Charles Schwab Investment Management Inc. Makes New Investment in Sunrise Realty Trust, Inc. (NASDAQ:SUNS)

Charles Schwab Investment Management Inc. acquired a new stake in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,067 shares of the company’s stock, valued at approximately $231,000. Charles Schwab Investment Management Inc. owned about 0.23% of Sunrise Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in Sunrise Realty Trust during the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Sunrise Realty Trust during the 3rd quarter worth $125,000. Finally, Los Angeles Capital Management LLC acquired a new position in Sunrise Realty Trust in the 3rd quarter valued at $372,000.

Sunrise Realty Trust Stock Down 0.6 %

Shares of NASDAQ:SUNS opened at $13.15 on Friday. The firm’s 50 day simple moving average is $14.55. Sunrise Realty Trust, Inc. has a twelve month low of $8.11 and a twelve month high of $15.74.

Analysts Set New Price Targets

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

Insider Transactions at Sunrise Realty Trust

In related news, Chairman Leonard M. Tannenbaum acquired 47,810 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $13.39 per share, with a total value of $640,175.90. Following the completion of the transaction, the chairman now owns 1,318,573 shares of the company’s stock, valued at approximately $17,655,692.47. This represents a 3.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.70% of the company’s stock.

Sunrise Realty Trust Profile

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.