76,700 Shares in Sunrise Realty Trust, Inc. $SUNS Purchased by GatePass Capital LLC

GatePass Capital LLC bought a new stake in Sunrise Realty Trust, Inc. (NASDAQ:SUNS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 76,700 shares of the company’s stock, valued at approximately $588,000. GatePass Capital LLC owned about 0.57% of Sunrise Realty Trust as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SUNS. Bank of America Corp DE boosted its position in shares of Sunrise Realty Trust by 60.4% in the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock valued at $73,000 after acquiring an additional 1,952 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sunrise Realty Trust by 90.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock worth $67,000 after acquiring an additional 2,880 shares during the period. Rhumbline Advisers raised its stake in Sunrise Realty Trust by 22.5% during the 1st quarter. Rhumbline Advisers now owns 9,780 shares of the company’s stock valued at $108,000 after purchasing an additional 1,794 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Sunrise Realty Trust by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,394 shares of the company’s stock valued at $107,000 after purchasing an additional 3,602 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in Sunrise Realty Trust in the 1st quarter valued at $87,000.

Sunrise Realty Trust Stock Down 2.8%

NASDAQ:SUNS opened at $8.30 on Friday. Sunrise Realty Trust, Inc. has a 12-month low of $7.34 and a 12-month high of $11.78. The firm has a market capitalization of $112.22 million, a PE ratio of 8.38, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02. The firm has a 50-day moving average price of $8.29 and a 200 day moving average price of $8.57.

Sunrise Realty Trust (NASDAQ:SUNS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. The firm had revenue of $10.27 million during the quarter, compared to analysts’ expectations of $6.18 million. On average, research analysts expect that Sunrise Realty Trust, Inc. will post 1.2 EPS for the current year.

Sunrise Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 14.5%. The ex-dividend date was Tuesday, June 30th. Sunrise Realty Trust’s dividend payout ratio (DPR) is 121.21%.

Analyst Ratings Changes

Several research firms have recently issued reports on SUNS. Keefe, Bruyette & Woods boosted their price objective on shares of Sunrise Realty Trust from $7.75 to $8.00 and gave the stock a “market perform” rating in a report on Monday, May 18th. Weiss Ratings cut shares of Sunrise Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Wall Street Zen raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research cut Sunrise Realty Trust from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Sell” and an average target price of $8.00.

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.