MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC). The company stock closed today at $63.33, down -0.19 percent.

Analysts at Zacks issued a buy rating on the stock with a target price of $70.80 in a research note May 1, 2015. Four analysts have rated the stock a hold and one has rated it a buy. Sun has a one-year high of $71.40 and a one-year low of $49.07. Its 50-day moving average is $62. and its 200-day moving average is $64, according to wkrb13.

Sun last issued a quarterly earnings report on April 23, beating the consensus estimate per share by $.04 and the revenue estimate by nine percent.

As MHProNews posted June 5, 2015, the company declared a quarterly distribution of $0.65 per share of common stock for Q2 2015, payable July 17, 2015 to shareholders of record as of June 30, 2015.

The real estate investment trust (REIT) owns and operates 251 manufactured home and recreational vehicle communities comprised of 93,100 developed sites. ##

(Photo credit: Google Images–Randall K. Rowe)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.