What Did This CEO Just Do with Personal Shares of Sun Communities (NYSE: SUI)?

Today, the Chairman & CEO of Sun Communities (SUIResearch Report), Gary Shiffman, sold shares of SUI for $1.52M.

Following Gary Shiffman’s last SUI Sell transaction on July 01, 2016, the stock climbed by 46.7%. In addition to Gary Shiffman, 2 other SUI executives reported Sell trades in the last month.

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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 38 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.

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