Sunrise Realty Trust (NASDAQ:SUNS) Posts Earnings Results, Misses Estimates By $0.05 EPS

Sunrise Realty Trust (NASDAQ:SUNS) posted its quarterly earnings data on Tuesday. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05), FiscalAI reports. Sunrise Realty Trust had a return on equity of 8.25% and a net margin of 53.33%. The business had revenue of $7.97 million during the quarter, compared to the consensus estimate of $9.13 million.

Sunrise Realty Trust Price Performance

Shares of SUNS stock opened at $6.97 on Wednesday. Sunrise Realty Trust has a one year low of $5.77 and a one year high of $10.45. The stock has a fifty day moving average price of $6.79 and a 200 day moving average price of $7.93. The stock has a market cap of $94.23 million, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00.

Sunrise Realty Trust Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.09 dividend. Sunrise Realty Trust’s dividend payout ratio (DPR) is currently 132.99%.

Insider Transactions at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard Tannenbaum purchased 50,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $7.50 per share, for a total transaction of $375,000.00. Following the completion of the purchase, the chairman directly owned 3,142,719 shares in the company, valued at approximately $23,570,392.50. This trade represents a 1.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 28.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on SUNS shares. Zacks Research raised Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. New Street Research upgraded Sunrise Realty Trust from a “sell” rating to a “neutral” rating in a report on Wednesday, September 23rd. Weiss Ratings raised Sunrise Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Sunrise Realty Trust from $8.00 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, October 9th. Three equities research 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, the company presently has a consensus 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.