Leonard M. Tannenbaum Acquires 25,000 Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard M. Tannenbaum bought 25,000 shares of the stock in a transaction on Friday, August 30th. The stock was purchased at an average cost of $13.85 per share, with a total value of $346,250.00. Following the acquisition, the chairman now owns 420,181 shares in the company, valued at $5,819,506.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sunrise Realty Trust Price Performance

Shares of SUNS stock traded up $0.56 on Tuesday, hitting $14.65. The company had a trading volume of 34,386 shares, compared to its average volume of 131,392. Sunrise Realty Trust, Inc. has a twelve month low of $8.11 and a twelve month high of $14.85.

Sunrise Realty Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.21 dividend. The ex-dividend date is Monday, September 30th.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st.

About Sunrise Realty Trust

Sunrise Realty Trust (NASDAQ: SUNS) is an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States. The firm seeks to target loans with investment rates in the mid-teens.