Sun Communities Inc (NYSE:SUI) had declared a cash dividend of $0.6500 on Jun 7, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed on Jun 30, 2016. At Jun 7, 2016 share price, the yield comes out to be 3.7962%. The dividend payable date has been fixed on Jul 15, 2016.
In a different note, On Mar 30, 2016, Baird said it Upgrades its rating on Sun Communities Inc. The shares have been rated ‘Outperform’ by the firm.
Sun Communities Inc (SUI) made into the market gainers list on Fridays trading session with the shares advancing 0.29% or 0.2 points. Due to strong positive momentum, the stock ended at $69.53, which is also near the day’s high of $69.94. The stock began the session at $68.84 and the volume stood at 3,87,367 shares. The 52-week high of the shares is $73.37 and the 52 week low is $61.3. The company has a current market capitalization of $4,490 M and it has 6,45,77,863 shares in outstanding.
Sun Communities Inc(SUI) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $129.24M. Analysts had an estimated revenue of $124.36M. Earnings per share were $0.90. Analysts had estimated an EPS of $0.89.
Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, John Bandini Mclaren (Pres & COO) sold 5,000 shares at $62.00 per share price.Also, On Aug 5, 2015, Clunet R Lewis (director) sold 1,600 shares at $69.59 per share price.On Jun 23, 2015, Randall K Rowe (director) purchased 25,664 shares at $50.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.