Sunrise Realty Trust, Inc. (SUNS) to Distribute Quarterly Dividend of $0.30 on July 15th

by · The Markets Daily

Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Get Free Report) announced a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be given a dividend of 0.30 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

Sunrise Realty Trust Stock Performance

Shares of SUNS opened at $8.42 on Friday. The stock has a market cap of $113.84 million, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.63 and a beta of 0.98. Sunrise Realty Trust has a fifty-two week low of $7.34 and a fifty-two week high of $11.78. The firm’s 50-day simple moving average is $8.12 and its two-hundred day simple moving average is $8.77.

Sunrise Realty Trust (NASDAQ:SUNS – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.33%. The firm had revenue of $10.27 million during the quarter, compared to analyst estimates of $6.18 million. Equities research analysts predict that Sunrise Realty Trust will post 1.22 EPS for the current year.

Institutional Investors Weigh In On Sunrise Realty Trust

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sunrise Realty Trust by 90.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,077 shares of the company’s stock valued at $67,000 after acquiring an additional 2,880 shares during the last quarter. Bank of America Corp DE lifted its position in Sunrise Realty Trust by 60.4% during the fourth quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock valued at $73,000 after purchasing an additional 1,952 shares during the period. Hsbc Holdings PLC bought a new position in Sunrise Realty Trust during the first quarter valued at approximately $87,000. Wells Fargo & Company MN boosted its holdings in Sunrise Realty Trust by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,394 shares of the company’s stock worth $107,000 after purchasing an additional 3,602 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Sunrise Realty Trust by 22.5% in the 1st quarter. Rhumbline Advisers now owns 9,780 shares of the company’s stock worth $108,000 after purchasing an additional 1,794 shares during the period.

Sunrise Realty Trust Company Profile

(Get Free Report)

Sunrise Realty Trust is a real estate investment trust (REIT) that focuses on acquiring, owning and leasing convenience store and fuel retail properties under long-term net leases. The company targets sale-leaseback transactions and joint-venture investments with high-credit tenants in the convenience retail sector. Sunrise Realty Trust’s portfolio comprises single-tenant properties that benefit from predictable cash flows, structured lease agreements and tenant-driven site improvements, providing exposure to a segment of the retail real estate market that aligns closely with consumer essentials.

The company’s primary business activities include sourcing and underwriting new property investments, negotiating sale-leaseback and ground lease transactions, and managing asset performance throughout the lease term.

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