Zacks Research Upgrades Sunrise Realty Trust (NASDAQ:SUNS) to “Hold”

Sunrise Realty Trust (NASDAQ:SUNS) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. Weiss Ratings lowered shares of Sunrise Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Sunrise Realty Trust from $7.75 to $8.00 and gave the stock a “market perform” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.00.

Sunrise Realty Trust Stock Performance

Shares of NASDAQ:SUNS opened at $7.86 on Tuesday. The business has a fifty day moving average of $8.32 and a 200-day moving average of $8.48. Sunrise Realty Trust has a twelve month low of $7.34 and a twelve month high of $11.78. The firm has a market cap of $106.27 million, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.61 and a beta of 1.02.

Sunrise Realty Trust (NASDAQ:SUNS) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. The business had revenue of $10.27 million for the quarter, compared to the consensus estimate of $6.18 million. On average, analysts anticipate that Sunrise Realty Trust will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SUNS. Quantinno Capital Management LP boosted its stake in shares of Sunrise Realty Trust by 22.9% in the 1st quarter. Quantinno Capital Management LP now owns 50,951 shares of the company’s stock valued at $391,000 after purchasing an additional 9,510 shares during the last quarter. GatePass Capital LLC bought a new stake in shares of Sunrise Realty Trust during the first quarter worth approximately $588,000. Hsbc Holdings PLC acquired a new position in Sunrise Realty Trust in the first quarter valued at approximately $87,000. Osaic Holdings Inc. lifted its holdings in Sunrise Realty Trust by 7.1% in the fourth quarter. Osaic Holdings Inc. now owns 16,947 shares of the company’s stock valued at $160,000 after buying an additional 1,127 shares during the period. Finally, Corsair Capital Management L.P. boosted its stake in Sunrise Realty Trust by 407.0% in the fourth quarter. Corsair Capital Management L.P. now owns 50,704 shares of the company’s stock valued at $478,000 after acquiring an additional 40,704 shares during the last quarter.

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.