Sunrise Realty Trust (NASDAQ:SUNS) Chairman Acquires 17,790 Shares

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum purchased 17,790 shares of Sunrise Realty Trust stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $9.45 per share, with a total value of $168,115.50. Following the transaction, the chairman owned 2,973,226 shares of the company’s stock, valued at approximately $28,096,985.70. This represents a 0.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sunrise Realty Trust Price Performance

Shares of SUNS stock traded down $0.23 during trading hours on Thursday, reaching $9.36. 95,126 shares of the company traded hands, compared to its average volume of 55,653. The firm has a 50-day moving average price of $10.03 and a 200 day moving average price of $10.48. The company has a market cap of $125.61 million, a P/E ratio of 8.59, a P/E/G ratio of 0.75 and a beta of 0.93. Sunrise Realty Trust, Inc. has a 12-month low of $7.80 and a 12-month high of $15.70.

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

Sunrise Realty Trust Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on SUNS shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sunrise Realty Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price objective on Sunrise Realty Trust from $11.25 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.13.

Hedge Funds Weigh In On Sunrise Realty Trust

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

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.