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Sun Communities (NYSE:SUI) is a fully integrated REIT, which, as of Dec. 31, 2023, owned, operated or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., U.K. and Canada.
It is set to report its Q4 2024 earnings on Feb. 18, 2025. Wall Street analysts expect the company to post revenues of $801.92 million, up from $726.70 million the previous year.
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If You Bought Sun Communities Stock 10 Years Ago
The company's stock traded at approximately $58.59 per share 10 years ago. If you had invested $10,000, you could have bought roughly 171 shares. Currently, shares trade at $128.56, meaning your investment's value could have grown to $21,942 from stock price appreciation alone. However, Sun Communities also paid dividends during these 10 years.
Sun Communities' dividend yield is currently 2.92%. Over the last 10 years, it has paid about $30.91 in dividends per share, which means you could have made $5,276 from dividends alone.
Summing up $21,942 and $5,276, we end up with the final value of your investment, which is $27,218. This is how much you could have made if you had invested $10,000 in Sun Communities stock 10 years ago. This means a total return of 172.18%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 231.80%.
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What Could The Next 10 Years Bring?
Sun Communities has a consensus rating of "Outperform" and a price target of $144.21 based on the ratings of 14 analysts. The price target implies more than a 12% upside from the current stock price.
On Nov. 6, the company announced its Q3 2024 earnings, posting a core FFO of $2.34, compared to the consensus estimate of $2.51 and revenues of $939.90 million, compared to the consensus of $980.41 million, as reported by Benzinga.