Keefe, Bruyette & Woods Downgrades Sunrise Realty Trust (NASDAQ:SUNS) to Hold

Sunrise Realty Trust (NASDAQ:SUNS) was downgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Sunrise Realty Trust in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.75.

Sunrise Realty Trust Trading Down 1.4%

Sunrise Realty Trust stock opened at $9.36 on Wednesday. The company has a market capitalization of $125.61 million, a price-to-earnings ratio of 8.59, a PEG ratio of 0.66 and a beta of 0.92. Sunrise Realty Trust has a 12 month low of $7.80 and a 12 month high of $14.32. The stock’s 50 day moving average is $9.76 and its 200-day moving average is $10.28.

Sunrise Realty Trust (NASDAQ:SUNS) last released its quarterly earnings results 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%. As a group, equities research analysts predict that Sunrise Realty Trust will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Leonard M. Tannenbaum bought 100,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman owned 585,681 shares in the company, valued at $5,505,401.40. The trade was a 20.59% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders acquired 225,000 shares of company stock valued at $2,137,194. 24.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Sunrise Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its stake 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 buying an additional 1,952 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Sunrise Realty Trust during the 1st quarter worth approximately $139,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sunrise Realty Trust by 90.1% in the first 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. Goldman Sachs Group Inc. raised its position in Sunrise Realty Trust by 53.5% during the first quarter. Goldman Sachs Group Inc. now owns 27,911 shares of the company’s stock valued at $309,000 after purchasing an additional 9,732 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Sunrise Realty Trust during the first quarter worth $1,450,000.

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.