What is B. Riley’s Estimate for SUNS FY2024 Earnings?

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) – Research analysts at B. Riley issued their FY2024 earnings per share estimates for shares of Sunrise Realty Trust in a report released on Wednesday, February 12th. B. Riley analyst R. Binner expects that the company will earn $0.53 per share for the year. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Sunrise Realty Trust’s current full-year earnings is $0.64 per share. B. Riley also issued estimates for Sunrise Realty Trust’s Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.35 EPS, FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.65 EPS.

A number of other research analysts also recently weighed in on SUNS. Keefe, Bruyette & Woods initiated coverage on Sunrise Realty Trust in a research note on Tuesday, February 11th. They set an “outperform” rating and a $12.75 price target on the stock. Raymond James reissued an “outperform” rating and issued a $15.00 price objective (down from $17.50) on shares of Sunrise Realty Trust in a research note on Monday, February 3rd.

Sunrise Realty Trust Stock Up 0.3 %

SUNS stock opened at $11.53 on Monday. The stock’s 50 day simple moving average is $13.00 and its 200 day simple moving average is $13.67. Sunrise Realty Trust has a fifty-two week low of $8.11 and a fifty-two week high of $15.74.

Insider Activity at Sunrise Realty Trust

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 39,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of $13.42 per share, with a total value of $523,380.00. Following the completion of the transaction, the chairman now owns 1,373,376 shares of the company’s stock, valued at $18,430,705.92. The trade was a 2.92 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders acquired 1,087,429 shares of company stock valued at $13,171,696. 5.70% of the stock is owned by insiders.

Institutional Trading of Sunrise Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of SUNS. Nisa Investment Advisors LLC purchased a new stake in shares of Sunrise Realty Trust during the third quarter valued at approximately $28,000. Tower Research Capital LLC TRC increased its position in shares of Sunrise Realty Trust by 353.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the company’s stock valued at $41,000 after acquiring an additional 2,279 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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 acquiring an additional 1,952 shares during the last quarter. Barclays PLC bought a new position in Sunrise Realty Trust during the third quarter valued at $106,000. Finally, Catalyst Capital Advisors LLC bought a new position in Sunrise Realty Trust during the third quarter valued at $125,000.

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.