Leonard M. Tannenbaum Buys 65,000 Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) 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

Separately, StockNews.com lowered shares of Sunrise Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

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.