Latest news with #SunCommunities
Yahoo
7 days ago
- Business
- Yahoo
Morgan Stanley Initiated Coverage of Sun Communities (SUI) with an Equal Weight Rating
Sun Communities, Inc. (NYSE:SUI) is one of the best residential REITs to buy. On July 17, Morgan Stanley began coverage of SUI with an Equal Weight rating and a $135 price target. Morgan Stanley thinks there are several possible outcomes for the REIT and says Sun Communities' low debt gives it room to make new acquisitions. The company is in good financial shape, though it might be slightly overvalued based on its fair value. It also has a strong history, having paid dividends for 33 years straight, with a current yield of 3.32%. The investment firm believes SUI will mainly focus on manufactured housing and recreational vehicle properties, with more attention on the former based on what management has shared. They also expect Sun Communities to work on making its current operations better by raising rental rates and running things more efficiently. An aerial view of a REIT-developed multi-housing property. In 2024, Sun Communities, Inc. (NYSE:SUI) worked on getting rid of assets that did not fit its core strategy and made its operations and finances simpler. This included selling its Safe Harbor marina business, while still keeping its properties in the UK. Morgan Stanley analysts expect that Sun Communities might still sell its Park Holidays business, which they believe the market would see as a good move. However, with the company's improved debt position, it may not feel as much pressure to sell right away. Sun Communities is a public REIT that owns and operates manufactured housing and RV communities. As of 2025, the REIT owns or holds a stake in 500 properties across the US, Canada, and the UK. While we acknowledge the potential of SUI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
Yahoo
10-08-2025
- Business
- Yahoo
How To Put $100 In Your Retirement Fund Each Month With Sun Communities Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sun Communities Inc. (NYSE:SUI) is a real estate investment trust that owns, operates, and develops manufactured housing and recreational vehicle communities, as well as marinas. It will report its Q3 2025 earnings on Nov. 3. Wall Street analysts expect the company to post EPS of $2.14, down from $2.34 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $709.45 million, down from $939.90 million a year earlier. The 52-week range of Sun Communities' stock price was $109.22 to $147.83. Sun Communities' dividend yield is 3.28%. It paid $4.16 per share in dividends during the last 12 months. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— The Latest On Sun Communities The company on July 30 announced its Q2 2025 earnings, posting FFO of $1.76, compared to the consensus estimate of $1.68, and revenues of $623.50 million, compared to the consensus of $602.15 million, as reported by Benzinga. 'We are pleased to report strong second quarter results with earnings ahead of our expectations, as we demonstrated the strength of our platform. It was also one of the most pivotal quarters in our history as we completed the previously announced sale of Safe Harbor Marinas and repositioned Sun as a pure-play owner and operator of manufactured housing and RV communities with a best-in-class balance sheet. This transaction streamlined operations, unlocked meaningful financial flexibility, and enhanced shareholder value,' said CEO Gary A. Shiffman. The company updated its 2025 guidance, now expecting core FFO per share in the range of $6.51 to $6.67. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. How Can You Earn $100 Per Month As A Sun Communities Investor? If you want to make $100 per month — $1,200 annually — from Sun Communities dividends, your investment value needs to be approximately $36,585, which is around 288 shares at $126.83 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.28% in this case). So, $1,200 / 0.0328 = $36,585 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis. For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Sun Communities stock an attractive option for making a steady income of $100 per month by owning 288 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Sun Communities has raised its dividend consecutively for the last nine years. Read Next: $100k+ in investable assets? – no cost, no obligation. Image: Shutterstock This article How To Put $100 In Your Retirement Fund Each Month With Sun Communities Stock originally appeared on Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
07-08-2025
- Business
- Yahoo
