Key Points
- Chairman Leonard Tannenbaum bought 100,000 shares at an average price of $9.40 ($940,000) on Dec. 31, raising his direct stake to 585,681 shares — a 20.59% increase worth about $5.51 million.
- Sunrise declared a quarterly dividend of $0.30 per share (ex‑dividend and record date Dec. 31, payable Jan. 15), which annualizes to $1.20 for a ~13.0% yield but reflects a 110.09% payout ratio.
- The company trades with a market cap of $124.14 million and a P/E of 8.49, has a 12‑month range of $7.80–$14.72, and carries a MarketBeat consensus of "Moderate Buy" with a $13.13 target price.
Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Get Free Report) Chairman Leonard Tannenbaum acquired 37,000 shares of the business's stock in a transaction on Tuesday, December 30th. The stock was acquired at an average price of $9.77 per share, with a total value of $361,490.00. Following the transaction, the chairman directly owned 485,681 shares of the company's stock, valued at $4,745,103.37. This represents a 8.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sunrise Realty Trust Stock Performance
Shares of NASDAQ SUNS opened at $9.25 on Friday. The firm has a market capitalization of $124.14 million, a P/E ratio of 8.49, a PEG ratio of 0.66 and a beta of 0.92. Sunrise Realty Trust, Inc. has a one year low of $7.80 and a one year high of $14.72. The company's fifty day moving average is $9.78 and its two-hundred day moving average is $10.31.
Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Sunrise Realty Trust had a net margin of 62.48% and a return on equity of 7.76%. Sunrise Realty Trust has set its Q1 2025 guidance at 0.300-0.320 EPS. On average, sell-side analysts forecast that Sunrise Realty Trust, Inc. will post 0.58 earnings per share for the current fiscal year.
Sunrise Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Wednesday, December 31st. Sunrise Realty Trust's dividend payout ratio (DPR) is presently 110.09%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Sunrise Realty Trust from $11.25 to $11.00 and set an "outperform" rating for the company in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Sunrise Realty Trust in a research note on Wednesday, October 8th. 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's stock. According to data from MarketBeat, Sunrise Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $13.13.
Check Out Our Latest Stock Analysis on Sunrise Realty Trust
Hedge Funds Weigh In On Sunrise Realty Trust
A number of institutional investors have recently made changes to their positions in SUNS. Alliancebernstein L.P. lifted its position in shares of Sunrise Realty Trust by 16.3% in the third quarter. Alliancebernstein L.P. now owns 15,672 shares of the company's stock valued at $163,000 after acquiring an additional 2,200 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Sunrise Realty Trust by 55.9% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 372,774 shares of the company's stock valued at $3,873,000 after purchasing an additional 133,608 shares during the last quarter. 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 valued at $6,115,000 after purchasing an additional 94,628 shares in the last quarter. GatePass Capital LLC acquired a new stake in shares of Sunrise Realty Trust during the 2nd quarter worth about $106,000. Finally, Gratia Capital LLC grew its holdings in shares of Sunrise Realty Trust by 19.9% during the second quarter. Gratia Capital LLC now owns 446,720 shares of the company's stock worth $4,735,000 after buying an additional 74,193 shares in 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.
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