Latest news with #SunriseRealtyTrust
Yahoo
29-05-2025
- Business
- Yahoo
Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with Addition of EverBank as Joint Lead Arranger
WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ('SUNS' or the 'Company') (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the 'Credit Facility') with the addition of EverBank, N.A. ('EverBank'). EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp, Inc. ('East West Bank') in November 2024, remains expandable to $200 million, subject to certain conditions and additional lender participation. Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SUNS' commercial real estate loan pipeline in alignment with the Company's investment strategy, and provide general working capital. 'Adding a third institutional bank to the credit facility highlights the strength of SUNS' lending platform and the trust we've built with our financing partners,' said Leonard Tannenbaum, Executive Chairman of SUNS. 'Expanding the facility to $140 million in commitments provides added financial flexibility to pursue attractive opportunities and drive continued growth in our target markets.' 'EverBank is pleased to support SUNS as it continues expansion of its platform and growth of its CRE loan portfolio. Joining this credit facility highlights our desire to offer highly customized loan structures that serve borrowers' specific requirements, and we look forward to serving SUNS' evolving needs in the future,' said Kevin Mammoser, Managing Director, EverBank Structured Real Estate. About Sunrise Realty Trust, Inc. Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate ('CRE') lender providing flexible financing solutions to sponsors of CRE projects primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit About TCG Real Estate TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. About EverBank EverBank, N.A. ('EverBank') is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across Florida and California. EverBank's commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money. Visit or connect and interact with us on Facebook, Instagram, LinkedIn or X. EverBank is a Member FDIC. About East West Bank East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: EWBC) with total assets of $76 billion as of December 31, 2024. The company's wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California and operates over 110 locations in the United States and Asia. The Bank's markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington. Investor Relations Contact Robyn Tannenbaum561-510-2293 ir@ in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Sunrise Realty Trust Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2025
WEST PALM BEACH, Fla., April 15, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ('SUNS' or 'the Company') (NASDAQ: SUNS), a lender on the Tannenbaum Capital Group ('TCG') Real Estate platform, today announced that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 7th, 2025 before market open. Management will review SUNS' financial results at 10:00 am ET via webcast available on the Investor Relations website at or by registering in advance at this link. To participate in the live conference call, dial 888-672-2415 (or 646-307-1952 for international callers) and provide Conference ID 6235201. A replay will be available one hour after the event. SUNS distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here. About Sunrise Realty Trust, Realty Trust, Inc. (NASDAQ: SUNS) is an institutional commercial real estate ('CRE') lender providing flexible financing solutions to sponsors of CRE projects in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit About TCG Real EstateTCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (NASDAQ: SUNS), and a private mortgage REIT, Southern Realty Trust, Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. Investor Relations Contact Robyn Tannenbaum561-510-2293 ir@ Media Contact Profile AdvisorsRich Myers & Rachel Goun347-774-1125srt@
Yahoo
19-03-2025
- Business
- Yahoo
Sunrise Realty Trust commits $46.5M as part of $62M senior loan
Sunrise Realty Trust (SUNS) closed on a $46.5M commitment to a $62M senior loan originated by the TCG Real Estate platform to refinance The Boheme, a Class-A Multifamily asset in Dallas, TX, with $44.3M of the SUNS commitment funded at closing. The remaining $15.5M of the total loan is held by an affiliate on the TCG Real Estate platform. The sponsor, Kairoi Residential is a vertically integrated investment, development, and property management company specializing in Class-A+ urban multifamily projects. Since 2003, Kairoi has transacted on $9.8B with projects comprising over 69,000 multifamily units across 20 metro areas in the U.S. Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SUNS: Questions or Comments about the article? Write to editor@ 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 Sunrise Realty Trust's Positive Earnings Call Highlights Sunrise Realty Trust reports Q4 distributable EPS 30c, consensus 32c Sign in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
