Sun Communities Inc (SUI) Files Form 4 Insider Selling : Paul D Lapides Sells 6,127 Shares

Sun Communities Inc (SUI): Paul D Lapides , director of Sun Communities Inc sold 6,127 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $68.23 per share for a total value of $418,045.22 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 12, 2015, John Bandini Mclaren (Pres & COO) sold 5,000 shares at $62.00 per share price.On Aug 5, 2015, Clunet R Lewis (director) sold 1,600 shares at $69.59 per share price.Also, On Jun 23, 2015, Randall K Rowe (director) purchased 25,664 shares at $50.00 per share price.On Jan 5, 2015, Karen Dearing (EVP, CFO, Sec & Treas.) sold 5,427 shares at $61.15 per share price.

Sun Communities Inc: On Friday, Jun 10, 2016 heightened volatility was witnessed in Sun Communities Inc which led to swings in the share price. The shares opened for trading at $68.84 and hit $69.94 on the upside , eventually ending the session at $69.53, with a gain of 0.29% or 0.2 points. The heightened volatility saw the trading volume jump to 3,87,367 shares. The 52-week high of the share price is $73.37 and the company has a market cap of $4,490 M . The 52-week low of the share price is at $61.3.

Sun Communities Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Sun Communities Inc is Upgraded by Robert W. Baird to Outperform and the brokerage firm has raised the Price Target to $ 74 from a previous price target of $67 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 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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