Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Acquires $523,380.00 in Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard M. Tannenbaum purchased 39,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of $13.42 per share, with a total value of $523,380.00. Following the purchase, the chairman now owns 1,373,376 shares in the company, valued at $18,430,705.92. This represents a 2.92 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sunrise Realty Trust Price Performance

SUNS stock opened at $13.23 on Thursday. The company’s 50-day moving average price is $14.55. Sunrise Realty Trust, Inc. has a 52-week low of $8.11 and a 52-week high of $15.74.

Institutional Trading of Sunrise Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new position in Sunrise Realty Trust in the 3rd quarter worth approximately $28,000. Barclays PLC acquired a new stake in shares of Sunrise Realty Trust in the third quarter worth $106,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Sunrise Realty Trust in the third quarter worth $125,000. Charles Schwab Investment Management Inc. bought a new position in Sunrise Realty Trust during the third quarter worth $231,000. Finally, Los Angeles Capital Management LLC acquired a new position in Sunrise Realty Trust during the 3rd quarter valued at $372,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James started coverage on Sunrise Realty Trust in a report on Thursday, October 3rd. They issued an “outperform” rating and a $17.50 target price for the company. StockNews.com upgraded shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st.

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.