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.

TheStreet Ratings rates Sun as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Sun Ratings Report.

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