Sunrise Realty Trust (SUNS) to Release Earnings on Thursday

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Sunrise Realty Trust to post earnings of $0.32 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Sunrise Realty Trust Stock Up 0.2 %

Shares of SUNS stock traded up $0.03 on Friday, reaching $12.18. The company had a trading volume of 110,965 shares, compared to its average volume of 156,250. The business's 50-day moving average is $12.72 and its 200 day moving average is $13.69. Sunrise Realty Trust has a one year low of $8.11 and a one year high of $15.74.

Insider Activity

In related news, Chairman Leonard M. Tannenbaum acquired 39,000 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $13.42 per share, with a total value of $523,380.00. Following the completion of the purchase, the chairman now directly owns 1,373,376 shares in the company, valued at $18,430,705.92. The trade was a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders purchased 1,087,429 shares of company stock valued at $13,171,696. Company insiders own 5.70% of the company's stock.

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Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SUNS shares. Keefe, Bruyette & Woods assumed coverage on shares of Sunrise Realty Trust in a report on Tuesday, February 11th. They set an "outperform" rating and a $12.75 price target for the company. B. Riley initiated coverage on Sunrise Realty Trust in a report on Thursday, February 13th. They issued a "buy" rating and a $15.00 target price for the company. Finally, Raymond James reiterated an "outperform" rating and issued a $15.00 price objective (down previously from $17.50) on shares of Sunrise Realty Trust in a report on Monday, February 3rd.

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.