Sunrise Realty Trust (SUNS) Projected to Post Earnings on Wednesday

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $4.05 million for the quarter.

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.30. The firm had revenue of $3.45 million during the quarter, compared to the consensus estimate of $3.25 million. On average, analysts expect Sunrise Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sunrise Realty Trust Stock Performance

Shares of NASDAQ:SUNS traded down $0.17 on Monday, hitting $10.64. The company's stock had a trading volume of 87,364 shares, compared to its average volume of 105,237. Sunrise Realty Trust has a 1 year low of $7.80 and a 1 year high of $15.74. The company has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $12.49.

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 issued a $0.30 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 11.28%.

Analysts Set New Price Targets

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

Insider Activity at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 80,514 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $11.26 per share, for a total transaction of $906,587.64. Following the purchase, the chairman now owns 2,623,803 shares of the company's stock, valued at $29,544,021.78. This trade represents a 3.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 291,927 shares of company stock worth $3,211,340 over the last three months. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Sunrise Realty Trust

An institutional investor recently raised its position in Sunrise Realty Trust stock. Bank of America Corp DE grew its holdings in Sunrise Realty Trust, Inc. (NASDAQ:SUNS - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,183 shares of the company's stock after buying an additional 1,952 shares during the quarter. Bank of America Corp DE owned approximately 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.