Sunrise Realty Trust (NASDAQ:SUNS) Cut to Market Perform at Keefe, Bruyette & Woods

Sunrise Realty Trust (NASDAQ:SUNS) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, MarketBeat.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Sunrise Realty Trust in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sunrise Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $13.13.

Sunrise Realty Trust Stock Down 2.2%

Shares of Sunrise Realty Trust stock opened at $9.40 on Thursday. Sunrise Realty Trust has a 12-month low of $7.80 and a 12-month high of $14.32. The firm’s 50-day moving average price is $9.77 and its two-hundred day moving average price is $10.28. The company has a market capitalization of $126.13 million, a price-to-earnings ratio of 8.62, a PEG ratio of 0.67 and a beta of 0.92.

Sunrise Realty Trust (NASDAQ:SUNS) last announced its earnings results on Tuesday, April 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Sunrise Realty Trust had a return on equity of 7.76% and a net margin of 62.48%. On average, sell-side analysts expect that Sunrise Realty Trust will post 0.58 earnings per share for the current year.

Insider Transactions at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum acquired 100,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $9.40 per share, with a total value of $940,000.00. Following the completion of the transaction, the chairman owned 585,681 shares in the company, valued at approximately $5,505,401.40. The trade was a 20.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 225,000 shares of company stock worth $2,137,194 in the last three months. Company insiders own 24.80% of the company’s stock.

Institutional Investors Weigh In On Sunrise Realty Trust

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in Sunrise Realty Trust by 61.6% during the second quarter. Nisa Investment Advisors LLC now owns 3,014 shares of the company’s stock valued at $33,000 after purchasing an additional 1,149 shares during the period. Rhumbline Advisers lifted its position in shares of Sunrise Realty Trust by 22.5% during the 1st quarter. Rhumbline Advisers now owns 9,780 shares of the company’s stock valued at $108,000 after buying an additional 1,794 shares during the last quarter. Bank of America Corp DE increased its holdings in Sunrise Realty Trust by 60.4% in the 4th quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock worth $73,000 after acquiring an additional 1,952 shares during the last quarter. Alliancebernstein L.P. raised its stake in Sunrise Realty Trust by 16.3% in the 3rd quarter. Alliancebernstein L.P. now owns 15,672 shares of the company’s stock valued at $163,000 after acquiring an additional 2,200 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sunrise Realty Trust by 90.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock valued at $67,000 after acquiring an additional 2,880 shares during the period.

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.