Sunrise Realty Trust, Inc. (SUNS) to Issue Quarterly Dividend of $0.30 on July 15th

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.30 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Tuesday, June 30th.

Sunrise Realty Trust Trading Down 0.7%

SUNS stock opened at $8.49 on Wednesday. The firm’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $8.84. Sunrise Realty Trust has a 12-month low of $7.34 and a 12-month high of $11.78. The stock has a market capitalization of $114.78 million, a price-to-earnings ratio of 8.58, a PEG ratio of 0.64 and a beta of 0.98.

Sunrise Realty Trust (NASDAQ:SUNS) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $10.27 million for the quarter, compared to analysts’ expectations of $6.18 million. Equities analysts predict that Sunrise Realty Trust will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

SUNS has been the topic of a number of analyst reports. Weiss Ratings cut shares of Sunrise Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 8th. Keefe, Bruyette & Woods boosted their price target on shares of Sunrise Realty Trust from $7.75 to $8.00 and gave the company a “market perform” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded shares of Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.00.

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.