Insider Buying: Sunrise Realty Trust (NASDAQ:SUNS) Chairman Buys $361,490.00 in Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum bought 37,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were bought at an average price of $9.77 per share, for a total transaction of $361,490.00. Following the transaction, the chairman directly owned 485,681 shares in the company, valued at $4,745,103.37. This trade represents a 8.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sunrise Realty Trust Trading Down 1.9%

NASDAQ:SUNS opened at $9.25 on Monday. Sunrise Realty Trust, Inc. has a 12 month low of $7.80 and a 12 month high of $14.72. The stock has a market capitalization of $124.14 million, a price-to-earnings ratio of 8.49, a PEG ratio of 0.64 and a beta of 0.92. The firm has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $10.31.

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

Sunrise Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.20 annualized dividend and a yield of 13.0%. Sunrise Realty Trust’s dividend payout ratio is presently 110.09%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SUNS. Bank of America Corp DE grew its holdings in Sunrise Realty Trust by 60.4% during the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock worth $73,000 after buying an additional 1,952 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Sunrise Realty Trust by 74.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 28,067 shares of the company’s stock worth $311,000 after acquiring an additional 12,000 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Sunrise Realty Trust in the first quarter valued at about $210,000. Raymond James Financial Inc. purchased a new stake in shares of Sunrise Realty Trust in the first quarter valued at about $3,337,000. Finally, Corebridge Financial Inc. lifted its position in shares of Sunrise Realty Trust by 82.4% during the first quarter. Corebridge Financial Inc. now owns 5,117 shares of the company’s stock valued at $57,000 after purchasing an additional 2,312 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SUNS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sunrise Realty Trust in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Sunrise Realty Trust from $11.25 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Sunrise Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $13.13.

About Sunrise Realty Trust

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.