SUNS
Sunrise Realty Trust, Inc. Common StockSUNS
SUNS
About: Sunrise Realty Trust Inc is a real estate investment trust company. It is focus on originating CRE debt investments and providing capital to high-quality borrowers and sponsors with transitional business plans collateralized by CRE assets with opportunities for near-term value creation, as well as recapitalization opportunities. It 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 and investment mix to include high quality multi-family, condominiums, retail, office, hospitality, industrial, mixed use and specialty-use real estate.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
32.12% more ownership
Funds ownership: 0% [Q2] → 32.12% (+32.12%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$17.50
29%
upside
Avg. target
$17.50
29%
upside
High target
$17.50
29%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Stephen Laws 24% 1-year accuracy 4 / 17 met price target | 29%upside $17.50 | Outperform Initiated | 3 Oct 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Sunrise Realty Trust Commits $32.0 Million in a Senior Loan for The Loren at Lady Bird Lake in Austin, Texas
WEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $32.0 million, of which the Company funded $29.9 million, to a $57.0 million senior loan originated by an affiliate on the TCG Real Estate platform. This loan is for the refinancing of The Loren at Lady Bird Lake (the “Project” or “The Loren”), a luxury boutique hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading real estate company that specializes in developing, owning, and managing luxury hotels in high-demand destination markets. JLL Capital Market's Debt Advisory team representing the borrower was led by Wally Reid and Scott Dickey.
Neutral
GlobeNewsWire
1 week ago
Southern Realty Trust Originates $57.0 Million Senior Loan for The Loren at Lady Bird Lake in Austin, Texas
WEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Southern Realty Trust Inc. (“SRT” or the “Company”) today announced that it originated a senior loan in the aggregate amount of $57.0 million for the refinancing of The Loren at Lady Bird Lake (the “Project” or “The Loren”), a luxury hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading real estate company that specializes in developing, owning, and managing luxury hotels in high-demand destination markets. SRT holds $25.0 million of the loan, while the remaining $32.0 million was syndicated to an affiliate on the TCG Real Estate platform. JLL Capital Market's Debt Advisory team representing the borrower was led by Wally Reid and Scott Dickey.
Neutral
GlobeNewsWire
1 month ago
Sunrise Realty Trust Commits $13.0 Million in a Subordinate Loan for Excel Miami Apartments
WEST PALM BEACH, Fla., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $13.0 million to a $26.0 million subordinate loan for the development of the Excel Miami Apartments (“Excel” or the “Project”), a 24-story multifamily tower located at 1550 NE Miami Place in Miami's Art & Entertainment District. An affiliated entity committed the remaining $13.0 million of the total loan amount. Centennial Bank provided a $68.5 million senior construction loan, with Jay Brito orchestrating the senior loan transaction. The Sponsor is Clearline Real Estate (“Clearline”), a real estate investment and development firm led by Jenny Bernell. Clearline is headquartered in New York and Miami and focuses on multifamily real estate investments across growing U.S. regions.
Neutral
Seeking Alpha
1 month ago
Sunrise Realty Trust, Inc. (SUNS) Q3 2024 Earnings Call Transcript
Sunrise Realty Trust, Inc. (NASDAQ:SUNS ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer Leonard Tannenbaum - Executive Chairman Brian Sedrish - CEO Brandon Hetzel - CFO Conference Call Participants Stephen Laws - Raymond James Chris Muller - Citizens JMP Operator Good morning, and welcome to Sunrise Realty Trust's Third Quarter Earnings Call. At this time, all participants are in a listen-only mode.
Neutral
GlobeNewsWire
1 month ago
Sunrise Realty Trust, Inc. Announces Financial Results for Third Quarter 2024
Third quarter 2024 GAAP net income of $1.7 million or $0.26 per basic weighted average common share and Distributable Earnings(1) of $1.9 million or $0.27 per basic weighted average common share
Positive
Seeking Alpha
2 months ago
Sunrise Realty Trust: High-Yield mREIT Captures Growth In Florida And Texas
Sunrise Realty Trust is a new commercial mortgage REIT that started trading this year in July. Migration trends to the southern states, in my view, suggest SUNS is well-positioned to build a profitable lending business. Rate cuts and a potential increase in its dividend would lead to a higher share price.
Neutral
GlobeNewsWire
2 months ago
Sunrise Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Conference Call for November 7, 2024
WEST PALM BEACH, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it plans to report earnings for the quarter ended September 30, 2024 on Thursday, November 7, 2024.
Neutral
Seeking Alpha
4 months ago
Sunrise Realty Trust, Inc. (SUNS) Q2 2024 Earnings Call Transcript
Sunrise Realty Trust, Inc. (NASDAQ:SUNS ) Q2 2024 Earnings Call Transcript August 14, 2024 10:00 AM ET Company Participants Anna Kim - Chief Legal Officer Leonard Tannenbaum - Executive Chairman Brian Sedrish - CEO Brandon Hetzel - CFO Conference Call Participants Stephen Laws - Raymond James Operator Good morning and welcome to Sunrise Realty Trust's Second Quarter Business Update Conference Call. At this time, all participants are in listen-only mode.
Neutral
GlobeNewsWire
4 months ago
Sunrise Realty Trust, Inc. Provides Quarterly Business Update and Declares Dividends for Third and Fourth Quarters of 2024
Board of Directors Declares a Partial Q3 2024 Dividend of $0.21 per Common Share and a Normal Q4 2024 Dividend of $0.42 per Common Share Board of Directors Declares a Partial Q3 2024 Dividend of $0.21 per Common Share and a Normal Q4 2024 Dividend of $0.42 per Common Share
Neutral
GlobeNewsWire
5 months ago
Sunrise Realty Trust, Inc. Schedules Second Quarter 2024 Earnings Conference Call for August 14, 2024
WEST PALM BEACH, Fla., July 17, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it plans to report earnings for the quarter ended June 30, 2024 on Wednesday, August 14, 2024.
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