Sunrise Realty Trust, Inc. (SUNS) To Go Ex-Dividend on March 31st

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) announced a quarterly dividend on Tuesday, March 10th. Investors of record on Tuesday, March 31st will be given a dividend of 0.30 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date is Tuesday, March 31st.

Sunrise Realty Trust Trading Down 2.1%

Shares of NASDAQ:SUNS traded down $0.19 during midday trading on Thursday, hitting $8.92. The stock had a trading volume of 157,345 shares, compared to its average volume of 69,898. Sunrise Realty Trust has a 1 year low of $7.80 and a 1 year high of $11.78. The stock has a 50 day moving average price of $9.32 and a two-hundred day moving average price of $9.87. The company has a market capitalization of $119.71 million, a PE ratio of 7.79, a P/E/G ratio of 0.63 and a beta of 0.90.

About Sunrise Realty Trust

Sunrise Realty Trust is a real estate investment trust (REIT) that focuses on acquiring, owning and leasing convenience store and fuel retail properties under long-term net leases. The company targets sale-leaseback transactions and joint-venture investments with high-credit tenants in the convenience retail sector. Sunrise Realty Trust’s portfolio comprises single-tenant properties that benefit from predictable cash flows, structured lease agreements and tenant-driven site improvements, providing exposure to a segment of the retail real estate market that aligns closely with consumer essentials.

The company’s primary business activities include sourcing and underwriting new property investments, negotiating sale-leaseback and ground lease transactions, and managing asset performance throughout the lease term.