Sunrise Realty Trust (NASDAQ:SUNS) Rating Lowered to Hold at Keefe, Bruyette & Woods

Sunrise Realty Trust (NASDAQ:SUNS) was downgraded by stock analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Sunrise Realty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sunrise Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $12.75.

Sunrise Realty Trust Trading Down 1.4%

Shares of NASDAQ SUNS opened at $9.36 on Wednesday. The company has a fifty day moving average price of $9.76 and a 200 day moving average price of $10.28. The firm has a market cap of $125.61 million, a PE ratio of 8.59, a PEG ratio of 0.66 and a beta of 0.92. Sunrise Realty Trust has a 1-year low of $7.80 and a 1-year high of $14.32.

Sunrise Realty Trust (NASDAQ:SUNS) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%. Equities research analysts forecast that Sunrise Realty Trust will post 0.58 EPS for the current year.

Insider Transactions at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum purchased 100,000 shares of Sunrise Realty Trust stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $9.40 per share, with a total value of $940,000.00. Following the completion of the transaction, the chairman owned 585,681 shares of the company’s stock, valued at approximately $5,505,401.40. This trade represents a 20.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 225,000 shares of company stock worth $2,137,194 in the last 90 days. Corporate insiders own 24.80% of the company’s stock.

Institutional Investors Weigh In On Sunrise Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Sunrise Realty Trust by 61.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company’s stock valued at $33,000 after buying an additional 1,149 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sunrise Realty Trust by 90.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock worth $67,000 after acquiring an additional 2,880 shares in the last quarter. Bank of America Corp DE lifted its stake in Sunrise Realty Trust by 60.4% in the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock valued at $73,000 after acquiring an additional 1,952 shares during the last quarter. GatePass Capital LLC bought a new position in shares of Sunrise Realty Trust in the 2nd quarter valued at about $106,000. Finally, Corsair Capital Management L.P. acquired a new position in shares of Sunrise Realty Trust during the 2nd quarter worth about $106,000.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust is a real estate investment trust (REIT) that focuses on acquiring, owning and leasing convenience store and fuel retail properties under long-term net leases. The company targets sale-leaseback transactions and joint-venture investments with high-credit tenants in the convenience retail sector. Sunrise Realty Trust’s portfolio comprises single-tenant properties that benefit from predictable cash flows, structured lease agreements and tenant-driven site improvements, providing exposure to a segment of the retail real estate market that aligns closely with consumer essentials.

The company’s primary business activities include sourcing and underwriting new property investments, negotiating sale-leaseback and ground lease transactions, and managing asset performance throughout the lease term.