Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Plans $0.21 — Dividend

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

Sunrise Realty Trust Trading Up 2.7 %

SUNS opened at $14.68 on Friday. The firm’s fifty day moving average is $14.38. Sunrise Realty Trust has a 52-week low of $8.11 and a 52-week high of $15.74.

Wall Street Analyst Weigh In

Separately, Raymond James began coverage on Sunrise Realty Trust in a report on Thursday, October 3rd. They issued an “outperform” rating and a $17.50 price objective on the stock.

Insider Transactions at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum bought 39,000 shares of Sunrise Realty Trust stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $13.42 per share, for a total transaction of $523,380.00. Following the completion of the transaction, the chairman now directly owns 1,373,376 shares of the company’s stock, valued at $18,430,705.92. This trade represents a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders have purchased a total of 87,429 shares of company stock worth $1,171,696 in the last quarter. Company insiders own 5.70% of the company’s stock.

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.