Sunrise Realty Trust (NASDAQ:SUNS) Issues Q1 2025 Earnings Guidance

Sunrise Realty Trust (NASDAQ:SUNS) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.300-0.320 for the period, compared to the consensus estimate of 0.270. The company issued revenue guidance of -.

Sunrise Realty Trust Stock Up 0.5 %

NASDAQ SUNS traded up $0.05 on Tuesday, hitting $9.51. 24,418 shares of the company were exchanged, compared to its average volume of 104,189. Sunrise Realty Trust has a 1-year low of $7.80 and a 1-year high of $15.74. The firm has a 50 day moving average of $10.69 and a two-hundred day moving average of $12.77.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its earnings results on Thursday, March 6th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $3.45 million for the quarter, compared to the consensus estimate of $3.25 million. On average, research analysts expect that Sunrise Realty Trust will post 0.58 earnings per share for the current fiscal year.

Sunrise Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.62%. The ex-dividend date was Monday, March 31st.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. B. Riley began coverage on shares of Sunrise Realty Trust in a report on Thursday, February 13th. They issued a “buy” rating and a $15.00 target price on the stock. Raymond James decreased their price target on shares of Sunrise Realty Trust from $15.00 to $14.50 and set an “outperform” rating on the stock in a report on Monday, March 10th. Keefe, Bruyette & Woods cut their target price on shares of Sunrise Realty Trust from $12.25 to $10.75 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Finally, Oppenheimer started coverage on Sunrise Realty Trust in a research report on Thursday, April 17th. They set an “outperform” rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $13.06.

Insider Activity

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $11.06 per share, with a total value of $276,500.00. Following the completion of the transaction, the chairman now owns 2,469,282 shares of the company’s stock, valued at $27,310,258.92. The trade was a 1.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have purchased 1,243,033 shares of company stock worth $14,701,913. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Sunrise Realty Trust

A hedge fund recently raised its stake in Sunrise Realty Trust stock. Bank of America Corp DE increased its position in Sunrise Realty Trust, Inc. (NASDAQ:SUNS) by 60.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,183 shares of the company’s stock after acquiring an additional 1,952 shares during the quarter. Bank of America Corp DE owned about 0.07% of Sunrise Realty Trust worth $73,000 as of its most recent SEC filing.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.