Leonard Tannenbaum Purchases 17,500 Shares of Sunrise Realty Trust (NASDAQ:SUNS) Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum bought 17,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $9.61 per share, for a total transaction of $168,175.00. Following the completion of the acquisition, the chairman directly owned 2,955,436 shares of the company’s stock, valued at approximately $28,401,739.96. This represents a 0.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sunrise Realty Trust Price Performance

Shares of NASDAQ:SUNS opened at $9.59 on Thursday. The business has a fifty day moving average price of $10.07 and a 200-day moving average price of $10.49. The company has a market capitalization of $128.70 million, a PE ratio of 8.80, a PEG ratio of 0.73 and a beta of 0.93. Sunrise Realty Trust, Inc. has a 1-year low of $7.80 and a 1-year high of $15.70.

Sunrise Realty Trust (NASDAQ:SUNS) 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 anticipate that Sunrise Realty Trust, Inc. will post 0.58 earnings per share for the current fiscal year.

Sunrise Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date was Tuesday, September 30th. Sunrise Realty Trust’s payout ratio is presently 110.09%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SUNS. Weiss Ratings reiterated a “sell (d)” rating on shares of Sunrise Realty Trust in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price target on Sunrise Realty Trust from $11.25 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.13.

Institutional Investors Weigh In On Sunrise Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Sunrise Realty Trust during the 1st quarter valued at $6,629,000. Raymond James Financial Inc. purchased a new stake in Sunrise Realty Trust in the 1st quarter worth $3,337,000. Pacific Ridge Capital Partners LLC purchased a new stake in Sunrise Realty Trust in the 1st quarter worth $2,142,000. Acadian Asset Management LLC bought a new stake in Sunrise Realty Trust during the first quarter valued at about $1,450,000. Finally, Vanguard Group Inc. lifted its position in shares of Sunrise Realty Trust by 19.2% in the third quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock valued at $6,115,000 after acquiring an additional 94,628 shares in the last quarter.

Sunrise Realty Trust Company Profile

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.