Sunrise Realty Trust (NASDAQ:SUNS) Price Target Lowered to $12.25 at Keefe, Bruyette & Woods

Sunrise Realty Trust (NASDAQ:SUNS) had its price target reduced by research analysts at Keefe, Bruyette & Woods from $12.75 to $12.25 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 10.41% from the company’s current price.

Several other research firms have also recently commented on SUNS. Raymond James reissued an “outperform” rating and set a $15.00 target price (down from $17.50) on shares of Sunrise Realty Trust in a research note on Monday, February 3rd. B. Riley started coverage on shares of Sunrise Realty Trust in a research note on Thursday, February 13th. They set a “buy” rating and a $15.00 target price on the stock.

Sunrise Realty Trust Stock Down 0.0 %

NASDAQ SUNS traded down $0.01 on Monday, reaching $11.10. The stock had a trading volume of 23,919 shares, compared to its average volume of 156,444. The stock has a fifty day moving average price of $12.46 and a two-hundred day moving average price of $13.68. Sunrise Realty Trust has a 12-month low of $8.11 and a 12-month high of $15.74.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its earnings results on Thursday, March 6th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $3.45 million for the quarter, compared to analyst estimates of $3.25 million. Research analysts predict that Sunrise Realty Trust will post 0.58 EPS for the current year.

Insider Transactions at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum acquired 39,000 shares of Sunrise Realty Trust stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of $13.42 per share, for a total transaction of $523,380.00. Following the transaction, the chairman now owns 1,373,376 shares of the company’s stock, valued at $18,430,705.92. This represents a 2.92 % 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 this link. In the last ninety days, insiders acquired 1,087,429 shares of company stock valued at $13,171,696. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sunrise Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of SUNS. Bank of America Corp DE increased its position in Sunrise Realty Trust by 60.4% during the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock worth $73,000 after buying an additional 1,952 shares during the period. Castalian Partners LLC purchased a new stake in Sunrise Realty Trust during the 4th quarter valued at approximately $2,709,000. Tower Research Capital LLC TRC lifted its position in Sunrise Realty Trust by 353.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the company’s stock worth $41,000 after acquiring an additional 2,279 shares during the period. Marshall Wace LLP purchased a new position in shares of Sunrise Realty Trust in the 4th quarter valued at approximately $475,000. Finally, Barclays PLC raised its stake in shares of Sunrise Realty Trust by 14.8% during the fourth quarter. Barclays PLC now owns 8,484 shares of the company’s stock worth $120,000 after purchasing an additional 1,092 shares during the last quarter.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.