What is B. Riley's Estimate for SUNS FY2024 Earnings?

Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Free Report) - Equities researchers at B. Riley issued their FY2024 EPS estimates for Sunrise Realty Trust in a research note issued to investors on Wednesday, February 12th. B. Riley analyst R. Binner forecasts that the company will post earnings per share of $0.53 for the year. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Sunrise Realty Trust's current full-year earnings is $0.58 per share. B. Riley also issued estimates for Sunrise Realty Trust's Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.35 EPS, FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.65 EPS.

Other equities research analysts have also recently issued research reports about the stock. Raymond James reaffirmed an "outperform" rating and set a $15.00 price objective (down previously from $17.50) on shares of Sunrise Realty Trust in a research report on Monday, February 3rd. Keefe, Bruyette & Woods began coverage on shares of Sunrise Realty Trust in a report on Tuesday, February 11th. They set an "outperform" rating and a $12.75 price target for the company.

Sunrise Realty Trust Trading Up 2.9 %

NASDAQ:SUNS traded up $0.33 during trading hours on Monday, reaching $11.86. 193,266 shares of the company were exchanged, compared to its average volume of 158,186. Sunrise Realty Trust has a 1-year low of $8.11 and a 1-year high of $15.74. The business has a 50 day moving average of $12.92 and a 200 day moving average of $13.65.

Insider Activity at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum acquired 1,000,000 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $12.00 per share, with a total value of $12,000,000.00. Following the purchase, the chairman now directly owns 2,434,213 shares in the company, valued at approximately $29,210,556. This trade represents a 69.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 1,087,429 shares of company stock valued at $13,171,696 over the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SUNS. Wasatch Advisors LP bought a new stake in Sunrise Realty Trust during the 3rd quarter worth $8,875,000. Castalian Partners LLC bought a new stake in shares of Sunrise Realty Trust during the fourth quarter worth about $2,709,000. Geode Capital Management LLC increased its stake in shares of Sunrise Realty Trust by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 125,942 shares of the company's stock valued at $1,773,000 after buying an additional 1,887 shares during the period. State Street Corp acquired a new position in shares of Sunrise Realty Trust in the third quarter valued at approximately $1,788,000. Finally, Renaissance Technologies LLC bought a new position in Sunrise Realty Trust in the 4th quarter valued at approximately $594,000.

About Sunrise Realty Trust

Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.