Sunrise Realty Trust, Inc. (NASDAQ:SUNS) to Issue $0.30 Quarterly Dividend

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) declared a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be given a dividend of 0.30 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Tuesday, June 30th.

Sunrise Realty Trust Trading Up 0.1%

NASDAQ SUNS opened at $8.55 on Tuesday. The stock’s 50 day moving average is $8.00 and its 200 day moving average is $8.86. Sunrise Realty Trust has a 12 month low of $7.34 and a 12 month high of $11.78. The stock has a market cap of $115.60 million, a PE ratio of 8.64, a P/E/G ratio of 0.64 and a beta of 0.98.

Sunrise Realty Trust (NASDAQ:SUNS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. Sunrise Realty Trust had a return on equity of 8.33% and a net margin of 54.82%.The company had revenue of $10.27 million for the quarter, compared to analysts’ expectations of $6.18 million. On average, analysts forecast that Sunrise Realty Trust will post 1.22 EPS for the current fiscal year.

Sunrise Realty Trust Company Profile

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.