Sunrise Realty Trust Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ending December 31, 2024
WEST PALM BEACH, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ('SUNS' or 'the Company') (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group ('TCG') | Real Estate platform, today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2024 on Thursday, March 6, 2025 before market open. Management will review SUNS' financial results at 10:00 am ET via webcast available on the Investor Relations website at Participants are also invited to access the conference call by registering in advance at this link. A replay will be available one hour after the event. SUNS distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here. About Sunrise Realty Trust, Inc.: Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate ('CRE') lender that provides flexible financing solutions to sponsors of CRE projects in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit About TCG Real Estate: TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust, Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets in primary and secondary metropolitan areas of the Southern U.S. Investor Relations Contact: Robyn Tannenbaum561-510-2293 ir@ Media Contact: Profile AdvisorsRich Myers & Rachel Goun347-774-1125srt@
Yahoo
06-02-2025
- Business
- Yahoo
Insiders Pull the Trigger on 2 Dividend Stocks With Double-Digit Upside
Finding the best stocks for your investment portfolio isn't about mastering some hidden trick – it's about understanding the game. Just like in Kenny Rogers' The Gambler, where 'every hand's a winner, and every hand's a loser,' success depends on how you play the cards you're dealt. A gambler reads faces; an investor reads the market's signals. Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions. Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio Few signals are clearer than insider trading activity. The insiders are the corporate officers with responsibility for ensuring that their company brings in a profitable return – think C-suite residents and Boards of Directors. They know what's happening behind the scenes, and they use that knowledge to inform their own trading. To keep the playing field level, Federal regulators require that these officers make their inside trading moves public. When you watch insider trades, just remember that they'll sell for any number of reasons – but they'll only buy when they are sure the stock will go up. This makes insider trades a valuable signal for investors. And when those trades are combined with other favorable factors in a stock, such as high dividend yields or solid upside potential, the result is a brightly flashing neon signal that this is a stock deserving of your closer attention. A dip into the TipRanks database has brought two such stocks to our attention. Each offers a dividend return along with a double-digit upside potential – and each has seen a recent insider buy of $1 million or more. Let's take a closer look. Sunrise Realty Trust (SUNS) The first stock on our list, Sunrise Realty Trust, is a real estate investment trust, a REIT. Sunrise is new to the public trading markets, but not new to the business. The company was formed as an independent, publicly traded entity in July of last year, through a spin-off separation transaction initiated by the parent company AFC Gamma. AFC Gamma was already a REIT, with business activities in both the cannabis and commercial real estate sectors. The firm chose to retain its cannabis business while spinning off the commercial real estate side as Sunrise Realty Trust. The result is a new REIT with a focus on commercial real estate, CRE, in the Southeast of the US. The company has several properties in its portfolio, all located in desirable urban markets in Florida and Texas. Sunrise acts as an institutional lender, originating and funding loans on these properties. The company has focused its lending activities on a narrow niche, mainly upscale and/or luxury residential projects, hotels, and commercial spaces. The company has chosen the Southeast as its area of activity due to the region's expanding demographic and economic profile. Shares in Sunrise started trading on the NASDAQ on July 10, and since then the company has paid out two common stock dividends. The first, paid out on October 15, was for 21 cents per common share (a partial quarter cash dividend); the second, paid out on January 15, was for 42 cents. The January payment gives an annualized rate of $1.68 per common share and a forward yield of 14%. Turning to the insiders, we find that Sunrise Executive Chairman Leonard Tannenbaum made a hefty purchase of SUNS shares during the final week of January. He picked up one million shares, paying $12 million for the tranche of stock. Tannenbaum's holding in this newly public REIT totals over $35.5 million. Sunrise has caught the attention of Alliance Global analyst Gaurav Mehta, who particularly likes the company's potential for expansion and its forward dividend yield. 