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

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a dividend on Monday, August 12th, NASDAQ reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.21 per share on Tuesday, October 15th. The ex-dividend date is Monday, September 30th.

Sunrise Realty Trust Stock Up 3.0 %

Shares of SUNS traded up $0.43 during trading hours on Friday, hitting $14.70. 34,355 shares of the stock were exchanged, compared to its average volume of 100,919. Sunrise Realty Trust has a fifty-two week low of $8.11 and a fifty-two week high of $14.95. The business’s 50-day simple moving average is $13.10.

Insiders Place Their Bets

In other Sunrise Realty Trust news, President Robyn Tannenbaum acquired 15,000 shares of Sunrise Realty Trust stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average cost of $13.66 per share, for a total transaction of $204,900.00. Following the completion of the acquisition, the president now directly owns 15,000 shares of the company’s stock, valued at $204,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum acquired 25,000 shares of Sunrise Realty Trust stock in a transaction dated Friday, August 30th. The stock was purchased at an average cost of $13.85 per share, for a total transaction of $346,250.00. Following the completion of the acquisition, the chairman now directly owns 420,181 shares of the company’s stock, valued at $5,819,506.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Robyn Tannenbaum acquired 15,000 shares of Sunrise Realty Trust stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $13.66 per share, with a total value of $204,900.00. Following the completion of the acquisition, the president now directly owns 15,000 shares of the company’s stock, valued at $204,900. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 157,471 shares of company stock worth $2,041,658. 5.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report 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.