Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Stock Has Average Target Price of $9.75

Key Points

• Analysts have a “Hold” consensus on Sunrise Realty Trust, with one sell, three hold, and one buy rating; the average 12-month price target is $9.75.
• The shares fell 3.1% to $6.96. The company reported quarterly EPS of $0.24 and revenue of $7.97 million, both below analyst expectations.
• Sunrise Realty Trust paid a special dividend of $0.09 per share, though its reported dividend payout ratio was 146.59%.

Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Get Free Report) have received an average recommendation of "Hold" from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.75.

SUNS has been the topic of several analyst reports. Weiss Ratings upgraded Sunrise Realty Trust from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, October 2nd. B. Riley Financial reduced their target price on Sunrise Realty Trust from $13.50 to $13.00 and set a "buy" rating for the company in a research note on Thursday. Keefe, Bruyette & Woods decreased their price target on shares of Sunrise Realty Trust from $8.00 to $6.50 and set a "market perform" rating for the company in a research report on Friday, October 9th. Zacks Research raised shares of Sunrise Realty Trust from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Finally, 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.

Institutional Trading of Sunrise Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP lifted its holdings in Sunrise Realty Trust by 22.9% during 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. Hsbc Holdings PLC bought a new stake in shares of Sunrise Realty Trust in the 2nd quarter valued at approximately $133,000. Susquehanna International Group LLP acquired a new stake in shares of Sunrise Realty Trust during the 2nd quarter valued at approximately $233,000. GatePass Capital LLC acquired a new stake in shares of Sunrise Realty Trust during the 1st quarter valued at approximately $588,000. Finally, BlackRock Inc. acquired a new stake in shares of Sunrise Realty Trust during the 2nd quarter valued at approximately $1,038,000.

Sunrise Realty Trust Stock Down 3.1%

Shares of Sunrise Realty Trust stock traded down $0.23 during trading hours on Thursday, hitting $6.96. 80,147 shares of the company's stock traded hands, compared to its average volume of 94,545. Sunrise Realty Trust has a twelve month low of $5.77 and a twelve month high of $10.45. The company has a market cap of $94.14 million, a PE ratio of 7.91, a PEG ratio of 0.56 and a beta of 1.00. The stock has a 50 day simple moving average of $6.78 and a 200-day simple moving average of $7.92.

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Sunrise Realty Trust had a return on equity of 7.77% and a net margin of 49.15%. The business had revenue of $7.97 million during the quarter, compared to analyst estimates of $9.13 million. As a group, equities research analysts predict that Sunrise Realty Trust will post 1.13 EPS for the current year.

Sunrise Realty Trust Dividend Announcement

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

About Sunrise Realty Trust

Sunrise Realty Trust, Inc. is a real estate investment trust focused on commercial real estate finance. The company invests in and originates commercial real estate debt, seeking to generate income from loans and other investments secured by properties in the United States. Its investment activities are centered primarily on mortgage loans and other credit investments backed by commercial real estate. These investments may support the acquisition, refinancing, development, redevelopment or repositioning of properties, with the portfolio generally targeting opportunities in the middle-market commercial real estate sector.

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