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

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.30 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Tuesday, June 30th.

Sunrise Realty Trust Stock Performance

Sunrise Realty Trust stock opened at $8.55 on Tuesday. Sunrise Realty Trust has a one year low of $7.34 and a one year high of $11.78. The business has a fifty day moving average of $8.00 and a two-hundred day moving average of $8.86. The company has a market cap of $115.60 million, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.64 and a beta of 0.98.

Sunrise Realty Trust (NASDAQ:SUNS) last released its earnings results on Thursday, May 14th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. Sunrise Realty Trust had a return on equity of 8.33% and a net margin of 54.82%.The company had revenue of $10.27 million during the quarter, compared to the consensus estimate of $6.18 million. Sell-side analysts predict that Sunrise Realty Trust will post 1.22 EPS for the current year.

Institutional Trading of Sunrise Realty Trust

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Sunrise Realty Trust by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 588,554 shares of the company’s stock worth $6,115,000 after purchasing an additional 94,628 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in Sunrise Realty Trust by 55.9% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 372,774 shares of the company’s stock worth $3,873,000 after acquiring an additional 133,608 shares during the period. Geode Capital Management LLC boosted its holdings in Sunrise Realty Trust by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 252,711 shares of the company’s stock worth $2,383,000 after acquiring an additional 19,565 shares during the period. Stifel Financial Corp boosted its holdings in Sunrise Realty Trust by 8.0% in the 4th quarter. Stifel Financial Corp now owns 77,700 shares of the company’s stock worth $733,000 after acquiring an additional 5,760 shares during the period. Finally, GatePass Capital LLC purchased a new position in Sunrise Realty Trust in the 1st quarter worth approximately $588,000.

About Sunrise Realty Trust

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.