Keefe, Bruyette & Woods Lowers Sunrise Realty Trust (NASDAQ:SUNS) Price Target to $11.25

Key Points

• Keefe, Bruyette & Woods lowered the price target for Sunrise Realty Trust (NASDAQ:SUNS) from $11.50 to $11.25, indicating a potential upside of 5.83% from the current stock price.
• Oppenheimer issued an "outperform" rating with a price target of $12.00, while the consensus rating for the stock remains a "Buy" with an average target of $13.19.
• Chairman Leonard M. Tannenbaum increased his stake in the company by purchasing 6,000 shares, bringing his total holding to approximately 2.8 million shares valued at around $30.68 million.

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) had its price objective decreased by equities research analysts at Keefe, Bruyette & Woods from $11.50 to $11.25 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target points to a potential upside of 5.83% from the stock's current price.

Separately, Oppenheimer started coverage on Sunrise Realty Trust in a research note on Thursday, April 17th. They issued an "outperform" rating and a $12.00 price target on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sunrise Realty Trust presently has a consensus rating of "Buy" and an average price target of $13.19.

Sunrise Realty Trust Trading Up 2.5%

NASDAQ SUNS opened at $10.63 on Wednesday. Sunrise Realty Trust has a 1-year low of $7.80 and a 1-year high of $15.74. The stock has a 50-day moving average of $10.68 and a 200-day moving average of $10.76. The firm has a market cap of $142.65 million and a PE ratio of 10.22.

Insider Transactions at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 6,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was acquired at an average price of $10.86 per share, for a total transaction of $65,160.00. Following the purchase, the chairman owned 2,825,034 shares of the company's stock, valued at approximately $30,679,869.24. This represents a 0.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in Sunrise Realty Trust in the first quarter worth about $25,000. Nisa Investment Advisors LLC lifted its stake in Sunrise Realty Trust by 61.6% in the second quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company's stock worth $33,000 after purchasing an additional 1,149 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 last quarter. Corebridge Financial Inc. lifted its stake in Sunrise Realty Trust by 82.4% in the first quarter. Corebridge Financial Inc. now owns 5,117 shares of the company's stock worth $57,000 after purchasing an additional 2,312 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sunrise Realty Trust by 90.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company's stock worth $67,000 after purchasing an additional 2,880 shares during the last quarter.

About Sunrise Realty Trust

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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