Notable News to Watch: Sun Communities (NYSE:SUI)

On Wednesday Sun Communities (NYSE:SUI) started its trading session with the price $164.98 and closed at price of $165.29 by scoring 0.18%. Day range of the stock was $162.66 – $165.43. SUI stock traded with total volume of 577297 shares while the average trading capacity remained 568033 shares.  Earnings per share was $1.59. SUI has total market capitalization of $15319372446.

On Nov. 27, 2019, Sun Communities (NYSE:SUI) a real estate investment trust (REIT) that owns and operates or has an interest in manufactured housing and recreational vehicle communities, released its Board of Directors declared a quarterly distribution of $0.75 per share of common stock for the fourth quarter of 2019. The distribution is payable January 15, 2020 to shareholders of record on December 31, 2019.

As of December 13, 2019, the Company will convert all outstanding shares of its 6.50% Series A-4 Cumulative Convertible Preferred Stock and all outstanding Series A-4 preferred OP units issued by its operating partnership into shares of common stock and common OP units, respectively. Therefore, the Company has not declared and will not pay a distribution on the Series A-4 preferred stock for the fourth quarter of 2019.

About Sun Communities

Sun Communities (NYSE:SUI) is a REIT that, as of October 30, 2019, when it completed its acquisition of the Jensen portfolio, owned, operated or had an interest in a portfolio of 420 communities comprising approximately 140,000 developed sites in 32 states and Ontario, Canada.

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