Key Points
- Sunrise Realty Trust Chairman Leonard Tannenbaum purchased 13,000 shares on November 24 at an average price of $9.72 (total $126,360), bringing his stake to 3,011,226 shares—about a 0.43% increase valued at roughly $29.27 million.
- The company pays a quarterly dividend of $0.30 (annualized $1.20) yielding 11.9%, but the payout ratio is 110.09%, signaling potential sustainability concerns.
- SUNS trades near $10.09 with a market cap of $135.4M and a P/E of 9.26; analysts give a consensus rating of Moderate Buy with an average target of $13.13.
Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Get Free Report) Chairman Leonard Tannenbaum purchased 13,000 shares of Sunrise Realty Trust stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $9.72 per share, with a total value of $126,360.00. Following the completion of the acquisition, the chairman owned 3,011,226 shares in the company, valued at approximately $29,269,116.72. This trade represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Sunrise Realty Trust Stock Performance
Shares of SUNS traded down $0.22 during trading hours on Thursday, reaching $10.09. 61,547 shares of the company traded hands, compared to its average volume of 63,545. The stock's fifty day moving average is $9.93 and its 200 day moving average is $10.47. Sunrise Realty Trust, Inc. has a 1-year low of $7.80 and a 1-year high of $15.70. The stock has a market cap of $135.41 million, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.81 and a beta of 0.93.
Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last announced its quarterly earnings data 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, equities research analysts predict that Sunrise Realty Trust, Inc. will post 0.58 EPS for the current year.
Sunrise Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.9%. The ex-dividend date was Tuesday, September 30th. Sunrise Realty Trust's dividend payout ratio is currently 110.09%.
Analysts Set New Price Targets
SUNS has been the subject of a number of analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Sunrise Realty Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price target on shares of Sunrise Realty Trust from $11.25 to $11.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.13.
Check Out Our Latest Research Report on Sunrise Realty Trust
Institutional Trading of Sunrise Realty Trust
A number of institutional investors have recently bought and sold shares of SUNS. PNC Financial Services Group Inc. bought a new stake in shares of Sunrise Realty Trust during the 1st quarter valued at $25,000. Nisa Investment Advisors LLC lifted its holdings in shares of Sunrise Realty Trust by 61.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company's stock valued at $33,000 after purchasing an additional 1,149 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in shares of Sunrise Realty Trust by 82.4% in the first quarter. Corebridge Financial Inc. now owns 5,117 shares of the company's stock valued at $57,000 after buying an additional 2,312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sunrise Realty Trust by 90.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company's stock worth $67,000 after purchasing an additional 2,880 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake 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 acquiring an additional 1,952 shares in the last quarter.
Sunrise Realty Trust Company Profile
(
Get Free Report)
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.
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