Sunrise Realty Trust (NASDAQ:SUNS) Issues Q1 2025 Earnings Guidance

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) updated its first quarter 2025 earnings guidance on Tuesday. The company provided EPS guidance of 0.300-0.320 for the period, compared to the consensus EPS estimate of 0.270. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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 research note on Monday, April 7th. Oppenheimer began coverage on shares of Sunrise Realty Trust in a report on Thursday, April 17th. They set an "outperform" rating and a $12.00 price target for the company. B. Riley initiated coverage on Sunrise Realty Trust in a research note on Thursday, February 13th. They issued a "buy" rating and a $15.00 price objective on the stock. Finally, Raymond James decreased their target price on Sunrise Realty Trust from $15.00 to $14.50 and set an "outperform" rating for the company in a research note on Monday, March 10th. One investment 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, Sunrise Realty Trust currently has an average rating of "Buy" and an average target price of $13.06.

Sunrise Realty Trust Price Performance

Shares of NASDAQ:SUNS traded up $0.08 during midday trading on Friday, reaching $10.22. 70,694 shares of the company's stock were exchanged, compared to its average volume of 105,780. The company's 50 day simple moving average is $10.57 and its two-hundred day simple moving average is $12.66. Sunrise Realty Trust has a 12 month low of $7.80 and a 12 month high of $15.74.

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

Sunrise Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 11.74%. The ex-dividend date was Monday, March 31st.

Insiders Place Their Bets

In other news, Chairman Leonard M. Tannenbaum bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $11.06 per share, for a total transaction of $276,500.00. Following the transaction, the chairman now directly owns 2,469,282 shares of the company's stock, valued at $27,310,258.92. This trade represents a 1.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 1,243,033 shares of company stock worth $14,701,913 over the last three months. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Sunrise Realty Trust

A hedge fund recently raised its stake in Sunrise Realty Trust stock. Bank of America Corp DE increased its holdings in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Free Report) by 60.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.07% of Sunrise Realty Trust worth $73,000 at the end of the most recent 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.