Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 274,493 shares, a decrease of 60.7% from the June 15th total of 697,958 shares. Currently, 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 231,794 shares, the short-interest ratio is presently 1.2 days.
Sunrise Realty Trust Stock Up 0.4%
Shares of SUNS traded up $0.03 during mid-day trading on Wednesday, hitting $8.29. 37,772 shares of the company’s stock traded hands, compared to its average volume of 104,601. The business’s 50-day moving average price is $8.25 and its 200-day moving average price is $8.59. The firm has a market capitalization of $112.08 million, a P/E ratio of 8.37, a PEG ratio of 0.62 and a beta of 1.02. Sunrise Realty Trust has a 1 year low of $7.34 and a 1 year high of $11.78.
Sunrise Realty Trust (NASDAQ:SUNS – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. The firm had revenue of $10.27 million for the quarter, compared to the consensus estimate of $6.18 million. Sell-side analysts anticipate that Sunrise Realty Trust will post 1.2 earnings per share for the current fiscal year.
Sunrise Realty Trust Announces Dividend
Hedge Funds Weigh In On Sunrise Realty Trust
Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew 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 valued at $6,115,000 after buying an additional 94,628 shares in the last quarter. GatePass Capital LLC purchased a new stake in Sunrise Realty Trust in the first quarter valued at approximately $588,000. Corsair Capital Management L.P. boosted its holdings in 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 valued at $478,000 after acquiring an additional 40,704 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sunrise Realty Trust by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 252,711 shares of the company’s stock valued at $2,383,000 after purchasing an additional 19,565 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Sunrise Realty Trust by 67.3% during the fourth quarter. Renaissance Technologies LLC now owns 47,000 shares of the company’s stock worth $443,000 after acquiring an additional 18,900 shares during the period.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Sunrise Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 26th. Zacks Research lowered Sunrise Realty Trust from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Sunrise Realty Trust from $7.75 to $8.00 and gave the stock a “market perform” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Sunrise Realty Trust has an average rating of “Sell” and an average price target of $8.00.
Check Out Our Latest Stock Analysis on SUNS
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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