Sun Communities is Currently a Good Stock to Buy

Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high.  The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy.  Its volume yesterday was 87,907.00 shares, opening at $38.04.  Its low in the last year was $25.60.  It has 20.83M outstanding shares, and its market capitalization is $812.80M.  As of December 31, 2009, Sun owned and operated 124 manufactured housing communities in 18 states in the Midwest and southern United States, and also owned four RV communities as well as eight combined manufactured housing and RV communities.  According to George F. Allen’s 2011 Allen report, Sun was ranked as the fourth largest land lease community (LLC) in the country.

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