Sunrise Realty Trust, Inc. (SUNS) to Issue — Dividend of $0.21 on January 15th

Posted by Editorial Team on Dec 29th, 2024

Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Get Free Report) announced a — dividend on Monday, August 19th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.21 per share on Wednesday, January 15th. This represents a yield of 10.3%. The ex-dividend date is Tuesday, December 31st.

Sunrise Realty Trust Price Performance

NASDAQ SUNS opened at $14.68 on Friday. Sunrise Realty Trust has a 12-month low of $8.11 and a 12-month high of $15.74. The business has a fifty day moving average of $14.38.

Insiders Place Their Bets

In related news, Chairman Leonard M. Tannenbaum bought 39,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased 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 directly owns 1,373,376 shares in the company, valued at approximately $18,430,705.92. The trade was a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 87,429 shares of company stock valued at $1,171,696. 5.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Raymond James started coverage on Sunrise Realty Trust in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $17.50 target price for the company.

Check Out Our Latest Stock Report on Sunrise Realty Trust

About Sunrise Realty Trust

(Get Free Report)

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.