Sunrise Realty Trust (SUNS) Set to Announce Earnings on Thursday

Sunrise Realty Trust (NASDAQ:SUNS) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

Sunrise Realty Trust Stock Performance

Shares of NASDAQ SUNS opened at $14.89 on Wednesday. The stock has a 50 day moving average price of $14.37. Sunrise Realty Trust has a 52-week low of $8.11 and a 52-week high of $15.50.

Sunrise Realty Trust Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 30th.

Insider Activity at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum purchased 25,000 shares of Sunrise Realty Trust stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of $13.85 per share, for a total transaction of $346,250.00. Following the completion of the acquisition, the chairman now owns 420,181 shares of the company’s stock, valued at $5,819,506.85. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Chairman Leonard M. Tannenbaum acquired 25,000 shares of Sunrise Realty Trust stock in a transaction on Friday, August 30th. The stock was purchased at an average price of $13.85 per share, with a total value of $346,250.00. Following the completion of the purchase, the chairman now owns 420,181 shares of the company’s stock, valued at approximately $5,819,506.85. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Robyn Tannenbaum acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average price of $13.66 per share, with a total value of $204,900.00. Following the acquisition, the president now owns 15,000 shares of the company’s stock, valued at approximately $204,900. The disclosure for this purchase can be found here. Insiders have purchased 157,471 shares of company stock worth $2,041,658 in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on SUNS. Raymond James initiated coverage on Sunrise Realty Trust in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $17.50 price objective for the company. StockNews.com upgraded Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st.

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.