Sunrise Realty Trust (NASDAQ:SUNS) Stock Price Down 1.4% – What’s Next?

Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) were down 1.4% during trading on Wednesday . The stock traded as low as $8.41 and last traded at $8.41. Approximately 39,237 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 82,160 shares. The stock had previously closed at $8.53.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SUNS shares. Wall Street Zen upgraded shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Sunrise Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Zacks Research upgraded shares of Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Sunrise Realty Trust from $7.75 to $8.00 and gave the company a “market perform” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $8.00.

Sunrise Realty Trust Stock Up 0.4%

The company has a market cap of $115.46 million, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.64 and a beta of 0.98. The company’s 50-day moving average is $7.99 and its two-hundred day moving average is $8.87.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $10.27 million during the quarter, compared to analyst estimates of $6.18 million. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. On average, analysts anticipate that Sunrise Realty Trust, Inc. will post 1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunrise Realty Trust

Several institutional investors have recently added to or reduced their stakes in SUNS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Sunrise Realty Trust by 90.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock valued at $67,000 after buying an additional 2,880 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 valued at $73,000 after buying an additional 1,952 shares during the period. Hsbc Holdings PLC bought a new position in Sunrise Realty Trust during the first quarter valued at about $87,000. Wells Fargo & Company MN grew its position in 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 during the period. Finally, Rhumbline Advisers grew its position in Sunrise Realty Trust by 22.5% during the first quarter. Rhumbline Advisers now owns 9,780 shares of the company’s stock valued at $108,000 after buying an additional 1,794 shares during the period.

About Sunrise Realty Trust

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.