Sun Communities Stock Hits 52-Week High

February 7, 2011 by RV Business Leave a Comment

Shares of Sun Communities Inc. hit a new 52-week high today (Feb. 7) on Wall Street. The stock traded as high as $34.49 during mid-day trading and last traded at $34.27. The stock previously closed at $34.02, American Banking News reported.

Sun Communities Inc. is a self-administered and self-managed real estate investment trust that owns, operates and develops manufactured housing communities and RV parks concentrated in the Midwest, South and Southeast.

The company’s stock traded up 0.79% during mid-day trading today. The stock has a 52-week low of $17.12 and a 52-week high of $35.11. Its 50-day moving average is $33.31 and its 200-day moving average is $31.71. The company has a market cap of $672.0 million

As of Dec. 31, 2009, the company owned and operated a portfolio of 136 properties located in 18 states, including 124 manufactured housing communities, four recreational vehicle communities and eight properties containing both manufactured housing and recreational vehicle sites.