Sun Communities, Inc. (NYSE:SUI) reported earnings of $0.87 per share for the second quarter, besting analysts expectations by $0.04 per share, and besting earnings for the same quarter last year by $0.09 per share, according to dakotafinancialnews. Sun’s revenue was up 40 percent on a year-over-year basis, $165.90 million for the quarter over analysts’ expectations of $151.49 million.

The company issued a quarterly dividend to shareholders of $0.65 per share on Friday, July 17, representing a $2.60 annual dividend and a yield of 3.86 percent.

Separately, on June 19, 2015, as disclosed in a filing with the Securities and Exchange Commission (SEC), Director Randall K. Rowe purchased 25,664 shares of Sun at $50.00 per share with a total price of $1,283,200.

In today’s trading, Sun closed at $68.87, up +2.35 percent. The company has a 52-week low of $49.36 and a 52-week high of $71.40. The 50-day moving average is $64.95. Sun’s market capitalization is $3.70 billion, and the price-to-earnings ratio is 147.80.

MHProNews understands Sun Communities, Inc. owns and operates a portfolio of 217 communities, which includes 183 manufactured home communities (MHC), 25 recreational vehicle communities (RVC) and nine properties which contain both MH and RV. ##

(Image credit: Sun Communities, Inc.)

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