Zacks Investment Research cut shares of Sutherland Asset Management Corp. (NYSE:SLD) from a hold rating to a sell rating in a research note published on Saturday morning.

According to Zacks, “Sutherland Asset Management Corporation is a commercial mortgage REIT. The company is a real estate finance company which acquires, originates, manages, services and finances primarily small balance commercial loans. It also invests in asset-backed securities and other real estate-related investments. Sutherland Asset Management Corporation, formerly known as ZAIS Financial Corp., is based in New York. “

Separately, FBR & Co raised shares of Sutherland Asset Management Corp. from a market perform rating to an outperform rating and boosted their target price for the stock from $15.50 to $16.00 in a research note on Monday, August 7th.

Sutherland Asset Management Corp. (NYSE SLD) opened at 15.90 on Friday. The stock’s 50 day moving average price is $15.19 and its 200-day moving average price is $14.73. Sutherland Asset Management Corp. has a 12 month low of $12.40 and a 12 month high of $16.05. The stock has a market cap of $508.74 million, a price-to-earnings ratio of 8.85 and a beta of 0.68.

Sutherland Asset Management Corp. (NYSE:SLD) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $6.92 million during the quarter, compared to the consensus estimate of $16.68 million. Sutherland Asset Management Corp. had a net margin of 42.38% and a return on equity of 8.19%. Equities analysts expect that Sutherland Asset Management Corp. will post $1.37 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.31%. Sutherland Asset Management Corp.’s dividend payout ratio is currently 77.08%.

Several hedge funds have recently added to or reduced their stakes in SLD. Oxford Asset Management purchased a new stake in shares of Sutherland Asset Management Corp. during the first quarter worth about $205,000. JPMorgan Chase & Co. increased its stake in shares of Sutherland Asset Management Corp. by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 58,752 shares of the real estate investment trust’s stock worth $849,000 after purchasing an additional 3,046 shares in the last quarter. TCW Group Inc. increased its stake in shares of Sutherland Asset Management Corp. by 78.4% during the first quarter. TCW Group Inc. now owns 364,184 shares of the real estate investment trust’s stock worth $5,262,000 after purchasing an additional 160,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Sutherland Asset Management Corp. by 46.5% during the first quarter. Vanguard Group Inc. now owns 533,145 shares of the real estate investment trust’s stock worth $7,704,000 after purchasing an additional 169,212 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Sutherland Asset Management Corp. by 1,538.6% during the first quarter. Morgan Stanley now owns 75,803 shares of the real estate investment trust’s stock worth $1,095,000 after purchasing an additional 71,177 shares in the last quarter. 30.22% of the stock is owned by institutional investors and hedge funds.

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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