Sunrise Realty Trust (NASDAQ:SUNS) Chairman Leonard Tannenbaum Acquires 17,500 Shares of Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum acquired 17,500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of $9.61 per share, for a total transaction of $168,175.00. Following the completion of the transaction, the chairman owned 2,955,436 shares in the company, valued at $28,401,739.96. The trade was a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Sunrise Realty Trust Stock Down 2.2%

NASDAQ SUNS opened at $9.38 on Wednesday. The stock has a market capitalization of $125.89 million, a P/E ratio of 8.61, a P/E/G ratio of 0.76 and a beta of 0.94. Sunrise Realty Trust, Inc. has a 52-week low of $7.80 and a 52-week high of $15.70. The firm has a 50-day moving average price of $10.09 and a 200 day moving average price of $10.49.

Sunrise Realty Trust (NASDAQ:SUNS) last released its earnings results on Tuesday, April 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%. Sunrise Realty Trust has set its Q1 2025 guidance at 0.300-0.320 EPS. On average, equities research analysts expect that Sunrise Realty Trust, Inc. will post 0.58 earnings per share for the current fiscal year.

Sunrise Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.30 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.20 annualized dividend and a yield of 12.8%. Sunrise Realty Trust’s dividend payout ratio is presently 110.09%.

Institutional Trading of Sunrise Realty Trust

A number of institutional investors have recently bought and sold shares of the company. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Sunrise Realty Trust in the 1st quarter worth about $6,629,000. Raymond James Financial Inc. purchased a new stake in shares of Sunrise Realty Trust in the first quarter valued at about $3,337,000. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Sunrise Realty Trust in the first quarter valued at about $2,142,000. Acadian Asset Management LLC acquired a new stake in shares of Sunrise Realty Trust in the first quarter valued at approximately $1,450,000. Finally, Vanguard Group Inc. increased its stake in shares of Sunrise Realty Trust by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock worth $6,115,000 after purchasing an additional 94,628 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on SUNS. Weiss Ratings reissued a “sell (d)” rating on shares of Sunrise Realty Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price target on shares of Sunrise Realty Trust from $11.50 to $11.25 and set an “outperform” rating for the company in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sunrise Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $13.19.

About Sunrise Realty Trust

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.