Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Get Free Report) Chairman Leonard M. Tannenbaum purchased 65,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $12.41 per share, for a total transaction of $806,650.00. Following the acquisition, the chairman now owns 302,966 shares in the company, valued at $3,759,808.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Sunrise Realty Trust Price Performance
Shares of NASDAQ:SUNS traded up $0.82 during trading hours on Monday, reaching $12.08. The stock had a trading volume of 78,233 shares, compared to its average volume of 157,953. Sunrise Realty Trust, Inc. has a 1 year low of $8.11 and a 1 year high of $14.85.
Sunrise Realty Trust Announces Dividend
The firm also recently announced a — dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.21 dividend. This represents a yield of 10.3%. The ex-dividend date of this dividend is Tuesday, December 31st.
Analyst Ratings Changes
View Our Latest Analysis on SUNS
About Sunrise Realty Trust
Sunrise Realty Trust (NASDAQ: SUNS) is an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States. The firm seeks to target loans with investment rates in the mid-teens.
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