Sunrise Realty Trust (NASDAQ:SUNS) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Sunrise Realty Trust (NASDAQ:SUNS) from a strong sell rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on SUNS. Keefe, Bruyette & Woods increased their price target on shares of Sunrise Realty Trust from $7.75 to $8.00 and gave the company a “market perform” rating in a report on Monday. Wall Street Zen upgraded Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Sunrise Realty Trust in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $8.00.

Sunrise Realty Trust Trading Down 0.4%

SUNS opened at $7.96 on Monday. The stock has a market capitalization of $107.62 million, a P/E ratio of 8.04, a P/E/G ratio of 0.60 and a beta of 0.77. Sunrise Realty Trust has a 12 month low of $7.34 and a 12 month high of $11.78. The firm’s fifty day simple moving average is $7.95 and its 200 day simple moving average is $8.99.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The firm had revenue of $10.27 million for the quarter, compared to analysts’ expectations of $6.18 million. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. On average, equities research analysts predict that Sunrise Realty Trust will post 1.22 EPS for the current fiscal year.

Sunrise Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 15.1%. Sunrise Realty Trust’s dividend payout ratio (DPR) is currently 121.21%.

Institutional Trading of Sunrise Realty Trust

Several large investors have recently made changes to their positions in the company. Quantinno Capital Management LP boosted its position in shares of Sunrise Realty Trust by 22.9% during the 1st quarter. Quantinno Capital Management LP now owns 50,951 shares of the company’s stock worth $391,000 after acquiring an additional 9,510 shares in the last quarter. GatePass Capital LLC acquired a new stake in shares of Sunrise Realty Trust during the 1st quarter worth approximately $588,000. Hsbc Holdings PLC acquired a new stake in shares of Sunrise Realty Trust during the 1st quarter worth approximately $87,000. Osaic Holdings Inc. boosted its position in shares of Sunrise Realty Trust by 7.1% during the 4th quarter. Osaic Holdings Inc. now owns 16,947 shares of the company’s stock worth $160,000 after acquiring an additional 1,127 shares in the last quarter. Finally, Corsair Capital Management L.P. boosted its position in shares of Sunrise Realty Trust by 407.0% during the 4th quarter. Corsair Capital Management L.P. now owns 50,704 shares of the company’s stock worth $478,000 after acquiring an additional 40,704 shares in the last quarter.

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.