Sunrise Realty Trust (NASDAQ:SUNS) Updates Q1 2025 Earnings Guidance

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.300-0.320 for the period, compared to the consensus earnings per share estimate of 0.270. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SUNS shares. Oppenheimer assumed coverage on shares of Sunrise Realty Trust in a research report on Thursday, April 17th. They issued an "outperform" rating and a $12.00 target price for the company. Keefe, Bruyette & Woods dropped their price objective on shares of Sunrise Realty Trust from $12.25 to $10.75 and set an "outperform" rating for the company in a report on Monday, April 7th. B. Riley began 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 target on the stock. Finally, Raymond James reduced their price objective on shares of Sunrise Realty Trust from $15.00 to $14.50 and set an "outperform" rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sunrise Realty Trust currently has an average rating of "Buy" and a consensus price target of $13.06.

Sunrise Realty Trust Stock Performance

NASDAQ:SUNS traded up $0.05 during trading hours on Tuesday, reaching $9.51. 24,418 shares of the company were exchanged, compared to its average volume of 104,189. Sunrise Realty Trust has a 52-week low of $7.80 and a 52-week high of $15.74. The stock has a 50 day simple moving average of $10.69 and a 200 day simple moving average of $12.77.

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.30 EPS for the quarter, hitting analysts' consensus estimates of $0.30. The firm had revenue of $3.45 million for the quarter, compared to analyst estimates of $3.25 million. Analysts expect that Sunrise Realty Trust will post 0.58 EPS for the current year.

Sunrise Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 12.62%. The ex-dividend date of this dividend was Monday, March 31st.

Insider Activity at Sunrise Realty Trust

In other news, Chairman Leonard M. Tannenbaum purchased 25,000 shares of the business's stock in a transaction dated 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 acquisition, the chairman now directly owns 2,469,282 shares of the company's stock, valued at $27,310,258.92. The trade was a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 1,243,033 shares of company stock worth $14,701,913 over the last quarter. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sunrise Realty Trust

A hedge fund recently raised its stake in Sunrise Realty Trust stock. Bank of America Corp DE raised its position in Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Free Report) by 60.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,183 shares of the company's stock after purchasing an additional 1,952 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Sunrise Realty Trust worth $73,000 at the end of the most recent 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.

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