In its last quarterly earnings report Oct. 27, Sun reported $1.05 earnings per share, meeting the Thomson Reuter’s consensus estimate. The company earned $185.36 million for the quarter, compared to estimates by analysts of $173.38 million. Revenue for the quarter rose 42.2 percent over Q3 2014.
Separately, Sun’s Chief Operating Officer, John Bandini McLaren sold 5,000 shares of Sun stock Nov. 12 for $62.00 per share for a net transaction of $310,000, as MHProNews reported Nov. 13, 2015.
Sun Communities owns and operates 217 communities in 29 states comprised of 183 MHCs, 25 recreational vehicle (RV) communities and nine that are a mix of MH and RV, totaling 92,500 developed sites.
In trading today to end the week, Sun closed down -1.22 percent at $68.67. ##
(Image credit: Sun Communities, Inc.)
