Pacific Ridge Capital Partners LLC Has $3.87 Million Holdings in Sunrise Realty Trust, Inc. $SUNS

Pacific Ridge Capital Partners LLC grew its position in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) by 55.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 372,774 shares of the company’s stock after buying an additional 133,608 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Sunrise Realty Trust were worth $3,873,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Sunrise Realty Trust by 61.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company’s stock valued at $33,000 after purchasing an additional 1,149 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sunrise Realty Trust by 90.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock valued at $67,000 after buying an additional 2,880 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Sunrise Realty Trust by 60.4% during the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock valued at $73,000 after buying an additional 1,952 shares during the last quarter. GatePass Capital LLC bought a new stake in shares of Sunrise Realty Trust during the second quarter worth about $106,000. Finally, Corsair Capital Management L.P. bought a new stake in shares of Sunrise Realty Trust during the second quarter worth about $106,000.

Insider Buying and Selling

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum acquired 100,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price 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 in the company, valued at approximately $5,505,401.40. This trade represents a 20.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 24.80% of the company’s stock.

Sunrise Realty Trust Stock Performance

Shares of SUNS stock opened at $9.41 on Thursday. The company has a market capitalization of $126.28 million, a price-to-earnings ratio of 8.63, a PEG ratio of 0.65 and a beta of 0.92. Sunrise Realty Trust, Inc. has a 52-week low of $7.80 and a 52-week high of $12.30. The company has a 50-day simple moving average of $9.43 and a two-hundred day simple moving average of $9.96.

Sunrise Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Sunrise Realty Trust’s dividend payout ratio (DPR) is presently 110.09%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SUNS. Weiss Ratings reiterated a “sell (d)” rating on shares of Sunrise Realty Trust in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $9.50 target price (down from $10.75) on shares of Sunrise Realty Trust in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.

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.