Sun Reaches New 52-Week High (SUI)

NEW YORK ( TheStreet) -- Sun Communities (NYSE: SUI) hit a new 52-week high Wednesday as it is currently trading at $41.69, above its previous 52-week high of $41.62 with 8,797 shares traded as of 9:51 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 13.1% year to date as of the close of trading on Tuesday.

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.

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, revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Sun Ratings Report.

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