Sunrise Realty Trust (NASDAQ:SUNS) Price Target Raised to $8.00 at Keefe, Bruyette & Woods

Sunrise Realty Trust (NASDAQ:SUNS) had its price objective hoisted by analysts at Keefe, Bruyette & Woods from $7.75 to $8.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 1.84% from the company’s current price.

Several other research analysts have also issued reports on SUNS. Weiss Ratings restated a “sell (d)” rating on shares of Sunrise Realty Trust in a research report on Thursday, January 22nd. Zacks Research lowered Sunrise Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 24th. Finally, Wall Street Zen upgraded Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Sell” and an average price target of $8.00.

Sunrise Realty Trust Stock Performance

NASDAQ SUNS traded up $0.22 on Monday, reaching $8.15. The company’s stock had a trading volume of 4,626 shares, compared to its average volume of 100,772. Sunrise Realty Trust has a twelve month low of $7.34 and a twelve month high of $11.78. The firm’s 50 day moving average is $8.02 and its two-hundred day moving average is $9.02. The stock has a market cap of $110.19 million, a PE ratio of 8.18, a PEG ratio of 0.59 and a beta of 0.77.

Sunrise Realty Trust (NASDAQ:SUNS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. The company had revenue of $10.27 million for the quarter, compared to analysts’ expectations of $6.18 million. Equities research analysts anticipate that Sunrise Realty Trust will post 1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunrise Realty Trust

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Sunrise Realty Trust by 60.4% during the 4th quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock worth $73,000 after purchasing an additional 1,952 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sunrise Realty Trust by 90.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock valued at $67,000 after purchasing an additional 2,880 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Sunrise Realty Trust by 22.5% in the first quarter. Rhumbline Advisers now owns 9,780 shares of the company’s stock worth $108,000 after buying an additional 1,794 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Sunrise Realty Trust by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,394 shares of the company’s stock valued at $107,000 after buying an additional 3,602 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Sunrise Realty Trust during the first quarter valued at $87,000.

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.