Sunrise Realty Trust (NASDAQ:SUNS) Stock Gets Price Target Trim from B. Riley Financial

Sunrise Realty Trust (NASDAQ:SUNS) had its target price lowered by B. Riley Financial from $13.50 to $13.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. New Street Research raised shares of Sunrise Realty Trust from a “sell” rating to a “neutral” rating in a research report on Wednesday, September 23rd. Weiss Ratings raised shares of Sunrise Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Keefe, Bruyette & Woods dropped their price objective on shares of Sunrise Realty Trust from $8.00 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, October 9th. Finally, Zacks Research raised shares of Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.75.

Sunrise Realty Trust Stock Up 3.4%

NASDAQ SUNS opened at $7.22 on Thursday. Sunrise Realty Trust has a twelve month low of $5.77 and a twelve month high of $10.45. The firm has a market capitalization of $97.61 million, a PE ratio of 8.20, a P/E/G ratio of 0.56 and a beta of 1.00. The stock’s 50 day moving average is $6.77 and its 200 day moving average is $7.90.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings data on Tuesday, November 10th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $7.97 million during the quarter, compared to the consensus estimate of $9.13 million. Sunrise Realty Trust had a return on equity of 7.78% and a net margin of 49.15%. On average, research analysts anticipate that Sunrise Realty Trust will post 1.13 earnings per share for the current year.

Sunrise Realty Trust Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a $0.09 dividend. Sunrise Realty Trust’s dividend payout ratio (DPR) is 146.59%.

Institutional Investors Weigh In On Sunrise Realty Trust

Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP bought a new stake in Sunrise Realty Trust in the 2nd quarter worth about $233,000. Hsbc Holdings PLC purchased a new position in Sunrise Realty Trust in the 2nd quarter worth about $133,000. BlackRock Inc. purchased a new position in Sunrise Realty Trust in the 2nd quarter worth about $1,038,000. Quantinno Capital Management LP raised its position in Sunrise Realty Trust by 22.9% in the 1st quarter. Quantinno Capital Management LP now owns 50,951 shares of the company’s stock worth $391,000 after buying an additional 9,510 shares during the last quarter. Finally, GatePass Capital LLC bought a new position in Sunrise Realty Trust during the 1st quarter valued at about $588,000.

About Sunrise Realty Trust

Sunrise Realty Trust, Inc. is a real estate investment trust focused on commercial real estate finance. The company originates, acquires and manages loans and other debt investments secured by commercial properties. Its financing is intended for real estate owners and developers, including borrowers seeking capital for property acquisitions, refinancing or business plans that may involve repositioning or improving a property. Sunrise Realty Trust focuses on commercial real estate opportunities in the United States.