Alliance Global Partners has revised its price target for Sunrise Realty Trust (SUNS, Financial), reducing it from $14 to $12.50. Despite this adjustment, the firm maintains its Buy rating for the shares. This decision comes in light of the preliminary update released by Sunrise Realty Trust for the first quarter, which outlined loan commitments amounting to $147.5 million.
The updated price target reflects a reassessment of Sunrise's financial projections following the recent disclosures. Investors have been informed of these changes through a research note issued by the analyst, indicating that the firm's estimates for Sunrise have been realigned to incorporate the latest quarterly developments.
