Keefe Bruyette downgraded Sunrise Realty Trust (SUNS) to Market Perform from Outperform with a price target of $9.50, down from $10.75. The firm cites its reduced estimates and expectations for lower dividend growth for the downgrade. Commercial mortgage real estate investment trust “divergence” will continue in Q4, with originations, credit, debt maturities, and liquidity determining earnings and dividend trajectories, the analyst tells investors in a research note.
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