Insider Buying: Sunrise Realty Trust (NASDAQ:SUNS) Chairman Buys 100,000 Shares of Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard Tannenbaum acquired 100,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $9.40 per share, for a total transaction of $940,000.00. Following the completion of the purchase, the chairman directly owned 585,681 shares in the company, valued at $5,505,401.40. This trade represents a 20.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sunrise Realty Trust Price Performance

Shares of SUNS stock traded down $0.18 during mid-day trading on Friday, hitting $9.25. The stock had a trading volume of 112,017 shares, compared to its average volume of 99,180. The firm has a market cap of $124.14 million, a PE ratio of 8.49, a PEG ratio of 0.74 and a beta of 0.92. Sunrise Realty Trust, Inc. has a fifty-two week low of $7.80 and a fifty-two week high of $14.72. The company’s 50-day simple moving average is $9.79 and its 200-day simple moving average is $10.33.

Sunrise Realty Trust (NASDAQ:SUNS) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.30 earnings per share for the quarter. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%.Sunrise Realty Trust has set its Q1 2025 guidance at 0.300-0.320 EPS. On average, analysts expect that Sunrise Realty Trust, Inc. will post 0.58 EPS for the current year.

Sunrise Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Wednesday, December 31st. Sunrise Realty Trust’s dividend payout ratio (DPR) is currently 110.09%.

Analyst Ratings Changes

SUNS has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price target on shares of Sunrise Realty Trust from $11.25 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Sunrise Realty Trust in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sunrise Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $13.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SUNS. Nisa Investment Advisors LLC grew its holdings in shares of Sunrise Realty Trust by 61.6% during the second quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company’s stock worth $33,000 after buying an additional 1,149 shares in the last quarter. Corebridge Financial Inc. grew its holdings in Sunrise Realty Trust by 82.4% in the 1st quarter. Corebridge Financial Inc. now owns 5,117 shares of the company’s stock valued at $57,000 after buying an additional 2,312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sunrise Realty Trust by 90.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock valued at $67,000 after acquiring an additional 2,880 shares during the last quarter. Bank of America Corp DE increased its position in Sunrise Realty Trust by 60.4% during the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock worth $73,000 after purchasing an additional 1,952 shares during the last quarter. Finally, GatePass Capital LLC purchased a new position in Sunrise Realty Trust during the second quarter worth approximately $106,000.

About Sunrise Realty Trust

Sunrise Realty Trust is a real estate investment trust (REIT) that focuses on acquiring, owning and leasing convenience store and fuel retail properties under long-term net leases. The company targets sale-leaseback transactions and joint-venture investments with high-credit tenants in the convenience retail sector. Sunrise Realty Trust’s portfolio comprises single-tenant properties that benefit from predictable cash flows, structured lease agreements and tenant-driven site improvements, providing exposure to a segment of the retail real estate market that aligns closely with consumer essentials.

The company’s primary business activities include sourcing and underwriting new property investments, negotiating sale-leaseback and ground lease transactions, and managing asset performance throughout the lease term.