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

Keefe, Bruyette & Woods assumed coverage on shares of Sunrise Realty Trust (NASDAQ:SUNS) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $12.75 price objective on the stock.

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

Sunrise Realty Trust Price Performance

Shares of NASDAQ SUNS opened at $11.58 on Tuesday. The firm has a fifty day moving average of $13.22 and a 200 day moving average of $13.68. Sunrise Realty Trust has a one year low of $8.11 and a one year high of $15.74.

Insider Buying and Selling

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum acquired 39,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 approximately $18,430,705.92. The trade was a 2.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders bought 1,087,429 shares of company stock worth $13,171,696. 5.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new position in Sunrise Realty Trust during the third quarter worth approximately $28,000. Barclays PLC acquired a new stake in shares of Sunrise Realty Trust in the 3rd quarter worth $106,000. Catalyst Capital Advisors LLC purchased a new position in shares of Sunrise Realty Trust during the 3rd quarter worth $125,000. Spire Wealth Management acquired a new position in shares of Sunrise Realty Trust during the 4th quarter valued at about $137,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Sunrise Realty Trust in the third quarter valued at about $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.