Sunrise Realty Trust, Inc. (SUNS) To Go Ex-Dividend on November 2nd

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a special dividend on Friday, October 23rd. Investors of record on Monday, November 2nd will be paid a dividend of $0.09 per share on Thursday, November 5th. The ex-dividend date is Monday, November 2nd.

Sunrise Realty Trust Stock Up 0.3%

Sunrise Realty Trust stock opened at $6.61 on Friday. The firm’s 50-day simple moving average is $6.89 and its 200 day simple moving average is $8.01. The firm has a market capitalization of $89.34 million, a PE ratio of 6.81, a P/E/G ratio of 0.53 and a beta of 1.04. Sunrise Realty Trust has a 52 week low of $5.77 and a 52 week high of $10.45.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Sunrise Realty Trust had a return on equity of 8.25% and a net margin of 53.33%. The company had revenue of $8.56 million for the quarter, compared to analysts’ expectations of $7.17 million. On average, research analysts expect that Sunrise Realty Trust will post 1.13 EPS for the current fiscal year.

Insider Buying and Selling at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard Tannenbaum bought 50,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $7.50 per share, with a total value of $375,000.00. Following the completion of the acquisition, the chairman owned 3,142,719 shares of the company’s stock, valued at $23,570,392.50. This trade represents a 1.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased a total of 118,822 shares of company stock worth $905,787 in the last 90 days. 28.50% of the stock is currently owned by company insiders.

Institutional Trading of Sunrise Realty Trust

Large investors have recently modified their holdings of the stock. Susquehanna International Group LLP bought a new position in shares of Sunrise Realty Trust during the 2nd quarter worth approximately $233,000. Hsbc Holdings PLC purchased a new stake in Sunrise Realty Trust in the 2nd quarter worth approximately $133,000. BlackRock Inc. bought a new position in Sunrise Realty Trust in the second quarter worth $1,038,000. Quantinno Capital Management LP increased its holdings in shares of Sunrise Realty Trust by 22.9% during the first quarter. Quantinno Capital Management LP now owns 50,951 shares of the company’s stock valued at $391,000 after acquiring an additional 9,510 shares in the last quarter. Finally, GatePass Capital LLC bought a new position in Sunrise Realty Trust during the 1st quarter valued at about $588,000.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust, Inc is a real estate investment trust focused on commercial real estate finance. The company invests in and originates commercial real estate debt, seeking to generate income from loans and other investments secured by properties in the United States.

Its investment activities are centered primarily on mortgage loans and other credit investments backed by commercial real estate. These investments may support the acquisition, refinancing, development, redevelopment or repositioning of properties, with the portfolio generally targeting opportunities in the middle-market commercial real estate sector.

Sunrise Realty Trust is externally managed and focuses on building a diversified portfolio of commercial real estate investments.