Sunrise Realty Trust, Inc. (SUNS) To Go Ex-Dividend on November 2nd

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a special dividend on Friday, October 23rd. Shareholders of record on Monday, November 2nd will be given a dividend of $0.09 per share on Thursday, November 5th. The ex-dividend date is Monday, November 2nd.

Sunrise Realty Trust Stock Up 0.3%

SUNS opened at $6.61 on Friday. Sunrise Realty Trust has a twelve month low of $5.77 and a twelve month high of $10.45. The company has a market cap of $89.34 million, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.53 and a beta of 1.04. The company has a 50-day moving average price of $6.89 and a 200 day moving average price of $8.01.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $8.56 million during the quarter, compared to analyst estimates of $7.17 million. Sunrise Realty Trust had a net margin of 53.33% and a return on equity of 8.25%. As a group, sell-side analysts expect that Sunrise Realty Trust will post 1.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SUNS has been the subject of several research reports. New Street Research raised Sunrise Realty Trust from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Weiss Ratings upgraded Sunrise Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Zacks Research raised Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Sunrise Realty Trust from $8.00 to $6.50 and set a “market perform” rating for the company in a research report on Friday, October 9th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sunrise Realty Trust currently has an average rating of “Reduce” and an average price target of $6.50.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust, Inc is a real estate investment trust focused on commercial real estate finance. The company invests in and originates commercial real estate debt, seeking to generate income from loans and other investments secured by properties in the United States.

Its investment activities are centered primarily on mortgage loans and other credit investments backed by commercial real estate. These investments may support the acquisition, refinancing, development, redevelopment or repositioning of properties, with the portfolio generally targeting opportunities in the middle-market commercial real estate sector.

Sunrise Realty Trust is externally managed and focuses on building a diversified portfolio of commercial real estate investments.