Sunrise Realty Trust (SUNS) Expected to Announce Quarterly Earnings on Thursday

Sunrise Realty Trust (NASDAQ:SUNS) is expected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Sunrise Realty Trust Stock Performance

Shares of SUNS opened at $12.08 on Tuesday. Sunrise Realty Trust has a one year low of $8.11 and a one year high of $15.74. The company has a 50-day simple moving average of $12.72 and a two-hundred day simple moving average of $13.70.

Analyst Upgrades and Downgrades

Several analysts have commented on SUNS shares. Keefe, Bruyette & Woods started coverage on shares of Sunrise Realty Trust in a report on Tuesday, February 11th. They issued an “outperform” rating and a $12.75 price objective for the company. Raymond James restated an “outperform” rating and issued a $15.00 price objective (down from $17.50) on shares of Sunrise Realty Trust in a report on Monday, February 3rd. Finally, B. Riley assumed coverage on shares of Sunrise Realty Trust in a report on Thursday, February 13th. They issued a “buy” rating and a $15.00 price objective for the company.

Insider Buying and Selling at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum bought 1,000,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $12.00 per share, with a total value of $12,000,000.00. Following the completion of the purchase, the chairman now owns 2,434,213 shares of the company’s stock, valued at approximately $29,210,556. This trade represents a 69.72 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 1,087,429 shares of company stock valued at $13,171,696. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Sunrise Realty Trust

An institutional investor recently raised its position in Sunrise Realty Trust stock. Bank of America Corp DE lifted its position in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) by 60.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,183 shares of the company’s stock after acquiring an additional 1,952 shares during the period. Bank of America Corp DE owned approximately 0.07% of Sunrise Realty Trust worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Sunrise Realty Trust Company Profile

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.