Sunrise Realty Trust, Inc. Declares Quarterly Dividend of $0.30 (NASDAQ:SUNS)

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a quarterly dividend on Tuesday, March 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.30 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Tuesday, March 31st.

Sunrise Realty Trust Stock Performance

Shares of NASDAQ:SUNS traded down $0.19 during midday trading on Thursday, hitting $8.92. 157,345 shares of the company’s stock traded hands, compared to its average volume of 90,720. The firm’s fifty day moving average price is $9.33 and its two-hundred day moving average price is $9.87. Sunrise Realty Trust has a twelve month low of $7.80 and a twelve month high of $11.78. The company has a market cap of $119.72 million, a PE ratio of 8.18, a P/E/G ratio of 0.64 and a beta of 0.90.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust is a real estate investment trust (REIT) that focuses on acquiring, owning and leasing convenience store and fuel retail properties under long-term net leases. The company targets sale-leaseback transactions and joint-venture investments with high-credit tenants in the convenience retail sector. Sunrise Realty Trust’s portfolio comprises single-tenant properties that benefit from predictable cash flows, structured lease agreements and tenant-driven site improvements, providing exposure to a segment of the retail real estate market that aligns closely with consumer essentials.

The company’s primary business activities include sourcing and underwriting new property investments, negotiating sale-leaseback and ground lease transactions, and managing asset performance throughout the lease term.