Sunrise Realty Trust (NASDAQ:SUNS) Chairman Leonard Tannenbaum Buys 14,710 Shares of Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum purchased 14,710 shares of Sunrise Realty Trust stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average cost of $9.38 per share, with a total value of $137,979.80. Following the transaction, the chairman directly owned 2,937,936 shares of the company’s stock, valued at $27,557,839.68. This represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Sunrise Realty Trust Trading Down 2.2%

SUNS stock opened at $9.38 on Wednesday. The stock’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $10.49. Sunrise Realty Trust, Inc. has a 12-month low of $7.80 and a 12-month high of $15.70. The stock has a market capitalization of $125.89 million, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.76 and a beta of 0.94.

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

Sunrise Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on SUNS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Sunrise Realty Trust in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their target price on shares of Sunrise Realty Trust from $11.50 to $11.25 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. 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 company’s stock. According to data from MarketBeat.com, Sunrise Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $13.19.

Institutional Investors Weigh In On Sunrise Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of SUNS. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Sunrise Realty Trust in the first quarter valued at about $6,629,000. Vanguard Group Inc. lifted its holdings in Sunrise Realty Trust by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock worth $6,115,000 after purchasing an additional 94,628 shares in the last quarter. Gratia Capital LLC grew its holdings in Sunrise Realty Trust by 19.9% during the 2nd quarter. Gratia Capital LLC now owns 446,720 shares of the company’s stock valued at $4,735,000 after buying an additional 74,193 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Sunrise Realty Trust by 55.9% in the third quarter. Pacific Ridge Capital Partners LLC now owns 372,774 shares of the company’s stock worth $3,873,000 after buying an additional 133,608 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Sunrise Realty Trust during the first quarter worth $3,337,000.

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.