Sunrise Realty Trust (NASDAQ:SUNS) Trading Up 0.8% – Time to Buy?

Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) shot up 0.8% during trading on Tuesday . The company traded as high as $9.33 and last traded at $9.25. 65,866 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 92,293 shares. The stock had previously closed at $9.18.

Wall Street Analyst Weigh In

SUNS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $9.50 price target (down from $10.75) on shares of Sunrise Realty Trust in a research report on Thursday, January 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Sunrise Realty Trust in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sunrise Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $12.75.

Sunrise Realty Trust Stock Up 0.8%

The company has a market capitalization of $124.14 million, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.64 and a beta of 0.92. The stock’s fifty day moving average price is $9.58 and its two-hundred day moving average price is $10.01.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its earnings results on Thursday, November 13th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%. On average, equities research analysts forecast that Sunrise Realty Trust, Inc. will post 0.58 EPS for the current year.

Sunrise Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Sunrise Realty Trust’s dividend payout ratio (DPR) is currently 110.09%.

Insider Activity

In related news, Chairman Leonard M. Tannenbaum purchased 100,000 shares of Sunrise Realty Trust stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $9.40 per share, for a total transaction of $940,000.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought a total of 225,000 shares of company stock worth $2,137,194 in the last 90 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Sunrise Realty Trust by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock valued at $6,115,000 after purchasing an additional 94,628 shares during the period. Gratia Capital LLC raised its holdings in Sunrise Realty Trust by 19.9% in the second quarter. Gratia Capital LLC now owns 446,720 shares of the company’s stock worth $4,735,000 after purchasing an additional 74,193 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Sunrise Realty Trust by 55.9% in 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. Geode Capital Management LLC lifted its position in Sunrise Realty Trust by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 252,711 shares of the company’s stock valued at $2,383,000 after buying an additional 19,565 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Sunrise Realty Trust by 58.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 28,246 shares of the company’s stock valued at $266,000 after buying an additional 10,442 shares in the last quarter.

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.