Sunrise Realty Trust (NASDAQ:SUNS) Price Target Cut to $10.75 by Analysts at Keefe, Bruyette & Woods

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $12.25 to $10.75 in a report released on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 30.94% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. B. Riley started coverage on shares of Sunrise Realty Trust in a research note on Thursday, February 13th. They set a "buy" rating and a $15.00 target price on the stock. Raymond James cut their price target on Sunrise Realty Trust from $15.00 to $14.50 and set an "outperform" rating for the company in a report on Monday, March 10th.

Sunrise Realty Trust Trading Up 0.4 %

SUNS traded up $0.03 on Monday, hitting $8.21. 108,436 shares of the stock were exchanged, compared to its average volume of 103,785. Sunrise Realty Trust has a 12 month low of $7.80 and a 12 month high of $15.74. The business has a 50-day moving average of $11.11 and a two-hundred day moving average of $13.05.

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 during the quarter, compared to analyst estimates of $3.25 million. Analysts predict that Sunrise Realty Trust will post 0.58 EPS for the current fiscal year.

Insider Activity

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 25,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $11.06 per share, for a total transaction of $276,500.00. Following the completion of the purchase, the chairman now owns 2,469,282 shares in the company, valued at $27,310,258.92. The trade was a 1.02 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,243,033 shares of company stock valued at $14,701,913 in the last three months. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Sunrise Realty Trust by 353.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the company's stock valued at $41,000 after acquiring an additional 2,279 shares in the last quarter. Bank of America Corp DE grew its holdings in Sunrise Realty Trust by 60.4% during the 4th quarter. Bank of America Corp DE now owns 5,183 shares of the company's stock worth $73,000 after acquiring an additional 1,952 shares during the last quarter. Barclays PLC acquired a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at $106,000. Rhumbline Advisers boosted its stake in Sunrise Realty Trust by 22.5% in the first quarter. Rhumbline Advisers now owns 9,780 shares of the company's stock valued at $108,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Sunrise Realty Trust in the 4th quarter valued at about $137,000.

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.