Leonard Tannenbaum Buys 6,000 Shares in Sunrise Realty Trust at $10.86/Share

Sunrise Realty Trust, Inc. (SUNS) has announced that Director, 10% Owner, and Executive Chairman Leonard M. Tannenbaum has made a purchase of 6,000 shares at a price of $10.86 per share on June 16, 2023.

Sunrise Realty Trust, Inc. (SUNS), a commercial real estate lender, has seen a significant insider transaction that may signal confidence in the company's future prospects. On June 16, 2023, Leonard M. Tannenbaum, the Director, 10% Owner, and Executive Chairman, purchased 6,000 shares of SUNS at a price of $10.86 per share [1].

This purchase, totaling approximately $65,160, comes as Sunrise Realty Trust continues to maintain its quarterly dividend at $0.30 per share, payable on July 15, 2025 [2]. The dividend is consistent with the previous quarter, indicating financial stability and a commitment to returning value to shareholders.

The insider transaction aligns with a broader trend of positive analyst ratings and price targets for SUNS. Over the past six months, multiple analysts have issued buy ratings, with a median price target of $15.0 [3]. This support from the investment community may further bolster investor confidence in the company's ability to deliver on its strategic commitments and growth plans.

While the insider purchase is a positive sign, it is important to note that Sunrise Realty Trust's forward-looking statements acknowledge inherent risks and uncertainties. The company's focus on transitional commercial real estate projects in the Southern United States presents both opportunities and challenges. As such, investors should carefully consider these factors when evaluating SUNS.

References:
[1] https://www.nasdaq.com/articles/sunrise-realty-trust-inc-declares-quarterly-dividend-030-share-q2-2025
[2] https://www.gurufocus.com/news/2926140/sunrise-realty-trust-suns-maintains-quarterly-dividend-payout
[3] https://www.barchart.com/story/news/32854980/a-5-5-million-reason-to-buy-topgolf-calloway-stock-in-june-2025