Sun Communities Sees Significant Insider Buying

Three board members purchase 2,000 shares each, signaling confidence in the company's future.

Three board members of Sun Communities, Clunet R Lewis, Jeff Blau, and Stephanie W Bergeron, have each purchased 2,000 shares of the company, indicating confidence in its future.
Sun Communities is a residential REIT with a portfolio of 670 properties, including manufactured housing communities, residential vehicle communities, and marinas.
The company has shown a revenue growth rate of 5.06% as of September 30, 2023, although this is lower than the average among its peers in the Real Estate sector.
Despite a low gross margin of 50.0%, Sun Communities has a strong earnings per share (EPS) of 1.31, exceeding the industry average.
The company's debt-to-equity ratio is below average at 0.98, indicating a balanced approach to debt management.