Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Get Free Report) Chairman Leonard M. Tannenbaum purchased 25,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were bought at an average cost of $13.85 per share, with a total value of $346,250.00. Following the purchase, the chairman now directly owns 420,181 shares of the company’s stock, valued at approximately $5,819,506.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Sunrise Realty Trust Stock Performance
SUNS stock opened at $13.81 on Friday. Sunrise Realty Trust, Inc. has a 1-year low of $8.11 and a 1-year high of $14.90.
Sunrise Realty Trust Announces Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 30th.
Analysts Set New Price Targets
Read Our Latest Report 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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