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Sun Communities (NYSE:SUI) is a fully integrated REIT that owns, operates, or has 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., the UK and Canada.
It is set to report its Q1 2025 earnings on April 28. Wall Street analysts expect the company to post revenues of $702.44 million, up from $671.30 million in the year-ago period.
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If You Bought Sun Communities Stock 10 Years Ago
The company's stock traded at approximately $67.60 per share 10 years ago. If you had invested $10,000, you could have bought roughly 148 shares. Currently, shares trade at $134.04, meaning your investment's value could have grown to $19,828 from stock price appreciation alone. However, Sun Communities also paid dividends during these 10 years.
Sun Communities' dividend yield is currently 2.76%. Over the last 10 years, it has paid about $31.20 in dividends per share, which means you could have made $4,615 from dividends alone.
Summing up $19,828 and $4,615, we end up with the final value of your investment, which is $24,443. 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 144.43%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 221.81%.
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What Could The Next 10 Years Bring?
Sun Communities has a consensus rating of "Outperform" and a price target of $141.07 based on the ratings of 14 analysts. The price target implies more than 5% potential upside from the current stock price.
On Feb. 26, the company announced its Q4 2024 earnings, posting FFO of $1.41, missing the consensus estimate of $1.42, while revenue of $745.90 million came in above the consensus estimate of $722.18 million, as reported by Benzinga.
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The company provided its Q1 2025 guidance for Core FFO per share attributable to the consolidated portfolio (excluding marinas) in the range of $0.78 to $0.86. For the full year, the core FFO per share is expected to be between $4.81 and $5.05.