Should You Buy Sun Communities While It's Below $125?

The share price of Sun Communities (NYSE: SUI) has fallen 40% from its 2022 highs. The real estate investment trust (REIT) now offers a 3.1% dividend yield, which puts it near the highest levels seen since roughly 2018. Is this a buying opportunity, or is this fast-growing REIT slowing down?Sun Communities has slipped below $125 per share, a level at which the dividend yield would sit at a nice round 3%. Given the growth in the business over the past decade or so, investors might find it an attractive entry point for a growth and income stock. It might sound odd to call a REIT that specializes in manufactured home communities, RV parks, and marinas a growth stock, given that its tenants are usually focused on enjoying their retirement years, but Sun Communities has grown very rapidly.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool