Gratia Capital LLC Reduces Holdings in Sunrise Realty Trust, Inc. $SUNS

Gratia Capital LLC reduced its stake in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) by 22.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 339,355 shares of the company’s stock after selling 99,461 shares during the quarter. Sunrise Realty Trust comprises about 1.6% of Gratia Capital LLC’s portfolio, making the stock its 16th biggest position. Gratia Capital LLC’s holdings in Sunrise Realty Trust were worth $2,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Sunrise Realty Trust in the second quarter valued at $1,038,000. Vanguard Group Inc. grew its holdings in shares of Sunrise Realty Trust by 19.2% during the third quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock worth $6,115,000 after purchasing an additional 94,628 shares during the last quarter. GatePass Capital LLC acquired a new stake in shares of Sunrise Realty Trust during the first quarter worth about $588,000. Corsair Capital Management L.P. increased its position in shares of Sunrise Realty Trust by 407.0% during the fourth quarter. Corsair Capital Management L.P. now owns 50,704 shares of the company’s stock worth $478,000 after purchasing an additional 40,704 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Sunrise Realty Trust in the 2nd quarter valued at about $233,000.

Insider Activity at Sunrise Realty Trust

In other news, Chairman Leonard M. Tannenbaum bought 50,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $7.50 per share, with a total value of $375,000.00. Following the completion of the acquisition, the chairman directly owned 3,142,719 shares in the company, valued at approximately $23,570,392.50. The trade was a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 118,822 shares of company stock valued at $905,787. 28.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SUNS shares. Zacks Research raised Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their price target on Sunrise Realty Trust from $7.75 to $8.00 and gave the stock a “market perform” rating in a research report on Monday, May 18th. Wall Street Zen upgraded Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded Sunrise Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $8.00.

Sunrise Realty Trust Trading Down 1.1%

Sunrise Realty Trust stock opened at $7.40 on Thursday. Sunrise Realty Trust, Inc. has a twelve month low of $7.34 and a twelve month high of $11.78. The stock has a 50 day moving average of $7.82 and a two-hundred day moving average of $8.13. The stock has a market capitalization of $100.05 million, a price-to-earnings ratio of 7.63, a PEG ratio of 0.57 and a beta of 1.00.

Sunrise Realty Trust (NASDAQ:SUNS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Sunrise Realty Trust had a return on equity of 8.25% and a net margin of 53.33%.The company had revenue of $8.56 million for the quarter, compared to analysts’ expectations of $7.17 million. Equities analysts predict that Sunrise Realty Trust, Inc. will post 1.19 earnings per share for the current year.

Sunrise Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 16.2%. The ex-dividend date was Tuesday, June 30th. Sunrise Realty Trust’s dividend payout ratio (DPR) is 123.71%.

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.