Raymond James lowered the firm’s price target on Sunrise Realty Trust (SUNS) to $14.50 from $15 and keeps an Outperform rating on the shares. Sunrise Realty’s Q4 earnings were below the firm’s estimate due to new investments that occurred late in the quarter, as well as higher unfunded commitments, the analyst tells investors in a research note. The firm’s rating reflects its outlook for strong portfolio returns and the attractive valuation.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUNS:
- Sunrise Realty Trust price target lowered to $12.25 from $12.75 at Keefe Bruyette
- Sunrise Realty Trust Reports Strong 2024 Earnings
- Sunrise Realty Trust’s Positive Earnings Call Highlights
- Sunrise Realty Trust reports Q4 distributable EPS 30c, consensus 32c
- Sunrise Realty Trust, Inc. (SUNS) Q4 Earnings Cheat Sheet
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue