Bank of New York Mellon Corp grew its holdings in Sutherland Asset Management Corp (NYSE:SLD) by 19.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 66,352 shares of the real estate investment trust’s stock after acquiring an additional 10,715 shares during the period. Bank of New York Mellon Corp’s holdings in Sutherland Asset Management were worth $1,041,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SLD. Nationwide Fund Advisors acquired a new position in shares of Sutherland Asset Management in the 2nd quarter valued at $153,000. Balyasny Asset Management LLC acquired a new position in shares of Sutherland Asset Management in the 2nd quarter valued at $155,000. Hillsdale Investment Management Inc. acquired a new position in shares of Sutherland Asset Management in the 2nd quarter valued at $156,000. First Trust Advisors LP acquired a new position in shares of Sutherland Asset Management in the 3rd quarter valued at $194,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Sutherland Asset Management by 997.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,299 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 13,905 shares in the last quarter. Institutional investors own 30.43% of the company’s stock.

Shares of Sutherland Asset Management Corp (NYSE SLD) opened at $15.15 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.45. Sutherland Asset Management Corp has a fifty-two week low of $13.00 and a fifty-two week high of $16.20. The firm has a market cap of $484.75, a PE ratio of 7.81 and a beta of 0.72.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.77%. The ex-dividend date of this dividend is Thursday, December 28th. Sutherland Asset Management’s payout ratio is 76.29%.

A number of brokerages have recently issued reports on SLD. Zacks Investment Research cut shares of Sutherland Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday. JMP Securities began coverage on shares of Sutherland Asset Management in a research note on Friday, January 5th. They issued an “outperform” rating and a $17.00 price objective for the company. Keefe, Bruyette & Woods began coverage on shares of Sutherland Asset Management in a research note on Thursday, September 28th. They issued a “market perform” rating and a $16.00 price objective for the company. Finally, B. Riley restated a “buy” rating on shares of Sutherland Asset Management in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.50.

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Sutherland Asset Management 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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Institutional Ownership by Quarter for Sutherland Asset Management (NYSE:SLD)

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