Sunrise Realty Trust executive chairman buys $906,587 in common stock

Leonard M. Tannenbaum, Executive Chairman of Sunrise Realty Trust Inc. (NASDAQ:SUNS), acquired 80,514 shares of the company’s common stock on March 19, according to a recent SEC filing. The company, which currently offers an attractive 10.6% dividend yield, maintains strong liquidity with current assets exceeding short-term obligations. InvestingPro analysis indicates the stock is trading 28% below its 52-week high of $15.74. The purchase was made at an average price of $11.26 per share, totaling approximately $906,587. Following this transaction, Tannenbaum holds 2,623,803 shares directly. Additional shares are held indirectly through various trusts and family arrangements. With a market capitalization of $152.3 million, analysts expect positive net income growth this year. For deeper insights into insider trading patterns and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.

In other recent news, Sunrise Realty Trust reported its fourth-quarter 2024 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $0.27, while revenue was reported at $3.4 million. The company’s performance was bolstered by a $77 million equity raise in January 2025, although its fourth-quarter earnings fell slightly short of Raymond (NSE:RYMD) James’ expectations due to the timing of new investments and an increase in unfunded commitments. Analysts from both Keefe, Bruyette & Woods and Raymond James have adjusted their price targets for Sunrise Realty Trust, with Keefe reducing its target to $12.25 and Raymond James to $14.50, both maintaining an Outperform rating on the stock.

Keefe, Bruyette & Woods noted that Sunrise Realty Trust’s shares are appealing at 0.79 times the pro forma book value, especially in comparison to peers. The firm also highlighted a dividend yield of 10.8%, which is favorable within its competitive range. Sunrise Realty Trust’s fourth-quarter loan originations totaled $75 million, with the company continuing its lending activities into 2025. The firm’s book value per share was reported at $13.93 following a first-quarter equity offering.

Despite a reduction in the quarterly dividend to $0.30 per share, analysts remain optimistic about the company’s strategic focus and potential for earnings growth. Sunrise Realty Trust’s portfolio is heavily concentrated in the Southern U.S., particularly in Florida and Texas, with 85% of loans being floating-rate, which positions the company to benefit from current market conditions. The company’s management has expressed optimism about future opportunities, highlighting the potential for increased dividends aligned with its loan origination activities.

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