SCHEDULE 13G/A: Wasatch Advisors LP Discloses 7.0% Passive Stake in Sunrise Realty Trust, Inc.

Wasatch Advisors LP has filed an amended Schedule 13G, reporting a 7.0% beneficial ownership stake in Sunrise Realty Trust, Inc. as of March 31, 2025.

Summary

• Wasatch Advisors LP, an investment adviser, reported beneficial ownership of 940,582 shares of Common Stock in Sunrise Realty Trust, Inc.
• This ownership represents 7.0% of the total class of securities.
• Wasatch Advisors LP holds sole voting power over 852,915 shares and sole dispositive power over 940,582 shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership, which inherently carries a neutral sentiment as it does not provide operational or financial performance updates for the issuer.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

Schedule 13G filings are routine disclosures by institutional investors, such as Wasatch Advisors LP (an investment adviser), when their beneficial ownership in a public company exceeds 5% and is held for passive investment purposes. Sunrise Realty Trust, Inc. is likely a Real Estate Investment Trust (REIT), a common corporate structure in the real estate sector that offers specific tax advantages and is often favored by income-focused investors.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake in the company, which can influence market perception and liquidity.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Wasatch Advisors LP, Sunrise Realty Trust Inc., Common Stock, SEC Filing, Investment Adviser, Real Estate Investment Trust, REIT