Sunrise Realty Trust (NASDAQ:SUNS) Earns Buy Rating from Analysts at B. Riley

Equities researchers at B. Riley started coverage on shares of Sunrise Realty Trust (NASDAQ:SUNS) in a report issued on Thursday, MarketBeat reports. The firm set a “buy” rating and a $15.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 30.78% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods began coverage on shares of Sunrise Realty Trust in a research report on Tuesday. They set an “outperform” rating and a $12.75 price objective on the stock. Raymond James reissued an “outperform” rating and set a $15.00 price target (down from $17.50) on shares of Sunrise Realty Trust in a report on Monday, February 3rd.

Sunrise Realty Trust Trading Down 0.9 %

Shares of SUNS opened at $11.47 on Thursday. The business’s fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $13.66. Sunrise Realty Trust has a 12 month low of $8.11 and a 12 month high of $15.74.

Insider Buying and Selling

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum bought 39,000 shares of Sunrise Realty Trust stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $13.42 per share, with a total value of $523,380.00. Following the completion of the acquisition, the chairman now owns 1,373,376 shares in the company, valued at approximately $18,430,705.92. This represents a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 1,087,429 shares of company stock valued at $13,171,696. 5.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Sunrise Realty Trust

A number of hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC purchased a new position in Sunrise Realty Trust during the third quarter valued at $28,000. Barclays PLC bought a new position in shares of Sunrise Realty Trust in the third quarter worth about $106,000. Catalyst Capital Advisors LLC purchased a new position in shares of Sunrise Realty Trust during the 3rd quarter valued at about $125,000. Spire Wealth Management bought a new position in shares of Sunrise Realty Trust during the 4th quarter valued at approximately $137,000. Finally, JPMorgan Chase & Co. purchased a new stake in Sunrise Realty Trust in the 3rd quarter worth approximately $155,000.

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.