SeekingAlpha‘s Tim Plaehn, who has 25 years experience with the stock market, ranks Sun Communities, Inc. as one of the top performing high yield real estate investment trusts (REITs) that is below the radar of the Vanguard REIT Index ETF (exchange-traded fund), which measures the performance of the larger REITs. With a current yield of 6.12%, Sun’s stock is up 12.8% through the end of May and has outperformed Vanguard, which is up 7.78%. Sun has a market cap of $1.1 billion, and has had a steady dividend over three years. MHProNews.com understands the company currently owns and operates a portfolio of 162 MH and RV communities comprising approximately 55,900 developed sites.
(Photo credit: Sun Communities, Inc.)