Sutherland Asset Management Corp. (NYSE:SLD) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01, Bloomberg Earnings reports. The business had revenue of $6.92 million for the quarter, compared to analyst estimates of $16.68 million. Sutherland Asset Management Corp. had a return on equity of 7.00% and a net margin of 38.63%.

Shares of Sutherland Asset Management Corp. (SLD) traded down 1.02% during midday trading on Friday, hitting $14.60. The stock had a trading volume of 90,557 shares. Sutherland Asset Management Corp. has a one year low of $12.40 and a one year high of $15.35. The firm has a 50 day moving average of $14.86 and a 200-day moving average of $14.30. The company has a market cap of $450.03 million, a P/E ratio of 8.19 and a beta of 0.69.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.14%. The ex-dividend date was Wednesday, June 28th. Sutherland Asset Management Corp.’s dividend payout ratio (DPR) is 102.07%.

ILLEGAL ACTIVITY NOTICE: “Sutherland Asset Management Corp. (NYSE:SLD) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS” was first reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/04/sutherland-asset-management-corp-nysesld-releases-quarterly-earnings-results-beats-expectations-by-0-01-eps.html.

SLD has been the topic of several research analyst reports. Zacks Investment Research lowered Sutherland Asset Management Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. FBR & Co reissued a “hold” rating on shares of Sutherland Asset Management Corp. in a research note on Monday, May 15th.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Sutherland Asset Management Corp. by 46.5% in the first quarter. Vanguard Group Inc. now owns 533,145 shares of the real estate investment trust’s stock worth $7,704,000 after buying an additional 169,212 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Sutherland Asset Management Corp. by 78.4% in the first quarter. TCW Group Inc. now owns 364,184 shares of the real estate investment trust’s stock worth $5,262,000 after buying an additional 160,000 shares during the last quarter. Morgan Stanley boosted its stake in shares of Sutherland Asset Management Corp. by 1,538.6% in the first quarter. Morgan Stanley now owns 75,803 shares of the real estate investment trust’s stock worth $1,095,000 after buying an additional 71,177 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Sutherland Asset Management Corp. during the first quarter worth $977,000. Finally, West Family Investments Inc. boosted its stake in shares of Sutherland Asset Management Corp. by 12.4% in the second quarter. West Family Investments Inc. now owns 585,123 shares of the real estate investment trust’s stock worth $8,252,000 after buying an additional 64,694 shares during the last quarter. Hedge funds and other institutional investors own 28.39% of the company’s stock.

About Sutherland Asset Management Corp.

Sutherland Asset Management Corporation, formerly ZAIS Financial Corp., is a diversified mortgage real estate investment trust (REIT). The Company originates, acquires, finances, services and manages small balance commercial loans (SBC) and Small Business Administration (SBA) loans. The Company focuses on maintaining its existing residential mortgage origination platform, GMFS.

Earnings History for Sutherland Asset Management  Corp. (NYSE:SLD)

Receive News & Ratings for Sutherland Asset Management Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sutherland Asset Management Corp. and related companies with MarketBeat.com's FREE daily email newsletter.