What is B. Riley’s Estimate for SUNS FY2024 Earnings?

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) – Stock analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of Sunrise Realty Trust in a research report issued to clients and investors on Wednesday, February 12th. B. Riley analyst R. Binner forecasts that the company will post earnings of $0.53 per share for the year. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Sunrise Realty Trust’s current full-year earnings is $0.64 per share. B. Riley also issued estimates for Sunrise Realty Trust’s Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.35 EPS, FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.65 EPS.

Other equities analysts have also recently issued reports about the company. Keefe, Bruyette & Woods initiated coverage on Sunrise Realty Trust in a report on Tuesday, February 11th. They issued an “outperform” rating and a $12.75 price objective for the company. Raymond James reaffirmed an “outperform” rating and issued a $15.00 price objective (down from $17.50) on shares of Sunrise Realty Trust in a report on Monday, February 3rd.

Sunrise Realty Trust Stock Up 0.3 %

Shares of NASDAQ SUNS opened at $11.53 on Monday. The business has a fifty day moving average price of $13.00 and a two-hundred day moving average price of $13.67. Sunrise Realty Trust has a fifty-two week low of $8.11 and a fifty-two week high of $15.74.

Institutional Investors Weigh In On Sunrise Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at about $28,000. Tower Research Capital LLC TRC grew its position in shares of Sunrise Realty Trust by 353.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the company’s stock valued at $41,000 after buying an additional 2,279 shares during the last quarter. Bank of America Corp DE grew its position in shares of Sunrise Realty Trust by 60.4% in the 4th quarter. Bank of America Corp DE now owns 5,183 shares of the company’s stock valued at $73,000 after buying an additional 1,952 shares during the last quarter. Barclays PLC bought a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at about $106,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Sunrise Realty Trust in the 3rd quarter valued at about $125,000.

Insider Transactions at Sunrise Realty Trust

In other news, Chairman Leonard M. Tannenbaum acquired 1,000,000 shares of Sunrise Realty Trust stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $12,000,000.00. Following the transaction, the chairman now directly owns 2,434,213 shares of the company’s stock, valued at approximately $29,210,556. The trade was a 69.72 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 1,087,429 shares of company stock valued at $13,171,696. Corporate insiders own 5.70% of the company’s stock.

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.