These Three REITs Announced The Biggest Dividend Increases In June—Which One Do Analysts Like The Most?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nothing attracts a passive income investor's attention like news of stocks paying increased dividends. If higher dividend yields are your cup of tea, check out the three real estate investment trusts with the biggest dividend increases in June. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership Sun Communities (NYSE: SUI) was the biggest winner. In June, Sun announced a 10.6% dividend increase, which translates to a $1.04 per share payout for investors. The residential REIT specializes in owning and operating manufactured housing and residential vehicle communities. Sun's portfolio includes 502 properties spread across the U.S., the U.K., and Canada. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. This REIT's assets are 337 manufactured home communities and165 residential vehicle communities. These communities have traditionally served consumers looking for lower-cost options than single-family homes or apartments. Skyrocketing housing prices throughout the U.S. have led to sustained growth in both sectors. Despite that, Sun Communities' share price has been trending downward for the last nine months. It's currently trading around $116, but many analysts believe it's primed for a comeback. Benzinga recently compiled the opinions of 10 analysts, and Sun Communities' average 12-month price target is $139.12. The highest estimate is $147, while the lowest is $126. Both are improvements over the current share price. There may be solid upside for investors here. Millrose Properties (NYSE: MRP) was the second-largest dividend winner for shareholders. It announced a 6.2% quarterly dividend increase in June, which translates to $0.69 per share, which the REIT paid on July 15. This specialty REIT refers to itself as a Homesite Option Purchase Platform. It acquires homesites for builders and then grants the builder an option to purchase the homesite at a later date. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— Once a builder has finished developing the homesite, they can exercise their option to buy the developed land from Millrose. Then, Millrose uses the sale profits to identify new home sites. If the builder declines the option, Millrose has a readymade home site that it can sell to another builder or developer. Millrose Properties was created as a spinoff from Lennar (NYSE: LEN LEN.B) and has only been trading since February. Since then, Millrose Properties' share price has risen from $21.94 to its current price of $30.54. This is a new REIT with a unique business model, but its relationship with Lennar suggests that it may have at least one long-term partner for its projects. With that said, Millrose Properties' short track record certainly raises its risk profile. Benzinga's compilation of analyst ratings shows an average share price of $31.50, which doesn't represent tremendous growth from today's price of $30.54. It's important to remember that Rome wasn't built in a day, and Millrose Properties helps to provide a product that every American needs. This could be a solid long-term growth Properties (NYSE: EPRT) is third on the list with a modest 1.7% dividend increase. That bump will net Essential Properties' shareholders $0.30 per share. This commercial REIT operates a portfolio of free-standing, single-tenant properties with net leases to long-term tenants. According to Essential Properties' website, its portfolio includes 2,190 units in 49 states. Perhaps most impressively, Essential Properties has a 99.6% occupancy rate. Benzinga surveyed a panel of 20 analysts, and the average price target for Essential Properties was $32.96. That offers some upside from the current share price of $30.67, and shareholders will also earn a 3.84% dividend. Essential Properties may not offer the excitement of an AI stock, but its share price has grown since its 2018 IPO price of $13.50. It has the potential to be a long-term winner, but this REIT is still in its very early stages. Read Next: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock This article These Three REITs Announced The Biggest Dividend Increases In June—Which One Do Analysts Like The Most? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-08-2025
- Business
- Yahoo
Better Dividend Stock: Sun Communities vs. Agree Realty
Key Points Sun Communities owns mobile home parks and RV resorts. Agree Realty owns single-tenant retail properties. Sun Communities often gets the nod for its growth potential, but Agree may have better all-around prospects. 10 stocks we like better than Agree Realty › Real estate investment trusts (REITs) are generally income investments, but they all go about the income theme a bit differently. For example, Sun Communities (NYSE: SUI) is often viewed as a growth-oriented REIT, while a REIT like Realty Income (NYSE: O) is all about a sustainable high yield. If you lean more toward Sun Communities, then you might want to examine Realty Income competitor Agree Realty (NYSE: ADC) instead. Here's why. What do these REITs do? Sun Communities owns mobile home parks and RV resorts. It is one of the largest players in each of these niches. The expectation is that the increasing number of older people will lead to solid, long-term growth for the REIT's assets. That's likely to be true since mobile home parks are a lower-cost living option than other types of housing. Meanwhile, the RV lifestyle tends to attract loyal adherents. There's no reason to believe that the big picture growth angle here isn't going to pan out as expected. Agree Realty is a bit less exciting. It owns single-tenant net-lease retail properties. A net lease requires the tenant to pay for most property-level operating expenses. Retail assets, meanwhile, tend to be fairly generic, making them relatively easy to buy, sell, and find new tenants if needed. The big story with Agree is about growth through acquisitions. With a modest portfolio of about 2,400 