Sunrise Realty Trust, Inc. (SUNS) To Go Ex-Dividend on March 31st

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) declared a quarterly dividend on Tuesday, March 10th. Investors of record on Tuesday, March 31st will be given a dividend of 0.30 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Tuesday, March 31st.

Sunrise Realty Trust Stock Performance

Sunrise Realty Trust stock opened at $7.99 on Friday. The company has a market capitalization of $108.02 million, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.60 and a beta of 0.90. Sunrise Realty Trust has a fifty-two week low of $7.80 and a fifty-two week high of $11.78. The firm has a 50 day moving average price of $9.09 and a 200 day moving average price of $9.65.

Sunrise Realty Trust (NASDAQ:SUNS) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04). Sunrise Realty Trust had a return on equity of 7.70% and a net margin of 56.29%.The firm had revenue of $7.17 million for the quarter, compared to analysts’ expectations of $7.13 million. As a group, equities research analysts forecast that Sunrise Realty Trust will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on SUNS. Keefe, Bruyette & Woods dropped their target price on Sunrise Realty Trust from $9.50 to $8.75 and set a “market perform” rating for the company in a research report on Wednesday, March 18th. Zacks Research lowered shares of Sunrise Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 24th. Wall Street Zen cut shares of Sunrise Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sunrise Realty Trust in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $10.38.

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.