Sunrise Realty Trust, Inc. (SUNS) to Distribute Quarterly Dividend of $0.30 on October 15th

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.30 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 16.1%. The ex-dividend date is Wednesday, September 30th.

Sunrise Realty Trust Trading Up 0.3%

SUNS stock opened at $7.47 on Thursday. The stock’s 50 day simple moving average is $7.75 and its 200 day simple moving average is $8.06. Sunrise Realty Trust has a 12-month low of $7.19 and a 12-month high of $11.78. The firm has a market cap of $100.99 million, a P/E ratio of 7.70, a P/E/G ratio of 0.57 and a beta of 1.00.

Sunrise Realty Trust (NASDAQ:SUNS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Sunrise Realty Trust had a return on equity of 8.25% and a net margin of 53.33%.The business had revenue of $8.56 million during the quarter, compared to analyst estimates of $7.17 million. On average, research analysts forecast that Sunrise Realty Trust will post 1.19 EPS for the current fiscal year.

About Sunrise Realty Trust

Sunrise Realty Trust, Inc is a real estate investment trust focused on commercial real estate debt investments. The company primarily originates, acquires and manages mortgage loans secured by commercial properties, seeking to generate income from interest payments and related investment activities.

Its portfolio is centered on senior-secured commercial real estate loans, including financing for properties such as multifamily, industrial, office, retail and other income-producing real estate.