Sunrise Realty Trust (NASDAQ:SUNS) Earns Buy Rating from Analysts at B. Riley

B. Riley began coverage on shares of Sunrise Realty Trust (NASDAQ:SUNS - Free Report) in a research note published on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $15.00 target price on the stock.

SUNS has been the topic of a number of other research reports. Raymond James restated an "outperform" rating and set a $15.00 target price (down previously from $17.50) on shares of Sunrise Realty Trust in a research note on Monday, February 3rd. Keefe, Bruyette & Woods initiated coverage on shares of Sunrise Realty Trust in a report on Tuesday, February 11th. They set an "outperform" rating and a $12.75 price objective for the company.

Sunrise Realty Trust Trading Down 0.9 %

Sunrise Realty Trust stock traded down $0.11 during midday trading on Thursday, hitting $11.49. The stock had a trading volume of 83,301 shares, compared to its average volume of 193,567. Sunrise Realty Trust has a 52-week low of $8.11 and a 52-week high of $15.74. The firm's fifty day moving average is $13.06 and its two-hundred day moving average is $13.68.

Insider Activity at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum bought 39,000 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of $13.42 per share, for a total transaction of $523,380.00. Following the transaction, the chairman now owns 1,373,376 shares of the company's stock, valued at $18,430,705.92. This represents a 2.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 1,087,429 shares of company stock valued at $13,171,696. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunrise Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of Sunrise Realty Trust by 60.4% in the 4th quarter. Bank of America Corp DE now owns 5,183 shares of the company's stock valued at $73,000 after purchasing an additional 1,952 shares during the last quarter. Castalian Partners LLC purchased a new stake in Sunrise Realty Trust during the 4th quarter valued at $2,709,000. Tower Research Capital LLC TRC lifted its position in Sunrise Realty Trust by 353.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the company's stock worth $41,000 after buying an additional 2,279 shares during the last quarter. Marshall Wace LLP purchased a new position in Sunrise Realty Trust during the fourth quarter worth $475,000. Finally, Barclays PLC increased its position in Sunrise Realty Trust by 14.8% during the fourth quarter. Barclays PLC now owns 8,484 shares of the company's stock valued at $120,000 after acquiring an additional 1,092 shares during the last quarter.

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.