'Our Buy rating is based on a strong loan pipeline that provides an opportunity to grow, no legacy loans with issues, a focus on southern US with above-average employment and population growth, and an attractive common dividend yield of 14%,' Mehta noted. That Buy rating is supported by a $14.50 price target, implying a one-year upside potential of 22%. Factoring in the dividend yield, the stock's potential one-year return could reach as high as 36%. (To watch Mehta's track record, click here) SUNS is still a bit under the radar, and only has 2 recent analyst reviews. They both agree, however, that it's a stock to buy, making the consensus view a Moderate Buy. The shares are selling for $11.87 and their $14.75 average price target indicates room for a 24% upside over the next 12 months. (See SUNS stock forecast) Ally Financial (ALLY) Next up is a Detroit-based bank holding company, Ally Financial. Ally's services to customers include automotive loan financing, online banking, vehicle insurance, corporate banking, and mortgage loans. The company is invested in its hometown, and its headquarters are located in one of Detroit's premier modern skyscrapers, the Ally Detroit Center, overlooking the city's financial district. Ally has been in business since 1919. Until 2010, the company was known as GMAC, General Motors Acceptance Corporation, and acted as the customer financing arm of automotive giant GM. The company remains a major name in automotive financing, and in the full year 2024, Ally originated $39.2 billion worth of volume in consumer auto loans. The company has $192 billion in total assets and boasts approximately 11 million customers. In recent months, Ally has moved to focus on its core business of banking services and auto financing and, to that end, has divested itself of its credit card business. Last month, the company reached an agreement with CardWorks, Inc., under which Ally will sell off its credit card portfolio, which includes $2.3 billion in credit card receivables with 1.3 million active cardholders. The transaction is expected to close later this year. Ally pays out a regular common share dividend and made its last declaration on January 17. That declaration was for a 30-cent payout, scheduled for February 14. The company has held the dividend at this level for 13 quarters; the $1.20 annualized common share payment gives a forward yield of 3.1%. The company's most recent insider buy came from CEO Michael George Rhodes, who bought 25,634 shares during the last week in January. Rhodes paid over $1 million for this purchase. Turning to Ally's financial position, we find that the company has recently reported its results for Q4 and full-year 2024. For the fourth quarter, Ally reported revenues of $2.1 billion, up 5% year-over-year and $80 million better than had been expected. The company's bottom line came to 78 cents per share by non-GAAP measures, beating the forecast by 21 cents. For the full year, Ally's revenues were $8.2 billion, and the non-GAAP EPS came to $2.35. Investors should also note that Ally reported a strong position against potential losses. The company calculated its Q4 core return on tangible common equity (core ROTCE) as 11.3%, and the corresponding figure for the full year as 8.5%. The company managed this even as Q4 net interest margin (NIM) registered a year-over-year gain of just 11 basis points, reaching 3.3%. The company reports that the modest gain was driven by 'lower funding costs,' a factor that should improve for Ally in the long term with completion of the card business exit. These are key points for Citi analyst Keith Horowitz, who covers Ally. The 5-star analyst has looked under the hood of this Detroit bank and writes, 'While exiting the card business poses headwind to NIM (disclosed ~20bps on full-year basis), mid-teens ROTCE target remains intact and mgmt. sees it as achievable with high-3s NIM, in tandem with sub-2% auto losses and expense discipline. We see ~4% NIM in '26 through deposit repricing (4Q beta was better than our estimate at ~36%) and fixed-rate asset repricing with origination yields expected to improve off 4Q seasonal low of 9.6% (mgmt. guided to high-9s to 10% in near term). We continue to expect large upside in the name over the med-term on underlying trends driving ROTCE towards mid-teens target in '26.' For the long haul, Horowitz describes ALLY as a ''Show me' story starting to deliver,' and rates the stock as a Buy. He complements the upbeat rating with a $55 price target that points toward a one-year upside potential of 44%. (To watch Horowitz's track record, click here) Overall, there are 17 recent analyst reviews for Ally, and their breakdown – 9 to Buy, 7 to Hold, and 1 to Sell – gives the stock its Moderate Buy consensus rating. ALLY shares are trading for $38.18, and their $44.86 average target price implies a 17.5% upside in the next 12 months. (See ALLY stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
