MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Position in Sunrise Realty Trust, Inc. (NASDAQ:SUNS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in Sunrise Realty Trust, Inc. (NASDAQ:SUNS) by 91.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,197 shares of the company’s stock after selling 34,539 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Sunrise Realty Trust were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Sunrise Realty Trust by 14.8% in the fourth quarter. Barclays PLC now owns 8,484 shares of the company’s stock worth $120,000 after purchasing an additional 1,092 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Sunrise Realty Trust by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 125,942 shares of the company’s stock worth $1,773,000 after purchasing an additional 1,887 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Sunrise Realty Trust by 60.4% in the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock worth $73,000 after purchasing an additional 1,952 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Sunrise Realty Trust by 353.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the company’s stock worth $41,000 after purchasing an additional 2,279 shares during the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of Sunrise Realty Trust in the fourth quarter worth approximately $137,000.

Sunrise Realty Trust Price Performance

Sunrise Realty Trust stock opened at $10.53 on Tuesday. Sunrise Realty Trust, Inc. has a one year low of $7.80 and a one year high of $15.74. The business has a fifty day moving average price of $10.10 and a 200-day moving average price of $11.91. The firm has a market capitalization of $141.32 million and a P/E ratio of 10.43.

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

Insider Transactions at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of $10.39 per share, for a total transaction of $103,900.00. Following the completion of the transaction, the chairman now owns 2,795,216 shares of the company’s stock, valued at approximately $29,042,294.24. This represents a 0.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 311,927 shares of company stock valued at $3,420,040 over the last three months. Company insiders own 24.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.