Sunrise Realty Trust, Inc. Plans Dividend of $0.21 (NASDAQ:SUNS)

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a dividend on Monday, August 12th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.21 per share on Tuesday, October 15th. The ex-dividend date is Monday, September 30th.

Sunrise Realty Trust Stock Up 3.0 %

NASDAQ:SUNS traded up $0.43 during mid-day trading on Friday, reaching $14.70. 34,355 shares of the stock were exchanged, compared to its average volume of 100,919. Sunrise Realty Trust has a 1-year low of $8.11 and a 1-year high of $14.95. The business’s fifty day moving average price is $13.10.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st.

Insider Activity

In related news, Chairman Leonard M. Tannenbaum purchased 65,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $12.41 per share, for a total transaction of $806,650.00. Following the completion of the acquisition, the chairman now owns 302,966 shares in the company, valued at approximately $3,759,808.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Leonard M. Tannenbaum bought 25,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were bought at an average cost of $13.85 per share, with a total value of $346,250.00. Following the transaction, the chairman now directly owns 420,181 shares in the company, valued at approximately $5,819,506.85. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Leonard M. Tannenbaum purchased 65,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of $12.41 per share, with a total value of $806,650.00. Following the completion of the purchase, the chairman now directly owns 302,966 shares in the company, valued at $3,759,808.06. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 157,471 shares of company stock worth $2,041,658. 5.70% of the stock is owned by corporate insiders.

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.