A Director at Sun Communities (NYSE: SUI) is Buying Shares

By Carrie Williams

Today, a Director at Sun Communities (SUIResearch Report), Arthur Weiss, bought shares of SUI for $30.31M.

Following this transaction Arthur Weiss’ holding in the company was increased by 148.71% to a total of $50.48 million. Following Arthur Weiss’ last SUI Buy transaction on February 06, 2015, the stock climbed by 58.8%.

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Based on Sun Communities’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $274 million and quarterly net profit of $10.62 million. In comparison, last year the company earned revenue of $242 million and had a net profit of $10.38 million. SUI’s market cap is $10.13B and the company has a P/E ratio of 90.62. Currently, Sun Communities has an average volume of 264.5K.

In the last 30 days, insiders have sold $1.7M worth of SUI shares and purchased $30.31M worth of SUI shares. The insider sentiment on Sun Communities has been negative according to 35 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Arthur Weiss’ trades have generated a 16.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Sun Communities, Inc. provides real estate management services. The firm operates through the following segments: Real Property Operations and Home Sales and Rentals.