Charles Schwab Investment Management Inc. bought a new position in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,067 shares of the company’s stock, valued at approximately $231,000.
Several other hedge funds and other institutional investors have also modified their holdings of SUNS. Nisa Investment Advisors LLC bought a new stake in Sunrise Realty Trust in the third quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at $125,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Sunrise Realty Trust in the 3rd quarter worth about $372,000.
Sunrise Realty Trust Stock Performance
NASDAQ SUNS opened at $13.15 on Friday. The stock’s 50 day simple moving average is $14.55. Sunrise Realty Trust, Inc. has a one year low of $8.11 and a one year high of $15.74.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Separately, Raymond James started coverage on shares of Sunrise Realty Trust in a report on Thursday, October 3rd. They set an “outperform” rating and a $17.50 price target for the company.
View Our Latest Analysis on Sunrise Realty Trust
Sunrise Realty Trust Company Profile
Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.
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