Alliance Global Partners analyst Gaurav Mehta reiterates a Buy rating and $14 price target on shares on Sunrise Realty Trust (SUNS) after the company announced a $46.5M senior loan commitment associated with a refinancing of a multifamily asset in Dallas, Texas. The loan commitments reflect a strong loan pipeline and Sunrise’s ability to continue to originate and fund new loans, the analyst tells investors in a research note.
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Read More on SUNS:
- Southern Realty Trust commits $15.5M as part of $62M senior loan
- Sunrise Realty Trust commits $46.5M as part of $62M senior loan
- Sunrise Realty Trust price target lowered to $14.50 from $15 at Raymond James
- Sunrise Realty Trust price target lowered to $12.25 from $12.75 at Keefe Bruyette
- Sunrise Realty Trust Reports Strong 2024 Earnings
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