Gratia Capital LLC Lowers Stock Holdings in Sunrise Realty Trust, Inc. $SUNS

Gratia Capital LLC cut its position in Sunrise Realty Trust, Inc. (NASDAQ:SUNS) by 22.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,355 shares of the company’s stock after selling 99,461 shares during the quarter. Sunrise Realty Trust accounts for 1.6% of Gratia Capital LLC’s holdings, making the stock its 16th largest holding. Gratia Capital LLC owned approximately 2.51% of Sunrise Realty Trust worth $2,681,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Sunrise Realty Trust by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock valued at $6,115,000 after acquiring an additional 94,628 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sunrise Realty Trust by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 252,711 shares of the company’s stock worth $2,383,000 after purchasing an additional 19,565 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Sunrise Realty Trust in the second quarter valued at approximately $1,038,000. Stifel Financial Corp grew its holdings in shares of Sunrise Realty Trust by 8.0% in the fourth quarter. Stifel Financial Corp now owns 77,700 shares of the company’s stock valued at $733,000 after purchasing an additional 5,760 shares in the last quarter. Finally, GatePass Capital LLC purchased a new stake in Sunrise Realty Trust during the 1st quarter worth approximately $588,000.

Sunrise Realty Trust Trading Down 1.1%

Shares of NASDAQ:SUNS opened at $7.40 on Thursday. Sunrise Realty Trust, Inc. has a 52 week low of $7.34 and a 52 week high of $11.78. The company’s 50 day moving average is $7.82 and its two-hundred day moving average is $8.13. The company has a market cap of $100.05 million, a PE ratio of 7.63, a P/E/G ratio of 0.57 and a beta of 1.00.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $8.56 million for the quarter, compared to analyst estimates of $7.17 million. Sunrise Realty Trust had a return on equity of 8.25% and a net margin of 53.33%. As a group, equities research analysts expect that Sunrise Realty Trust, Inc. will post 1.19 EPS for the current year.

Sunrise Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.30 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 16.2%. Sunrise Realty Trust’s dividend payout ratio is presently 123.71%.

Insider Buying and Selling at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum bought 50,000 shares of the firm’s stock in a transaction that occurred 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 $23,570,392.50. This trade represents a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders bought 118,822 shares of company stock worth $905,787. 28.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Keefe, Bruyette & Woods increased their price objective on Sunrise Realty Trust from $7.75 to $8.00 and gave the company a “market perform” rating in a research note on Monday, May 18th. Weiss Ratings lowered Sunrise Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 16th. Finally, Zacks Research raised Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $8.00.

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.