Leonard M. Tannenbaum Acquires 1,136 Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard M. Tannenbaum acquired 1,136 shares of Sunrise Realty Trust stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $13.10 per share, with a total value of $14,881.60. Following the completion of the purchase, the chairman now owns 366,763 shares in the company, valued at approximately $4,804,595.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sunrise Realty Trust Stock Up 0.6 %

Shares of NASDAQ:SUNS traded up $0.08 during midday trading on Monday, reaching $13.36. 53,348 shares of the company’s stock traded hands, compared to its average volume of 142,178. Sunrise Realty Trust, Inc. has a one year low of $8.11 and a one year high of $14.85.

Sunrise Realty Trust Announces Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Tuesday, December 31st.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report 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.