Sunrise Realty Trust (NASDAQ:SUNS) Trading Up 0.1% – Time to Buy?

Sunrise Realty Trust, Inc. (NASDAQ:SUNS)’s share price traded up 0.1% during trading on Thursday . The stock traded as high as $14.83 and last traded at $14.60. 35,573 shares traded hands during trading, a decline of 58% from the average session volume of 84,061 shares. The stock had previously closed at $14.58.

Analyst Ratings Changes

Several research firms have commented on SUNS. StockNews.com upgraded Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Raymond James started coverage on shares of Sunrise Realty Trust in a research report on Thursday, October 3rd. They set an “outperform” rating and a $17.50 price target on the stock.

Sunrise Realty Trust Stock Performance

The business has a fifty day simple moving average of $14.21.

Sunrise Realty Trust Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.21 per share. The ex-dividend date was Monday, September 30th.

Insider Activity at Sunrise Realty Trust

In other news, Chairman Leonard M. Tannenbaum bought 65,000 shares of Sunrise Realty Trust stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $12.41 per share, with a total value of $806,650.00. Following the completion of the acquisition, the chairman now directly owns 302,966 shares of the company’s stock, valued at $3,759,808.06. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum bought 65,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $12.41 per share, with a total value of $806,650.00. Following the completion of the acquisition, the chairman now directly owns 302,966 shares of the company’s stock, valued at $3,759,808.06. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Robyn Tannenbaum bought 15,000 shares of Sunrise Realty Trust stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of $13.66 per share, with a total value of $204,900.00. Following the completion of the transaction, the president now directly owns 15,000 shares of the company’s stock, valued at approximately $204,900. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 157,471 shares of company stock valued at $2,041,658. 5.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sunrise Realty Trust stock. Nisa Investment Advisors LLC bought a new position in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,898 shares of the company’s stock, valued at approximately $28,000.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.