Sunrise Realty Trust, Inc. (SUNS) to Issue Quarterly Dividend of $0.30 on January 15th

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a quarterly dividend on Monday, December 15th. Investors of record on Wednesday, December 31st will be given a dividend of 0.30 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

Sunrise Realty Trust Trading Down 1.7%

Shares of SUNS stock opened at $9.77 on Monday. The company has a market capitalization of $131.11 million, a price-to-earnings ratio of 8.96, a PEG ratio of 0.77 and a beta of 0.90. The firm has a 50-day moving average price of $9.81 and a 200 day moving average price of $10.36. Sunrise Realty Trust has a twelve month low of $7.80 and a twelve month high of $14.87.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its quarterly 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. As a group, research analysts predict that Sunrise Realty Trust will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Sunrise Realty Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price objective on Sunrise Realty Trust from $11.25 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sunrise Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.13.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust is a real estate investment trust (REIT) that focuses on acquiring, owning and leasing convenience store and fuel retail properties under long-term net leases. The company targets sale-leaseback transactions and joint-venture investments with high-credit tenants in the convenience retail sector. Sunrise Realty Trust’s portfolio comprises single-tenant properties that benefit from predictable cash flows, structured lease agreements and tenant-driven site improvements, providing exposure to a segment of the retail real estate market that aligns closely with consumer essentials.

The company’s primary business activities include sourcing and underwriting new property investments, negotiating sale-leaseback and ground lease transactions, and managing asset performance throughout the lease term.