Sunrise Realty Trust (NASDAQ:SUNS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Sunrise Realty Trust (NASDAQ:SUNS) had its target price upped by Keefe, Bruyette & Woods from $7.75 to $8.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 1.84% from the stock’s previous close.

A number of other equities analysts also recently weighed in on SUNS. Wall Street Zen raised shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sunrise Realty Trust in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded Sunrise Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average target price of $8.00.

Sunrise Realty Trust Stock Performance

Shares of SUNS stock traded up $0.22 during trading on Monday, hitting $8.15. 4,626 shares of the company were exchanged, compared to its average volume of 100,772. The business’s 50-day simple moving average is $8.02 and its 200 day simple moving average is $9.02. Sunrise Realty Trust has a twelve month low of $7.34 and a twelve month high of $11.78. The firm has a market capitalization of $110.19 million, a price-to-earnings ratio of 8.18, a P/E/G ratio of 0.59 and a beta of 0.77.

Sunrise Realty Trust (NASDAQ:SUNS) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $10.27 million for the quarter, compared to analyst estimates of $6.18 million. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. On average, equities analysts forecast that Sunrise Realty Trust will post 1.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sunrise Realty Trust

A number of large investors have recently bought and sold shares of SUNS. Pacific Ridge Capital Partners LLC raised its holdings in Sunrise Realty Trust by 55.9% during the third quarter. Pacific Ridge Capital Partners LLC now owns 372,774 shares of the company’s stock valued at $3,873,000 after buying an additional 133,608 shares in the last quarter. Corsair Capital Management L.P. lifted its position in shares of Sunrise Realty Trust by 407.0% in the fourth quarter. Corsair Capital Management L.P. now owns 50,704 shares of the company’s stock worth $478,000 after buying an additional 40,704 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Sunrise Realty Trust by 12.5% during the 4th quarter. Royal Bank of Canada now owns 13,782 shares of the company’s stock worth $130,000 after acquiring an additional 1,535 shares in the last quarter. Barclays PLC boosted its stake in shares of Sunrise Realty Trust by 7.3% during the 4th quarter. Barclays PLC now owns 22,183 shares of the company’s stock worth $209,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Sunrise Realty Trust by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,394 shares of the company’s stock valued at $107,000 after acquiring an additional 3,602 shares during the last quarter.

Sunrise Realty Trust Company Profile

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.