Alliance Global Partners analyst Gaurav Mehta initiated coverage of Sunrise Realty Trust (SUNS) with a Buy rating and $16 price target Sunrise is an institutional lender with a focus on originating and funding secured loans collateralized by commercial real estate projects in the Southern U.S., notes the analyst, whose Buy rating is based on a “strong” loan pipeline that provides an opportunity to grow as well as the company’s lack of legacy loans with issues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUNS: