Sutherland Asset Management (NYSE:SLD) had its price objective boosted by research analysts at B. Riley from $16.50 to $17.50 in a report released on Wednesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price objective points to a potential upside of 9.72% from the company’s previous close.

Several other research firms have also recently issued reports on SLD. Zacks Investment Research raised shares of Sutherland Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Saturday, May 12th. Sandler O’Neill set a $16.00 price objective on shares of Sutherland Asset Management and gave the stock a “hold” rating in a research report on Thursday, March 22nd. Finally, ValuEngine cut shares of Sutherland Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Sutherland Asset Management currently has a consensus rating of “Buy” and a consensus target price of $16.58.

Shares of Sutherland Asset Management traded up $0.05, hitting $15.95, during trading on Wednesday, Marketbeat reports. 1,200 shares of the stock were exchanged, compared to its average volume of 38,564. The stock has a market cap of $512.38 million, a P/E ratio of 11.23 and a beta of 0.60. Sutherland Asset Management has a 12-month low of $13.55 and a 12-month high of $16.20. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.51.

Sutherland Asset Management (NYSE:SLD) last released its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.10. The business had revenue of $14.48 million during the quarter, compared to analysts’ expectations of $16.39 million. Sutherland Asset Management had a net margin of 38.93% and a return on equity of 9.05%. sell-side analysts forecast that Sutherland Asset Management will post 1.62 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its position in Sutherland Asset Management by 2.2% in the first quarter. Northern Trust Corp now owns 198,596 shares of the real estate investment trust’s stock valued at $3,009,000 after acquiring an additional 4,363 shares during the last quarter. Levin Capital Strategies L.P. lifted its position in Sutherland Asset Management by 48.1% in the fourth quarter. Levin Capital Strategies L.P. now owns 23,209 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 7,538 shares during the last quarter. Farallon Capital Management LLC lifted its position in Sutherland Asset Management by 0.4% in the first quarter. Farallon Capital Management LLC now owns 2,208,239 shares of the real estate investment trust’s stock valued at $33,455,000 after acquiring an additional 8,232 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in Sutherland Asset Management in the fourth quarter valued at $133,000. Finally, Assetmark Inc. purchased a new stake in Sutherland Asset Management in the first quarter valued at $147,000. 30.45% of the stock is owned by hedge funds and other institutional investors.

About Sutherland Asset Management

Sutherland Asset Management Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.

Analyst Recommendations for Sutherland Asset Management (NYSE:SLD)

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