Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Free Report) - Equities researchers at B. Riley issued their FY2024 earnings per share estimates for shares of Sunrise Realty Trust in a research report issued on Wednesday, February 12th. B. Riley analyst R. Binner forecasts that the company will post earnings of $0.53 per share for the year. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Sunrise Realty Trust's current full-year earnings is $0.64 per share. B. Riley also issued estimates for Sunrise Realty Trust's Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.35 EPS, FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.65 EPS.
Several other research analysts also recently weighed in on SUNS. Raymond James restated an "outperform" rating and issued a $15.00 price target (down from $17.50) on shares of Sunrise Realty Trust in a research note on Monday, February 3rd. Keefe, Bruyette & Woods initiated coverage on Sunrise Realty Trust in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $12.75 price target for the company.
Read Our Latest Stock Analysis on SUNS
Shares of NASDAQ:SUNS opened at $11.49 on Monday. Sunrise Realty Trust has a 12-month low of $8.11 and a 12-month high of $15.74. The stock has a 50 day moving average of $13.06 and a 200 day moving average of $13.68.
In related news, Chairman Leonard M. Tannenbaum purchased 39,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $13.42 per share, for a total transaction of $523,380.00. Following the acquisition, the chairman now owns 1,373,376 shares of the company's stock, valued at approximately $18,430,705.92. This represents a 2.92 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 1,087,429 shares of company stock valued at $13,171,696 in the last ninety days. Corporate insiders own 5.70% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC purchased a new stake in Sunrise Realty Trust during the 3rd quarter valued at $28,000. Tower Research Capital LLC TRC increased its stake in Sunrise Realty Trust by 353.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the company's stock worth $41,000 after purchasing an additional 2,279 shares during the period. Barclays PLC purchased a new stake in Sunrise Realty Trust in the third quarter worth $106,000. Catalyst Capital Advisors LLC purchased a new stake in Sunrise Realty Trust in the third quarter worth $125,000. Finally, Spire Wealth Management purchased a new stake in Sunrise Realty Trust in the fourth quarter worth $137,000.
Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.
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