Barclays PLC Acquires Shares of 7,392 Sunrise Realty Trust, Inc. (NASDAQ:SUNS)

Barclays PLC bought a new position in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 7,392 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Sunrise Realty Trust in the third quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Sunrise Realty Trust in the third quarter worth about $125,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at approximately $231,000. Los Angeles Capital Management LLC bought a new stake in shares of Sunrise Realty Trust during the 3rd quarter valued at approximately $372,000. Finally, State Street Corp bought a new position in Sunrise Realty Trust in the 3rd quarter valued at approximately $1,788,000.

Wall Street Analyst Weigh In

Separately, Raymond James began coverage on shares of Sunrise Realty Trust in a research note on Thursday, October 3rd. They set an “outperform” rating and a $17.50 target price on the stock.

Insider Activity at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum bought 39,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of $13.42 per share, with a total value of $523,380.00. Following the acquisition, the chairman now owns 1,373,376 shares of the company’s stock, valued at $18,430,705.92. This represents a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 87,429 shares of company stock worth $1,171,696 in the last quarter. 5.70% of the stock is owned by insiders.

Sunrise Realty Trust Trading Down 4.9 %

Shares of SUNS stock opened at $13.28 on Thursday. The company’s 50-day moving average price is $14.37. Sunrise Realty Trust, Inc. has a 12 month low of $8.11 and a 12 month high of $15.74.

About Sunrise Realty Trust

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.