Sutherland Asset Management Corp. (NYSE:SLD) was upgraded by stock analysts at FBR & Co from a “market perform” rating to an “outperform” rating in a report released on Monday. The firm currently has a $16.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $15.50. FBR & Co’s target price indicates a potential upside of 8.47% from the company’s previous close. FBR & Co also issued estimates for Sutherland Asset Management Corp.’s Q3 2017 earnings at $0.34 EPS, Q2 2018 earnings at $0.38 EPS and Q3 2018 earnings at $0.39 EPS.

Separately, Zacks Investment Research cut shares of Sutherland Asset Management Corp. from a “hold” rating to a “sell” rating in a report on Thursday, April 13th.

Sutherland Asset Management Corp. (SLD) opened at 14.75 on Monday. Sutherland Asset Management Corp. has a 1-year low of $12.40 and a 1-year high of $15.35. The company has a market capitalization of $454.65 million, a P/E ratio of 8.27 and a beta of 0.69. The stock’s 50 day moving average is $14.82 and its 200-day moving average is $14.31.

Sutherland Asset Management Corp. (NYSE:SLD) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Sutherland Asset Management Corp. had a net margin of 42.38% and a return on equity of 8.19%. The company had revenue of $6.92 million during the quarter, compared to analysts’ expectations of $16.68 million. On average, analysts expect that Sutherland Asset Management Corp. will post $1.35 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. boosted its position in shares of Sutherland Asset Management Corp. by 21.6% in the first quarter. Eqis Capital Management Inc. now owns 12,348 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 2,196 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sutherland Asset Management Corp. by 5.5% in the first quarter. JPMorgan Chase & Co. now owns 58,752 shares of the real estate investment trust’s stock valued at $849,000 after buying an additional 3,046 shares during the last quarter. TFS Capital LLC boosted its position in shares of Sutherland Asset Management Corp. by 30.4% in the first quarter. TFS Capital LLC now owns 16,593 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 3,872 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Sutherland Asset Management Corp. during the second quarter valued at about $159,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Sutherland Asset Management Corp. during the first quarter valued at about $163,000. Institutional investors and hedge funds own 28.41% of the company’s stock.

Sutherland Asset Management Corp. Company Profile

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.

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