Large Outflow of Money Witnessed in Sun Communities

Sun Communities (NYSE:SUI) managed to stay afloat and traded higher with an addition of 0.2 point or 0.29% at $69.53. The money flow data is a negative $(-1.67) million with $4.96 million in upticks and $6.62 million in downticks. The intraday up/down ratio came in at 0.75. The shares have seen -0.3% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $1.43, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-1.43) million.


Currently the company Insiders own 5.14% of Sun Communities shares according to the proxy statements. Institutional Investors own 95.27% of Sun Communities shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mclaren John Bandini, officer (Pres & COO) of Sun Communities Inc, had unloaded 5,000 shares at an average price of $62 in a transaction dated on November 12, 2015. The total value of the transaction was worth $310,000.

Sun Communities (NYSE:SUI) : On Monday heightened volatility was witnessed in Sun Communities (NYSE:SUI) which led to swings in the share price. The stock opened for trading at $69.8 and hit $70.58 on the upside , eventually ending the session at $70.27, with a gain of 1.06% or 0.74 points. The heightened volatility saw the trading volume jump to 585,595 shares. The 52-week high of the share price is $73.37 and the company has a market cap of $4,538 million. The 52-week low of the share price is at $61.3 .

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Baird upgrades its outlook on Sun Communities (NYSE:SUI). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on March 30, 2016.

Sun Communities, Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations, and Home Sales and Rentals. The Real Property Operations segment owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring, operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States, including 183 MH communities, 25 RV communities and nine properties containing both MH and RV sites.

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