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SUI data by YCharts.. Sell or avoid Sun Communities? Even after a 40% decline in the stock price, Sun Communities' dividend yield is only 3%. The average REIT has a dividend yield of 3.8%. Average ...
Equity LifeStyle currently yields 2.8%, while Sun Communities' dividend is around 3%. Those payouts are more than double the S&P 500 's dividend yield of 1.2%.
The share price of Sun Communities (NYSE: SUI) has fallen 40% from its 2022 highs. Sun Communities has slipped below $125 per share, a level at which the dividend yield would sit at a nice round 3%.
Mr. McLaren has been with Sun for 22 years and was Chief Operating Officer for 14 years through mid-2022. During his time as COO, John oversaw the acquisition and integration of approximately 350 MH and RV communities and brought a performance driven approach with a focus on bottom-line operational results.
Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle communities, and marinas. As of June 30 2024, the company owned interests in 666 such properties in the United States, Canada, and the UK consisting of approximately 181,760 developed sites and over 48,140 wet slips and dry storage spaces.
Trading at around $124, Sun's stock might look reasonably valued at 17 times last year's FFO per share, but its forward dividend yield of 3.1% seems low relative to the yields of other REITs or ...
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Over the past three years, Sun Communities' (NYSE: SUI) stock declined 36% while the S&P 500 rallied 31%. Even after including its reinvested dividends, the real estate investment trust (REIT ...