properties, it has plenty of room for growth. Which is the better dividend stock? To start with the most obvious number, Agree Realty has a 4.2% dividend yield. Sun Communities' yield is just under 3.4%. Clearly, from an income perspective, Agree Realty wins this point. To be fair, Sun Communities' yield is near its highest level in five years, so some investors might see the stock as attractively priced. But it still isn't offering as much income as Agree, which also happens to be trading with a yield that is also near its high end during the past five years. With regard to dividend consistency, Sun Communities has increased its dividend annually for nine consecutive years. Agree Realty's streak is a bit more complicated. Roughly five years ago it switched from quarterly to monthly payments, so it might look like there was a dividend cut. The dividend has actually been increased every year since 2012, which is more than 10 years. Agree wins again. Then there's the question of dividend growth. Sun Communities' dividend has increased at an annualized rate of roughly 4% during the past decade. Agree's dividend has grown at a roughly 5% pace over that same span. Another point for Agree. To be fair, Sun Communities' dividend growth has been slightly faster during the past couple of years, but there's a caveat here. Looking to the future, the opportunity set in the net-lease retail property niche is much larger than the opportunity set in the areas in which Sun Communities competes. Even from a simple level, it is easier to build retail properties than get a new mobile home park approved in most areas. That may make Sun Communities' properties more valuable in some ways, but given that Agree's growth is largely driven through acquisitions, it still wins the point. Most dividend investors will probably be better off with Agree Sun Communities is a perfectly fine REIT, and it wouldn't be a bad decision to buy it. However, if you are looking for dividend growth, you might be better off with Agree Realty. It has a higher yield, better history of dividend growth, and a business model that will probably offer a longer runway for robust, long-term growth. And, like Sun Communities, Agree Realty's valuation, using yield as a rough gauge, seems attractive right now. Should you buy stock in Agree Realty right now? Before you buy stock in Agree Realty, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Agree Realty wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Reuben Gregg Brewer has positions in Realty Income. The Motley Fool has positions in and recommends Realty Income. The Motley Fool recommends Sun Communities. The Motley Fool has a disclosure policy. Better Dividend Stock: Sun Communities vs. Agree Realty was originally published by The Motley Fool
Yahoo
02-08-2025
- Business
- Yahoo
Why Sun Communities Stock Burned So Brightly Today
Key Points Investors liked what they saw about the REIT's second quarter. They were surely quite pleased about its raised FFO guidance. 10 stocks we like better than Sun Communities › Investors were very warm to Sun Communities (NYSE: SUI) on Thursday. After the veteran real estate investment trust (REIT) published an estimates-trouncing quarter following Wednesday's market close, they piled into the stock to boost it to an over 6% price gain on the day. This crushed the S&P 500 index, which fell to close marginally lower by 0.1%. Sunny skies in the second quarter For its second quarter, Sun Communities' revenue rose by almost 5% year over year to hit $623.5 million. Thanks to a more than $1.4 billion gain on the sale of its Safe Harbor Marinas superyacht and marina servicing business to an affiliate of financial services giant Blackstone, the REIT's net income was a bit above $1.3 billion ($10.02 per share) against the year-ago profit of $58 million. Core, or non-GAAP (adjusted), funds from operations (FFO), considered a truer metric of a REIT's profitability, actually fell across that one-year stretch. In the second quarter it dipped to slightly under $232 million ($1.36 per share) versus the same period of 2024's $240 million. Sun Communities said that, with the Safe Harbor sale, it is repositioning itself as a pure-play landlord of manufactured housing and recreational vehicle (RV) communities. This shift will be overseen by incoming CEO Charles Young, who was tapped to succeed the long-serving Gary Shiffman beginning this October. Guidance adjustments Sun Communities also raised its core guidance, which was surely a factor behind the very bullish investor reaction to the earnings release. Management now believes the line item will amount to $6.51 to $6.67 for the entirety of 2025, up from the previous guidance range of $6.43 to $6.63. On the flip side, the company reduced its annual per-share earnings guidance, forecasting it will net a profit of $11.34 to $11.50. That's below the preceding range of $12.62 to $12.82. Should you invest $1,000 in Sun Communities right now? Before you buy stock in Sun Communities, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sun Communities wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Blackstone. The Motley Fool recommends Sun Communities. The Motley Fool has a disclosure policy. Why Sun Communities Stock Burned So Brightly Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
