Sunrise Realty Trust (NASDAQ:SUNS – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.
Several other research analysts also recently commented on SUNS. Weiss Ratings restated a “sell (d)” rating on shares of Sunrise Realty Trust in a research note on Thursday, January 22nd. Wall Street Zen raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Keefe, Bruyette & Woods upped their price target on Sunrise Realty Trust from $7.75 to $8.00 and gave the stock a “market perform” rating in a research report on Monday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $8.00.
Check Out Our Latest Stock Report on SUNS
Sunrise Realty Trust Price Performance
Sunrise Realty Trust (NASDAQ:SUNS – Get Free Report) last issued its 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. Sunrise Realty Trust had a return on equity of 8.33% and a net margin of 54.82%.The firm had revenue of $10.27 million during the quarter, compared to the consensus estimate of $6.18 million. As a group, equities analysts anticipate that Sunrise Realty Trust will post 1.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SUNS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sunrise Realty Trust by 90.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock valued at $67,000 after buying an additional 2,880 shares during the last quarter. Bank of America Corp DE boosted its holdings in Sunrise Realty Trust by 60.4% in the 4th quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock valued at $73,000 after purchasing an additional 1,952 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Sunrise Realty Trust in the 1st quarter worth approximately $87,000. Wells Fargo & Company MN grew its holdings in shares of Sunrise Realty Trust by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,394 shares of the company’s stock worth $107,000 after acquiring an additional 3,602 shares during the period. Finally, Rhumbline Advisers raised its position 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.
About Sunrise Realty Trust
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.
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