Sunrise Realty Trust (NASDAQ:SUNS) Given New $14.50 Price Target at Raymond James

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) had its target price dropped by equities research analysts at Raymond James from $15.00 to $14.50 in a report issued on Monday, MarketBeat.com reports. The brokerage presently has an "outperform" rating on the stock. Raymond James' price objective would indicate a potential upside of 31.34% from the stock's previous close.

A number of other research analysts have also commented on SUNS. Keefe, Bruyette & Woods lowered their price objective on shares of Sunrise Realty Trust from $12.75 to $12.25 and set an "outperform" rating on the stock in a research note on Monday. B. Riley assumed coverage on shares of Sunrise Realty Trust in a research report on Thursday, February 13th. They set a "buy" rating and a $15.00 price objective on the stock.

Sunrise Realty Trust Stock Performance

Shares of SUNS stock traded up $0.02 during trading hours on Monday, hitting $11.04. 162,542 shares of the company were exchanged, compared to its average volume of 95,257. Sunrise Realty Trust has a one year low of $8.11 and a one year high of $15.74. The business's 50-day simple moving average is $12.21 and its two-hundred day simple moving average is $13.62.

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.30. The business had revenue of $3.45 million during the quarter, compared to the consensus estimate of $3.25 million. Equities analysts anticipate that Sunrise Realty Trust will post 0.58 earnings per share for the current fiscal year.

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Insider Buying and Selling at Sunrise Realty Trust

In other news, Chairman Leonard M. Tannenbaum purchased 47,810 shares of the firm's stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $13.39 per share, for a total transaction of $640,175.90. Following the completion of the acquisition, the chairman now directly owns 1,318,573 shares of the company's stock, valued at approximately $17,655,692.47. The trade was a 3.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 1,087,429 shares of company stock valued at $13,171,696 in the last quarter. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Sunrise Realty Trust

Hedge funds have recently made changes to their positions in the stock. State Street Corp acquired a new stake in shares of Sunrise Realty Trust during the third quarter worth approximately $1,788,000. Geode Capital Management LLC bought a new position in Sunrise Realty Trust in the third quarter valued at approximately $1,785,000. Barclays PLC bought a new position in Sunrise Realty Trust in the third quarter valued at approximately $106,000. Charles Schwab Investment Management Inc. bought a new position in shares of Sunrise Realty Trust during the third quarter worth $231,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Sunrise Realty Trust during the third quarter worth $155,000.

Sunrise Realty Trust Company Profile

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.