According to voicechronicle, Sun Communities (NYSE:SUI) chief operating officer (COO) John Bandini McLaren sold 5,000 shares of Sun Communities stock Thursday, Nov. 12 for $62.00 per share for net proceeds totaling $310,000. McLaren now owns 112,616 shares valued at $6,982,192.
Sun last reported its earnings for Q3 2015 on Oct. 27, $1.05 per share, meeting the consensus estimate. Revenue for the quarter equaled $185.36, beating the consensus of $173.38. Sun’s revenue for the quarter increased 42.2 percent on a year-over-year basis.
MHProNews knows Sun Communities owns and operates 217 communities comprised of 183 manufactured home communities, 25 recreational vehicle communities, and nine that combine manufactured home and RVcommunities in 29 states.
In trading today, Nov. 12, Sun stock closed -0.21 percent at $62.17. ##
(Image credit: Sun Communities, Inc.)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.