Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Get Free Report) declared a special dividend on Friday, October 23rd. Stockholders of record on Monday, November 2nd will be given a dividend of $0.09 per share on Thursday, November 5th. The ex-dividend date of this dividend is Monday, November 2nd.
Sunrise Realty Trust Stock Up 0.3%
Shares of Sunrise Realty Trust stock opened at $6.61 on Friday. The company has a market cap of $89.34 million, a PE ratio of 6.81, a P/E/G ratio of 0.53 and a beta of 1.04. The business has a 50 day moving average of $6.89 and a 200 day moving average of $8.01. Sunrise Realty Trust has a 52 week low of $5.77 and a 52 week high of $10.45.
Sunrise Realty Trust (NASDAQ:SUNS – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $8.56 million during the quarter, compared to analysts’ expectations of $7.17 million. Sunrise Realty Trust had a return on equity of 8.25% and a net margin of 53.33%. On average, research analysts anticipate that Sunrise Realty Trust will post 1.13 earnings per share for the current year.
About Sunrise Realty Trust
Sunrise Realty Trust, Inc is a real estate investment trust focused on commercial real estate finance. The company invests in and originates commercial real estate debt, seeking to generate income from loans and other investments secured by properties in the United States.
Its investment activities are centered primarily on mortgage loans and other credit investments backed by commercial real estate. These investments may support the acquisition, refinancing, development, redevelopment or repositioning of properties, with the portfolio generally targeting opportunities in the middle-market commercial real estate sector.
Sunrise Realty Trust is externally managed and focuses on building a diversified portfolio of commercial real estate investments.
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