Sunrise Realty Trust (NASDAQ:SUNS) Now Covered by Keefe, Bruyette & Woods

Research analysts at Keefe, Bruyette & Woods began coverage on shares of Sunrise Realty Trust (NASDAQ:SUNS) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $12.75 price target on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 9.82% from the company’s previous close.

Separately, Raymond James reaffirmed an “outperform” rating and issued a $15.00 target price (down from $17.50) on shares of Sunrise Realty Trust in a research report on Monday, February 3rd.

Sunrise Realty Trust Price Performance

Shares of SUNS opened at $11.61 on Tuesday. The firm has a fifty day simple moving average of $13.28 and a two-hundred day simple moving average of $13.68. Sunrise Realty Trust has a twelve month low of $8.11 and a twelve month high of $15.74.

Insider Transactions at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $12.00 per share, for a total transaction of $12,000,000.00. Following the purchase, the chairman now directly owns 2,434,213 shares in the company, valued at $29,210,556. The trade was a 69.72 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders purchased 1,087,429 shares of company stock valued at $13,171,696. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SUNS. Wasatch Advisors LP bought a new position in shares of Sunrise Realty Trust in the 3rd quarter worth about $8,875,000. Geode Capital Management LLC bought a new stake in Sunrise Realty Trust during the 3rd quarter valued at about $1,785,000. State Street Corp bought a new stake in Sunrise Realty Trust during the 3rd quarter valued at about $1,788,000. Los Angeles Capital Management LLC bought a new stake in Sunrise Realty Trust during the 3rd quarter valued at about $372,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Sunrise Realty Trust during the 3rd quarter valued at about $231,000.

About Sunrise Realty Trust

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.