Sunrise Realty Trust (NASDAQ:SUNS) Stock Price Up 0.1% – What’s Next?

Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) rose 0.1% during trading on Thursday . The stock traded as high as $14.83 and last traded at $14.60. Approximately 35,573 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 84,061 shares. The stock had previously closed at $14.58.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SUNS. Raymond James started coverage on Sunrise Realty Trust in a research note on Thursday, October 3rd. They set an “outperform” rating and a $17.50 price target on the stock. StockNews.com raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st.

Sunrise Realty Trust Stock Performance

The stock’s fifty day moving average is $14.15.

Sunrise Realty Trust Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, September 30th.

Insider Buying and Selling

In other news, Chairman Leonard M. Tannenbaum purchased 20,000 shares of the stock in a transaction on Tuesday, August 20th. The stock was purchased at an average price of $12.17 per share, with a total value of $243,400.00. Following the completion of the transaction, the chairman now owns 345,627 shares in the company, valued at approximately $4,206,280.59. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average price of $12.17 per share, for a total transaction of $243,400.00. Following the completion of the acquisition, the chairman now owns 345,627 shares of the company’s stock, valued at approximately $4,206,280.59. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Leonard M. Tannenbaum acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $13.35 per share, with a total value of $133,500.00. Following the completion of the purchase, the chairman now owns 376,763 shares of the company’s stock, valued at $5,029,786.05. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 157,471 shares of company stock valued at $2,041,658. 5.70% of the stock is currently owned by company insiders.

Institutional Trading of Sunrise Realty Trust

A hedge fund recently bought a new stake in Sunrise Realty Trust stock. Nisa Investment Advisors LLC bought a new stake in Sunrise Realty Trust, Inc. (NASDAQ:SUNS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,898 shares of the company’s stock, valued at approximately $28,000.

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.