Sunrise Realty Trust (NASDAQ:SUNS) Price Target Lowered to $8.75 at Keefe, Bruyette & Woods

Sunrise Realty Trust (NASDAQ:SUNS) had its price objective lowered by Keefe, Bruyette & Woods from $9.50 to $8.75 in a research report report published on Wednesday,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other analysts have also issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Sunrise Realty Trust in a report on Thursday, January 22nd. Wall Street Zen lowered Sunrise Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.38.

Sunrise Realty Trust Trading Down 2.5%

Shares of SUNS stock opened at $8.31 on Wednesday. The firm’s fifty day moving average price is $9.24 and its two-hundred day moving average price is $9.79. Sunrise Realty Trust has a 1 year low of $7.80 and a 1 year high of $11.78. The firm has a market capitalization of $112.35 million, a P/E ratio of 8.84, a PEG ratio of 0.59 and a beta of 0.90.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The business had revenue of $7.17 million for the quarter, compared to analyst estimates of $7.13 million. Sunrise Realty Trust had a return on equity of 7.70% and a net margin of 56.29%. As a group, equities research analysts forecast that Sunrise Realty Trust will post 0.58 EPS for the current fiscal year.

Sunrise Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 14.4%. The ex-dividend date is Tuesday, March 31st. Sunrise Realty Trust’s dividend payout ratio (DPR) is 127.66%.

Insider Buying and Selling

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 100,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $9.40 per share, with a total value of $940,000.00. Following the completion of the transaction, the chairman directly owned 585,681 shares in the company, valued at $5,505,401.40. This represents a 20.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 24.80% of the company’s stock.

Institutional Trading of Sunrise Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC raised its stake in Sunrise Realty Trust by 55.9% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 372,774 shares of the company’s stock valued at $3,873,000 after acquiring an additional 133,608 shares during the period. Corsair Capital Management L.P. bought a new position in Sunrise Realty Trust during the second quarter worth $106,000. Empirical Finance LLC acquired a new position in shares of Sunrise Realty Trust in the second quarter valued at $262,000. Gratia Capital LLC increased 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 during the last quarter. Finally, GatePass Capital LLC bought a new position in shares of Sunrise Realty Trust in the second quarter valued at about $106,000.

About Sunrise Realty Trust

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.