Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Declares $0.30 Quarterly Dividend

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) declared a quarterly dividend on Monday, December 15th. Investors of record on Wednesday, December 31st will be given a dividend of 0.30 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Wednesday, December 31st.

Sunrise Realty Trust Price Performance

NASDAQ SUNS traded down $0.10 during trading on Monday, reaching $10.18. 50,827 shares of the company’s stock were exchanged, compared to its average volume of 97,428. The business has a 50 day moving average price of $9.74 and a 200-day moving average price of $10.41. The stock has a market capitalization of $136.62 million, a P/E ratio of 9.34, a PEG ratio of 0.81 and a beta of 0.90. Sunrise Realty Trust has a fifty-two week low of $7.80 and a fifty-two week high of $14.87.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its earnings results on Tuesday, April 22nd. The company reported $0.30 EPS for the quarter. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%.Sunrise Realty Trust has set its Q1 2025 guidance at 0.300-0.320 EPS. On average, analysts forecast that Sunrise Realty Trust will post 0.58 earnings per share for the current year.

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.