LLC now owns 245 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 76 shares in the last quarter. Vigilant Capital Management LLC acquired a new stake in shares of Sun Communities in the 4th quarter valued at about $45,000. Price Capital Management Inc. acquired a new stake in shares of Sun Communities in the 3rd quarter valued at about $59,000. Keebeck Wealth Management LLC acquired a new stake in shares of Sun Communities in the 4th quarter valued at about $75,000. Finally, Bartlett & Co. LLC raised its stake in shares of Sun Communities by 17.7% in the 3rd quarter. Bartlett & Co. LLC now owns 765 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 86.32% of the company’s stock.

About Sun Communities

Sun Communities, Inc is a REIT that, as of March 31, 2019, owned, operated, or had an interest in a portfolio of 379 communities comprising over 132,000 developed sites in 31 states and Ontario, Canada.

Further Reading: Diversification

Insider Buying and Selling by Quarter for Sun Communities (NYSE:SUI)

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