Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Shareholders to Receive $0.09 Special Dividend

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) declared a special dividend on Friday, October 23rd. Shareholders of record on Monday, November 2nd will be given a dividend of $0.09 per share on Thursday, November 5th. The ex-dividend date of this dividend is Monday, November 2nd.

Sunrise Realty Trust Price Performance

SUNS stock opened at $6.61 on Friday. The stock has a market capitalization of $89.34 million, a P/E ratio of 6.81, a P/E/G ratio of 0.53 and a beta of 1.04. Sunrise Realty Trust has a fifty-two week low of $5.77 and a fifty-two week high of $10.45. The business has a 50-day moving average of $6.89 and a 200-day moving average of $8.01.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $8.56 million during the quarter, compared to analyst estimates of $7.17 million. Sunrise Realty Trust had a net margin of 53.33% and a return on equity of 8.25%. Equities analysts expect that Sunrise Realty Trust will post 1.13 EPS for the current year.

About Sunrise Realty Trust

Sunrise Realty Trust, Inc is a real estate investment trust focused on commercial real estate finance. The company invests in and originates commercial real estate debt, seeking to generate income from loans and other investments secured by properties in the United States.

Its investment activities are centered primarily on mortgage loans and other credit investments backed by commercial real estate. These investments may support the acquisition, refinancing, development, redevelopment or repositioning of properties, with the portfolio generally targeting opportunities in the middle-market commercial real estate sector.

Sunrise Realty Trust is externally managed and focuses on building a diversified portfolio of commercial real estate investments.