B. Riley Financial Issues Pessimistic Forecast for Sunrise Realty Trust (NASDAQ:SUNS) Stock Price

Sunrise Realty Trust (NASDAQ:SUNS) had its price objective reduced by investment analysts at B. Riley Financial from $13.50 to $13.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s target price suggests a potential upside of 93.71% from the company’s previous close.

SUNS has been the subject of a number of other reports. Zacks Research raised shares of Sunrise Realty Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. New Street Research upgraded shares of Sunrise Realty Trust from a “sell” rating to a “neutral” rating in a report on Wednesday, September 23rd. Weiss Ratings raised shares of Sunrise Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Sunrise Realty Trust from $8.00 to $6.50 and set a “market perform” rating for the company in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sunrise Realty Trust has a consensus rating of “Hold” and an average price target of $9.75.

Sunrise Realty Trust Stock Performance

Shares of SUNS traded down $0.48 during mid-day trading on Thursday, hitting $6.71. The company’s stock had a trading volume of 42,502 shares, compared to its average volume of 94,365. Sunrise Realty Trust has a one year low of $5.77 and a one year high of $10.45. The firm has a market capitalization of $90.71 million, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The stock’s 50-day moving average is $6.78 and its two-hundred day moving average is $7.92.

Sunrise Realty Trust (NASDAQ:SUNS) last announced its earnings results on Tuesday, November 10th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Sunrise Realty Trust had a return on equity of 7.77% and a net margin of 49.15%. The company had revenue of $7.97 million for the quarter, compared to the consensus estimate of $9.13 million. Analysts expect that Sunrise Realty Trust will post 1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SUNS. Susquehanna International Group LLP acquired a new stake in Sunrise Realty Trust during the second quarter worth $233,000. Hsbc Holdings PLC acquired a new position in shares of Sunrise Realty Trust in the 2nd quarter valued at $133,000. BlackRock Inc. acquired a new stake in shares of Sunrise Realty Trust during the 2nd quarter valued at about $1,038,000. Quantinno Capital Management LP boosted its position in shares of Sunrise Realty Trust by 22.9% during the 1st quarter. Quantinno Capital Management LP now owns 50,951 shares of the company’s stock valued at $391,000 after acquiring an additional 9,510 shares in the last quarter. Finally, GatePass Capital LLC bought a new stake in Sunrise Realty Trust in the first quarter valued at about $588,000.

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.