Sunrise Realty Trust (NASDAQ:SUNS) Chairman Leonard Tannenbaum Buys 23,109 Shares

Posted by Francis Steltz on Aug 11th, 2026

Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Get Free Report) Chairman Leonard Tannenbaum acquired 23,109 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $7.73 per share, for a total transaction of $178,632.57. Following the completion of the acquisition, the chairman owned 3,047,719 shares in the company, valued at approximately $23,558,867.87. This trade represents a 0.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sunrise Realty Trust Stock Down 3.1%

Shares of NASDAQ SUNS traded down $0.24 during midday trading on Tuesday, hitting $7.49. The stock had a trading volume of 99,930 shares, compared to its average volume of 99,755. Sunrise Realty Trust, Inc. has a 1-year low of $7.34 and a 1-year high of $11.78. The company has a market capitalization of $101.26 million, a price-to-earnings ratio of 7.72, a PEG ratio of 0.59 and a beta of 1.02. The company has a fifty day moving average price of $8.21 and a 200 day moving average price of $8.40.

Sunrise Realty Trust (NASDAQ:SUNS – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $8.56 million for the quarter, compared to analyst estimates of $7.17 million. Sunrise Realty Trust had a return on equity of 8.24% and a net margin of 53.33%. On average, research analysts forecast that Sunrise Realty Trust, Inc. will post 1.2 EPS for the current year.

Sunrise Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 16.0%. Sunrise Realty Trust’s dividend payout ratio is presently 123.71%.

Analyst Upgrades and Downgrades

SUNS has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price 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, May 18th. Weiss Ratings downgraded Sunrise Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 16th. Wall Street Zen raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $8.00.

Get Our Latest Stock Report on SUNS

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Sunrise Realty Trust during the 2nd quarter valued at $1,038,000. Vanguard Group Inc. increased its stake in Sunrise Realty Trust by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock worth $6,115,000 after buying an additional 94,628 shares during the period. GatePass Capital LLC acquired a new position in Sunrise Realty Trust in the 1st quarter worth $588,000. Corsair Capital Management L.P. lifted its holdings in Sunrise Realty Trust by 407.0% in the 4th quarter. Corsair Capital Management L.P. now owns 50,704 shares of the company’s stock worth $478,000 after buying an additional 40,704 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Sunrise Realty Trust by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 252,711 shares of the company’s stock valued at $2,383,000 after buying an additional 19,565 shares during the last quarter.

About Sunrise Realty Trust

(Get Free Report)

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.