Leonard M. Tannenbaum Buys 47,810 Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard M. Tannenbaum acquired 47,810 shares of Sunrise Realty Trust stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $13.39 per share, for a total transaction of $640,175.90. Following the completion of the purchase, the chairman now directly owns 1,318,573 shares of the company’s stock, valued at $17,655,692.47. This represents a 3.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sunrise Realty Trust Stock Down 1.5 %

Shares of NASDAQ SUNS opened at $13.23 on Thursday. The company has a 50 day simple moving average of $14.55. Sunrise Realty Trust, Inc. has a 52-week low of $8.11 and a 52-week high of $15.74.

Institutional Trading of Sunrise Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in Sunrise Realty Trust in the third quarter valued at approximately $28,000. Barclays PLC acquired a new position in shares of Sunrise Realty Trust in the 3rd quarter worth approximately $106,000. Catalyst Capital Advisors LLC bought a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at $125,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Sunrise Realty Trust during the third quarter worth $231,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Sunrise Realty Trust during the third quarter worth $372,000.

Analyst Ratings Changes

A number of brokerages have weighed in on SUNS. Raymond James began coverage on shares of Sunrise Realty Trust in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $17.50 target price on the stock. StockNews.com raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st.

About Sunrise Realty Trust

Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.