MHProNews.com learned the stock of MHC owner Sun Communities Inc. has been upgraded by equity analysts at BMO Capital Markets from “market perform” rating to an “outperform” rating. LocalizedUSA reports as of Dec. 31, 2009, the real estate investment trust (REIT)’s portfolio was comprised of 136 properties, 124 of which are manufactured housing communities in 18 states. Four of the communities are RVs and eight are a mix of MHCs and RVs. On Dec. 6 of last year, analysts at Keefe, Bruyette & Woods had downgraded Sun Communities to underperform. Sun’s 52-week range is 30.49 to 40.21. The stock finished 2011 at 36.57.
(Graphic credit: Sun Communities Inc.)