Sunrise Realty Trust, Inc. (SUNS) to Issue — Dividend of $0.21 on January 15th

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) declared a — dividend on Monday, August 19th, Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.21 per share on Wednesday, January 15th. This represents a dividend yield of 10.3%. The ex-dividend date is Tuesday, December 31st.

Sunrise Realty Trust Price Performance

Shares of Sunrise Realty Trust stock opened at $12.36 on Wednesday. Sunrise Realty Trust has a 12-month low of $8.11 and a 12-month high of $14.85.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday.

Insider Activity

In other Sunrise Realty Trust news, Chairman Leonard M. Tannenbaum purchased 65,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average price of $12.41 per share, with a total value of $806,650.00. Following the completion of the purchase, the chairman now directly owns 302,966 shares of the company’s stock, valued at approximately $3,759,808.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.70% of the company’s stock.

Sunrise Realty Trust Company Profile

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.