Leonard M. Tannenbaum Purchases 21,335 Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard M. Tannenbaum acquired 21,335 shares of Sunrise Realty Trust stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average cost of $13.69 per share, for a total transaction of $292,076.15. Following the completion of the purchase, the chairman now owns 395,181 shares in the company, valued at approximately $5,410,027.89. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Sunrise Realty Trust Stock Performance

NASDAQ SUNS opened at $14.09 on Friday. Sunrise Realty Trust, Inc. has a one year low of $8.11 and a one year high of $14.85.

Sunrise Realty Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, September 30th.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust (NASDAQ: SUNS) is an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States. The firm seeks to target loans with investment rates in the mid-teens.