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Frank Alexander C, a director at Sunrise Realty Trust, Inc. (NYSE:SUNS), recently acquired 4,400 shares of the company’s common stock. The transaction took place on March 7, 2025, with shares purchased at a weighted average price of $11.30, totaling approximately $49,720. The purchase comes as the stock has declined over 21% year-to-date, while maintaining an attractive dividend yield of 10.8%. According to InvestingPro, the company shows strong liquidity with current assets exceeding short-term obligations. Following this acquisition, Alexander’s (NYSE:ALX) direct ownership of Sunrise Realty Trust stands at 9,137 shares. The purchase was executed in multiple trades, with prices ranging from $11.29 to $11.30. With analyst price targets ranging from $12.25 to $15.00, InvestingPro subscribers can access detailed insider trading analysis and 6 additional ProTips for deeper insights into SUNS’s potential.
In other recent news, Sunrise Realty Trust reported its fourth-quarter 2024 earnings, exceeding Wall Street expectations with an earnings per share (EPS) of $0.27. The company also reported a revenue of $3.4 million, aligning with its net interest income. Despite the earnings beat, analysts at Keefe, Bruyette & Woods adjusted the price target for Sunrise Realty Trust, lowering it to $12.25 from $12.75, while maintaining an Outperform rating due to steady earnings expectations for 2025-2026. Similarly, Raymond (NSE:RYMD) James also reduced its price target for the company to $14.50 from $15.00, citing a shortfall in fourth-quarter earnings due to the timing of new investments and increased unfunded commitments, yet retained an Outperform rating.
Sunrise Realty Trust’s recent financial activities include a $77 million equity raise completed in January 2025, which has contributed to its strategic focus on expanding its commercial real estate lending in the Southern United States. The company’s book value per share was reported at $13.93 following this equity offering. Despite a reduction in the quarterly dividend to $0.30, analysts at Keefe, Bruyette & Woods remain optimistic about the company’s investment strategy and credit profile, anticipating an upward trend in earnings and dividends in line with loan origination activities. Raymond James also holds a positive outlook on the company’s ability to generate strong portfolio returns, citing the stock’s appealing valuation and strategic focus.
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