Sunrise Realty Trust (NASDAQ:SUNS) Receives “Market Perform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Sunrise Realty Trust (NASDAQ:SUNS) in a research note released on Thursday, Marketbeat Ratings reports. The brokerage currently has a $9.50 price objective on the stock, down from their prior price objective of $10.75.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Sunrise Realty Trust in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.75.

Sunrise Realty Trust Stock Performance

NASDAQ:SUNS opened at $9.36 on Thursday. The company has a market cap of $125.61 million, a price-to-earnings ratio of 8.59, a P/E/G ratio of 0.66 and a beta of 0.92. The stock’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $10.28. Sunrise Realty Trust has a 52-week low of $7.80 and a 52-week high of $14.32.

Sunrise Realty Trust (NASDAQ:SUNS) last released its earnings results on Tuesday, April 22nd. The company reported $0.30 EPS for the quarter. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%. On average, equities analysts predict that Sunrise Realty Trust will post 0.58 EPS for the current fiscal year.

Sunrise Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 12.8%. The ex-dividend date is Wednesday, December 31st. Sunrise Realty Trust’s dividend payout ratio (DPR) is 110.09%.

Insiders Place Their Bets

In related news, Chairman Leonard M. Tannenbaum purchased 100,000 shares of Sunrise Realty Trust stock in a transaction dated Wednesday, December 31st. The stock was bought at an average price 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 $5,505,401.40. This represents a 20.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 225,000 shares of company stock valued at $2,137,194 over the last 90 days. Insiders own 24.80% of the company’s stock.

Institutional Investors Weigh In On Sunrise Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Sunrise Realty Trust by 19.2% in the 3rd 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 during the period. Gratia Capital LLC lifted its holdings in shares of Sunrise Realty Trust by 19.9% in the second quarter. Gratia Capital LLC now owns 446,720 shares of the company’s stock valued at $4,735,000 after purchasing an additional 74,193 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position 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 buying an additional 133,608 shares during the period. Acadian Asset Management LLC bought a new position in shares of Sunrise Realty Trust during the first quarter worth about $1,450,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Sunrise Realty Trust by 53.5% during the first quarter. Goldman Sachs Group Inc. now owns 27,911 shares of the company’s stock worth $309,000 after buying an additional 9,732 shares in the last quarter.

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.