State Street Corp bought a new position in Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 122,493 shares of the company’s stock, valued at approximately $1,788,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new position in shares of Sunrise Realty Trust during the third quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in Sunrise Realty Trust during the 3rd quarter valued at about $125,000. Charles Schwab Investment Management Inc. bought a new position in Sunrise Realty Trust in the 3rd quarter worth about $231,000. Los Angeles Capital Management LLC acquired a new stake in shares of Sunrise Realty Trust in the third quarter valued at approximately $372,000. Finally, Wasatch Advisors LP bought a new stake in shares of Sunrise Realty Trust during the third quarter valued at approximately $8,875,000.
Sunrise Realty Trust Trading Down 3.2 %
Shares of SUNS opened at $14.08 on Thursday. Sunrise Realty Trust, Inc. has a one year low of $8.11 and a one year high of $15.74. The company’s fifty day simple moving average is $14.36.
Analyst Ratings Changes
Get Our Latest Analysis on SUNS
Insider Activity at Sunrise Realty Trust
In other news, Chairman Leonard M. Tannenbaum bought 47,810 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of $13.39 per share, for a total transaction of $640,175.90. Following the completion of the transaction, the chairman now directly owns 1,318,573 shares of the company’s stock, valued at approximately $17,655,692.47. This trade represents a 3.76 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 87,429 shares of company stock worth $1,171,696 in the last 90 days. 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.
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Want to see what other hedge funds are holding SUNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunrise Realty Trust, Inc. (NASDAQ:SUNS – Free Report).
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