Here's How You Can Earn $100 In Passive Income By Investing In Sun Communities Stock

Sun Communities 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., UK and Canada.

It will 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 in the year-ago period.

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The 52-week range of Sun Communities' stock price was $110.98 to $147.83.

Sun Communities’ dividend yield is 2.97%. During the last 12 months, it paid $3.76 per share in dividends.

The Latest On Sun Communities

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.

The company revised its full-year core FFO per share guidance for 2024 to $6.76 – $6.84. It also revised the full-year North American same-property NOI growth guidance for 2024 to 2.6% – 3.3% and the full-year UK property NOI growth guidance range to 7.1% – 8.7%.

Check out this article by Benzinga for 10 analysts' insights on Sun Communities stock.

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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 $40,404, which is around 319 shares at $126.61 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (2.97% in this case). So, $1,200 / 0.0297 = $40,404 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments.

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 319 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Sun Communities has raised its dividend consecutively for the last seven years. 

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