Barclays PLC Boosts Stock Holdings in Sunrise Realty Trust, Inc. (NASDAQ:SUNS)

Barclays PLC grew its position in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,484 shares of the company’s stock after purchasing an additional 1,092 shares during the period. Barclays PLC owned approximately 0.12% of Sunrise Realty Trust worth $120,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in Sunrise Realty Trust during the fourth quarter valued at approximately $594,000. Geode Capital Management LLC boosted its position in shares of Sunrise Realty Trust by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 125,942 shares of the company’s stock valued at $1,773,000 after acquiring an additional 1,887 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sunrise Realty Trust by 97.6% during the 4th quarter. JPMorgan Chase & Co. now owns 21,280 shares of the company’s stock valued at $300,000 after acquiring an additional 10,511 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Sunrise Realty Trust in the fourth quarter valued at $158,000. Finally, Spire Wealth Management bought a new stake in Sunrise Realty Trust in the fourth quarter worth $137,000.

Insider Buying and Selling at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum bought 50,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $11.03 per share, for a total transaction of $551,500.00. Following the purchase, the chairman now directly owns 2,543,289 shares of the company’s stock, valued at approximately $28,052,477.67. The trade was a 2.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 301,927 shares of company stock valued at $3,316,140 in the last quarter. 24.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on SUNS. Raymond James lowered their price objective on shares of Sunrise Realty Trust from $15.00 to $14.50 and set an “outperform” rating for the company in a research report on Monday, March 10th. Oppenheimer initiated coverage on shares of Sunrise Realty Trust in a report on Thursday, April 17th. They issued an “outperform” rating and a $12.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on Sunrise Realty Trust from $12.25 to $10.75 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Finally, B. Riley initiated coverage on Sunrise Realty Trust in a research note on Thursday, February 13th. They issued a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $13.06.

Sunrise Realty Trust Trading Down 3.1%

SUNS stock opened at $10.35 on Thursday. The stock has a market cap of $138.91 million and a PE ratio of 10.25. Sunrise Realty Trust, Inc. has a 12 month low of $7.80 and a 12 month high of $15.74. The company has a 50-day moving average price of $10.24 and a 200 day moving average price of $12.29.

Sunrise Realty Trust (NASDAQ:SUNS) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $3.45 million during the quarter, compared to the consensus estimate of $3.25 million. Sell-side analysts forecast that Sunrise Realty Trust, Inc. will post 0.58 EPS for the current year.

Sunrise Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend was Monday, March 31st. Sunrise Realty Trust’s payout ratio is currently 118.81%.

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.