Sunrise Realty Trust, Inc. (SUNS) – What Are Analysts Thinking About This Stock?

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $9.75.

SUNS has been the topic of several research reports. Zacks Research upgraded shares of Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods decreased their target price on Sunrise Realty Trust from $8.00 to $6.50 and set a “market perform” rating for the company in a research note on Friday, October 9th. New Street Research raised Sunrise Realty Trust from a “sell” rating to a “neutral” rating in a report on Wednesday, September 23rd. B. Riley Financial dropped their price target on Sunrise Realty Trust from $13.50 to $13.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings raised Sunrise Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, October 2nd.

Sunrise Realty Trust Stock Down 3.1%

Shares of NASDAQ:SUNS traded down $0.23 on Thursday, reaching $6.96. 80,147 shares of the company’s stock were exchanged, compared to its average volume of 94,545. The business’s 50-day moving average is $6.78 and its two-hundred day moving average is $7.92. Sunrise Realty Trust has a fifty-two week low of $5.77 and a fifty-two week high of $10.45. The firm has a market capitalization of $94.14 million, a price-to-earnings ratio of 7.91, a PEG ratio of 0.56 and a beta of 1.00.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings results on Tuesday, November 10th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Sunrise Realty Trust had a net margin of 49.15% and a return on equity of 7.77%. The business had revenue of $7.97 million during the quarter, compared to analyst estimates of $9.13 million. Analysts predict that Sunrise Realty Trust will post 1.13 earnings per share for the current fiscal year.

Sunrise Realty Trust Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.09 per share. Sunrise Realty Trust’s payout ratio is currently 146.59%.

Institutional Investors Weigh In On Sunrise Realty Trust

A number of hedge funds have recently added to or reduced their stakes in SUNS. BlackRock Inc. bought a new stake in Sunrise Realty Trust in the second quarter valued at $1,038,000. GatePass Capital LLC bought a new position in shares of Sunrise Realty Trust during the first quarter worth about $588,000. Susquehanna International Group LLP bought a new position in shares of Sunrise Realty Trust during the second quarter worth about $233,000. Hsbc Holdings PLC acquired a new stake in shares of Sunrise Realty Trust in the 1st quarter worth about $87,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Sunrise Realty Trust by 22.9% in the 1st quarter. Quantinno Capital Management LP now owns 50,951 shares of the company’s stock worth $391,000 after acquiring an additional 9,510 shares during the period.

Sunrise Realty Trust Company Profile

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.