Sun Communities traded at $120.41 this Friday May 15th, decreasing $1.46 or 1.20 percent since the previous trading session. Looking back, over the last four weeks, Sun Communities lost 6.10 percent. Over the last 12 months, its price fell by 2.32 percent. Looking ahead, we forecast Sun Communities to be priced at 117.99 by the end of this quarter and at 111.02 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company’s segments include Manufactured home (MH) communities, Recreational vehicle (RV) resorts and Marinas. The MH segment owns, operates, develops a portfolio of MH communities and is in the business of acquiring, operating and developing ground up MH communities to provide affordable housing solutions to residents. The RV segment owns, operates, develops a portfolio of RV resorts and is in the business of acquiring, operating and developing ground up RV resorts throughout the United States and in Canada. It also provides leasing services for vacation rentals within the RV resorts. The marina segment owns, operates a portfolio, and develops marinas, and is in the business of acquiring, and operating marinas throughout the United States with the majority of such marinas concentrated in coastal regions and others located in various inland regions.