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

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) declared a quarterly dividend on Tuesday, March 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.30 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Tuesday, March 31st.

Sunrise Realty Trust Price Performance

Shares of SUNS stock traded down $0.19 on Thursday, hitting $8.92. The company’s stock had a trading volume of 157,345 shares, compared to its average volume of 90,720. The stock has a market capitalization of $119.72 million, a price-to-earnings ratio of 8.18, a P/E/G ratio of 0.64 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 $11.78. The firm’s fifty day moving average price is $9.33 and its 200-day moving average price is $9.87.

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.