Sunrise Realty Trust (NASDAQ:SUNS) Now Covered by Keefe, Bruyette & Woods

Equities research analysts at Keefe, Bruyette & Woods began coverage on shares of Sunrise Realty Trust (NASDAQ:SUNS) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $12.75 price target on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 9.82% from the stock’s previous close.

Separately, Raymond James reaffirmed an “outperform” rating and set a $15.00 target price (down previously from $17.50) on shares of Sunrise Realty Trust in a report on Monday, February 3rd.

Sunrise Realty Trust Stock Down 0.2 %

Sunrise Realty Trust stock opened at $11.61 on Tuesday. The firm’s 50 day simple moving average is $13.28 and its 200 day simple moving average is $13.68. Sunrise Realty Trust has a 1-year low of $8.11 and a 1-year high of $15.74.

Insider Transactions at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum purchased 47,810 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $13.39 per share, with a total value of $640,175.90. Following the acquisition, the chairman now directly owns 1,318,573 shares of the company’s stock, valued at approximately $17,655,692.47. This represents a 3.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 1,087,429 shares of company stock valued at $13,171,696 in the last quarter. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Sunrise Realty Trust

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC bought a new position in shares of Sunrise Realty Trust in the 3rd quarter worth $28,000. Barclays PLC purchased a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at $106,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at $125,000. Spire Wealth Management purchased a new stake in shares of Sunrise Realty Trust in the 4th quarter valued at $137,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at $155,000.

About Sunrise Realty Trust

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.