Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Free Report) - Research analysts at B. Riley dropped their Q1 2025 earnings per share estimates for Sunrise Realty Trust in a report issued on Thursday, March 6th. B. Riley analyst R. Binner now anticipates that the company will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.29. B. Riley 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 Q2 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.24 EPS.
Other research analysts have also issued research reports about the stock. Raymond James decreased their price target on shares of Sunrise Realty Trust from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods decreased their target price on Sunrise Realty Trust from $12.75 to $12.25 and set an "outperform" rating on the stock in a research report on Monday.
View Our Latest Stock Report on SUNS
Sunrise Realty Trust Price Performance
Shares of NASDAQ:SUNS traded down $0.12 on Monday, hitting $11.04. The company had a trading volume of 58,875 shares, compared to its average volume of 155,483. The stock has a 50 day moving average price of $12.28 and a 200 day moving average price of $13.64. Sunrise Realty Trust has a 1-year low of $8.11 and a 1-year high of $15.74.
Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.30 earnings per share for the quarter, hitting analysts' consensus estimates of $0.30. The business had revenue of $3.45 million for the quarter, compared to analyst estimates of $3.25 million.
Sunrise Realty Trust Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.87%. The ex-dividend date of this dividend is Monday, March 31st.
Insider Buying and Selling
In related news, Chairman Leonard M. Tannenbaum acquired 1,000,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $12.00 per share, for a total transaction 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. The trade was a 69.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have acquired 1,087,429 shares of company stock valued at $13,171,696. 5.70% of the stock is owned by company insiders.
Institutional Trading of Sunrise Realty Trust
A number of institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in Sunrise Realty Trust in the third quarter valued at about $372,000. Charles Schwab Investment Management Inc. acquired a new stake in Sunrise Realty Trust during the third quarter worth about $231,000. Wasatch Advisors LP bought a new position in Sunrise Realty Trust in the 3rd quarter valued at about $8,875,000. State Street Corp acquired a new position in shares of Sunrise Realty Trust in the 3rd quarter valued at approximately $1,788,000. Finally, Barclays PLC bought a new stake in shares of Sunrise Realty Trust during the 3rd quarter worth approximately $106,000.
About Sunrise Realty Trust
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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.
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