Sunrise Realty Trust’s (SUNS) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Sunrise Realty Trust (NASDAQ:SUNS) in a research report sent to investors on Thursday morning, Marketbeat.com reports. Keefe, Bruyette & Woods currently has a $9.50 target price on the stock, down from their previous target price of $10.75.

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

Sunrise Realty Trust Stock Performance

Shares of NASDAQ:SUNS opened at $9.37 on Thursday. The company has a fifty day moving average of $9.75 and a 200-day moving average of $10.26. Sunrise Realty Trust has a 52-week low of $7.80 and a 52-week high of $14.32. The company has a market capitalization of $125.75 million, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.65 and a beta of 0.92.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its earnings results on Tuesday, April 22nd. The company reported $0.30 earnings per share (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 forecast that Sunrise Realty Trust will post 0.58 EPS for the current fiscal year.

Sunrise Realty Trust Announces Dividend

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

Insider Buying and Selling

In other news, Chairman Leonard M. Tannenbaum bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $9.40 per share, with a total value of $940,000.00. Following the acquisition, the chairman owned 585,681 shares of the company’s stock, valued at approximately $5,505,401.40. The trade was a 20.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased a total of 225,000 shares of company stock worth $2,137,194 over the last three months. 24.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SUNS. Nisa Investment Advisors LLC increased its holdings in shares of Sunrise Realty Trust by 61.6% in the second quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company’s stock worth $33,000 after purchasing an additional 1,149 shares during the period. Bank of America Corp DE grew 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sunrise Realty Trust by 90.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock worth $67,000 after acquiring an additional 2,880 shares during the last quarter. Rhumbline Advisers increased its stake in Sunrise Realty Trust by 22.5% in the 1st quarter. Rhumbline Advisers now owns 9,780 shares of the company’s stock worth $108,000 after acquiring an additional 1,794 shares during the last quarter. Finally, GatePass Capital LLC purchased a new stake in shares of Sunrise Realty Trust in the 2nd quarter valued at about $106,000.

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.