Sunrise Realty Trust (NASDAQ:SUNS) Chairman Leonard Tannenbaum Acquires 100,000 Shares

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum bought 100,000 shares of the stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average cost of $9.40 per share, for a total transaction of $940,000.00. Following the completion of the acquisition, the chairman directly owned 585,681 shares of the company’s stock, valued at approximately $5,505,401.40. This trade represents a 20.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sunrise Realty Trust Stock Down 1.9%

SUNS stock opened at $9.25 on Friday. The company’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $10.31. The firm has a market cap of $124.14 million, a P/E ratio of 8.49, a P/E/G ratio of 0.66 and a beta of 0.92. Sunrise Realty Trust, Inc. has a 12 month low of $7.80 and a 12 month high of $14.72.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings results 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 EPS for the current year.

Sunrise Realty Trust Dividend Announcement

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

Institutional Trading of Sunrise Realty Trust

Several institutional investors and hedge funds 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 in the 1st quarter valued at about $6,629,000. Raymond James Financial Inc. acquired a new position in shares of Sunrise Realty Trust during the 1st quarter worth approximately $3,337,000. Pacific Ridge Capital Partners LLC increased its stake in shares of Sunrise Realty Trust by 55.9% during the third quarter. Pacific Ridge Capital Partners LLC now owns 372,774 shares of the company’s stock worth $3,873,000 after purchasing an additional 133,608 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Sunrise Realty Trust during the 1st quarter worth approximately $1,450,000. Finally, Vanguard Group Inc. increased its position in shares of Sunrise Realty Trust by 19.2% during the third quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock worth $6,115,000 after purchasing an additional 94,628 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on SUNS. Keefe, Bruyette & Woods dropped 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 research note on Wednesday, November 19th. Weiss Ratings restated a “sell (d)” rating on shares of Sunrise Realty Trust in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sunrise Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $13.13.

Sunrise Realty Trust Company Profile

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.