Sunrise Realty Trust (NASDAQ:SUNS) Chairman Leonard Tannenbaum Acquires 37,000 Shares of Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum acquired 37,000 shares of Sunrise Realty Trust stock in a transaction dated Tuesday, December 30th. The shares were bought at an average price of $9.77 per share, with a total value of $361,490.00. Following the transaction, the chairman directly owned 485,681 shares in the company, valued at approximately $4,745,103.37. The trade was a 8.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sunrise Realty Trust Price Performance

NASDAQ SUNS opened at $9.25 on Friday. Sunrise Realty Trust, Inc. has a 12 month low of $7.80 and a 12 month high of $14.72. The company has a market capitalization of $124.14 million, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92. The firm’s fifty day moving average price is $9.78 and its 200 day moving average price is $10.31.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%.Sunrise Realty Trust has set its Q1 2025 guidance at 0.300-0.320 EPS. As a group, sell-side analysts forecast that Sunrise Realty Trust, Inc. will post 0.58 earnings per share for the current 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 given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.20 annualized dividend and a yield of 13.0%. Sunrise Realty Trust’s payout ratio is 110.09%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SUNS shares. Weiss Ratings reissued a “sell (d)” rating on shares of Sunrise Realty Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price target on shares of Sunrise Realty Trust from $11.25 to $11.00 and set an “outperform” rating for the company in a research note 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.13.

Hedge Funds Weigh In On Sunrise Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in shares of Sunrise Realty Trust in the first quarter valued at about $1,450,000. Raymond James Financial Inc. acquired a new stake in Sunrise Realty Trust in the first quarter valued at about $3,337,000. Corebridge Financial Inc. boosted its holdings in Sunrise Realty Trust by 82.4% in the 1st 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. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $311,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new position in Sunrise Realty Trust during the 1st quarter worth approximately $6,629,000.

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.