MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $45,000 Stake in Sunrise Realty Trust, Inc. (NASDAQ:SUNS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Free Report) by 91.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,197 shares of the company's stock after selling 34,539 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Sunrise Realty Trust were worth $45,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SUNS. Castalian Partners LLC acquired a new position in Sunrise Realty Trust in the 4th quarter valued at $2,709,000. Renaissance Technologies LLC bought a new position in shares of Sunrise Realty Trust during the 4th quarter worth about $594,000. Marshall Wace LLP bought a new position in shares of Sunrise Realty Trust during the 4th quarter worth about $475,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Sunrise Realty Trust during the 4th quarter worth about $158,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sunrise Realty Trust by 97.6% during the 4th quarter. JPMorgan Chase & Co. now owns 21,280 shares of the company's stock worth $300,000 after acquiring an additional 10,511 shares during the period.

Insider Transactions at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 50,000 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $11.03 per share, for a total transaction of $551,500.00. Following the transaction, the chairman now directly owns 2,543,289 shares in the company, valued at $28,052,477.67. This represents a 2.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired a total of 311,927 shares of company stock worth $3,420,040 in the last quarter. 24.80% of the stock is owned by company insiders.

Sunrise Realty Trust Stock Performance

SUNS traded down $0.48 during midday trading on Wednesday, hitting $10.47. The company had a trading volume of 115,043 shares, compared to its average volume of 102,195. Sunrise Realty Trust, Inc. has a twelve month low of $7.80 and a twelve month high of $15.74. The firm's 50-day simple moving average is $10.09 and its 200-day simple moving average is $11.90. The company has a market capitalization of $140.52 million and a PE ratio of 10.37.

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $3.45 million for the quarter, compared to analyst estimates of $3.25 million. As a group, sell-side analysts anticipate that Sunrise Realty Trust, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. B. Riley assumed coverage on shares of Sunrise Realty Trust in a report on Thursday, February 13th. They set a "buy" rating and a $15.00 price objective for the company. Raymond James reduced their price objective on shares of Sunrise Realty Trust from $15.00 to $14.50 and set an "outperform" rating for the company in a report on Monday, March 10th. Oppenheimer assumed coverage on shares of Sunrise Realty Trust in a report on Thursday, April 17th. They set an "outperform" rating and a $12.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Sunrise Realty Trust from $12.25 to $10.75 and set an "outperform" rating for the company in a report on Monday, April 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $13.06.

Sunrise Realty Trust 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.