Sunrise Realty Trust (NASDAQ:SUNS) Chairman Leonard Tannenbaum Purchases 13,000 Shares of Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum purchased 13,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was acquired at an average cost of $9.72 per share, with a total value of $126,360.00. Following the purchase, the chairman owned 3,011,226 shares of the company’s stock, valued at approximately $29,269,116.72. This represents a 0.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sunrise Realty Trust Trading Down 2.1%

SUNS traded down $0.22 on Thursday, reaching $10.09. The company had a trading volume of 61,547 shares, compared to its average volume of 63,545. Sunrise Realty Trust, Inc. has a one year low of $7.80 and a one year high of $15.70. The company has a market capitalization of $135.41 million, a P/E ratio of 9.26, a PEG ratio of 0.81 and a beta of 0.93. The company has a fifty day moving average of $9.93 and a 200-day moving average of $10.47.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.30 earnings per share (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. Research analysts predict that Sunrise Realty Trust, Inc. will post 0.58 EPS for the current year.

Sunrise Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.30 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 11.9%. Sunrise Realty Trust’s dividend payout ratio is 110.09%.

Analyst Ratings Changes

A number of research analysts recently issued reports 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 shares of Sunrise Realty Trust from $11.25 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued 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 target price of $13.13.

Institutional Investors Weigh In On Sunrise Realty Trust

A number of large investors have recently made changes to their positions in SUNS. Nisa Investment Advisors LLC boosted its stake in Sunrise Realty Trust by 61.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company’s stock worth $33,000 after purchasing an additional 1,149 shares during the period. Rhumbline Advisers increased its stake in shares of Sunrise Realty Trust by 22.5% during the 1st quarter. Rhumbline Advisers now owns 9,780 shares of the company’s stock worth $108,000 after purchasing an additional 1,794 shares during the last quarter. Bank of America Corp DE boosted its holdings in Sunrise Realty Trust by 60.4% in the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock worth $73,000 after purchasing an additional 1,952 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Sunrise Realty Trust by 16.3% during the third quarter. Alliancebernstein L.P. now owns 15,672 shares of the company’s stock valued at $163,000 after buying an additional 2,200 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Sunrise Realty Trust during the 1st quarter worth about $25,000.

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.