NEW YORK ( TheStreet) -- Sun Communities (NYSE: SUI) hit a new 52-week high Thursday as it is currently trading at $40.23, above its previous 52-week high of $40.21 with 118,263 shares traded as of 11:45 a.m. ET. Average volume has been 219,500 shares over the past 30 days. Sun has a market cap of $842.5 million and is part of the financial sector and real estate industry. Shares are up 8.7% year to date as of the close of trading on Wednesday. Sun Communities, Inc. operates as a real estate investment trust (REIT). It owns, operates, and develops manufactured housing communities in the midwestern, southern, and southeastern United States. The company has a P/E ratio of 1294, above the S&P 500 P/E ratio of 17.7.
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