Barclays PLC Purchases Shares of 7,392 Sunrise Realty Trust, Inc. (NASDAQ:SUNS)

Barclays PLC purchased a new stake in Sunrise Realty Trust, Inc. (NASDAQ:SUNS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,392 shares of the company’s stock, valued at approximately $106,000. Barclays PLC owned 0.11% of Sunrise Realty Trust as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in Sunrise Realty Trust in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in Sunrise Realty Trust in the 3rd quarter valued at about $125,000. Charles Schwab Investment Management Inc. bought a new position in shares of Sunrise Realty Trust during the third quarter worth approximately $231,000. Los Angeles Capital Management LLC bought a new position in shares of Sunrise Realty Trust during the third quarter worth approximately $372,000. Finally, State Street Corp bought a new position in shares of Sunrise Realty Trust during the third quarter worth approximately $1,788,000.

Sunrise Realty Trust Trading Up 3.2 %

Shares of SUNS opened at $11.32 on Friday. Sunrise Realty Trust, Inc. has a 12 month low of $8.11 and a 12 month high of $15.74. The stock’s 50 day simple moving average is $14.10.

Sunrise Realty Trust (NASDAQ:SUNS) last announced its earnings results on Thursday, November 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $3.18 million for the quarter, compared to the consensus estimate of $2.50 million. As a group, equities analysts predict that Sunrise Realty Trust, Inc. will post 0.64 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James began coverage on shares of Sunrise Realty Trust in a report on Thursday, October 3rd. They set an “outperform” rating and a $17.50 target price on the stock.

Insider Buying and Selling

In other news, Chairman Leonard M. Tannenbaum purchased 39,000 shares of Sunrise Realty Trust stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of $13.42 per share, for a total transaction of $523,380.00. Following the transaction, the chairman now owns 1,373,376 shares of the company’s stock, valued at approximately $18,430,705.92. The trade was a 2.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 87,429 shares of company stock worth $1,171,696. 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.