Leonard M. Tannenbaum Purchases 1,136 Shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Stock

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Chairman Leonard M. Tannenbaum bought 1,136 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $13.10 per share, for a total transaction of $14,881.60. Following the transaction, the chairman now directly owns 366,763 shares in the company, valued at approximately $4,804,595.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sunrise Realty Trust Trading Up 0.6 %

NASDAQ:SUNS traded up $0.08 during trading hours on Monday, reaching $13.36. 53,348 shares of the company traded hands, compared to its average volume of 142,178. Sunrise Realty Trust, Inc. has a 1-year low of $8.11 and a 1-year high of $14.85.

Sunrise Realty Trust Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 10.3%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sunrise Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st.

Sunrise Realty Trust Company Profile

Sunrise Realty Trust (NASDAQ: SUNS) is an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States. The firm seeks to target loans with investment rates in the mid-teens.