Sutherland Asset Management Corp (NYSE:SLD) announced a quarterly dividend on Wednesday, September 12th, Wall Street Journal reports. Investors of record on Friday, September 28th will be paid a dividend of 0.40 per share by the real estate investment trust on Wednesday, October 31st. This represents a $1.60 annualized dividend and a dividend yield of 9.47%. The ex-dividend date of this dividend is Thursday, September 27th.

Sutherland Asset Management has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Sutherland Asset Management to earn $1.77 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 90.4%.

Shares of NYSE:SLD opened at $16.90 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.60. Sutherland Asset Management has a 1 year low of $13.55 and a 1 year high of $17.30. The firm has a market cap of $533.67 million, a P/E ratio of 9.91 and a beta of 0.61.

Sutherland Asset Management (NYSE:SLD) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. Sutherland Asset Management had a return on equity of 9.68% and a net margin of 33.24%. The company had revenue of $35.17 million for the quarter, compared to analyst estimates of $16.97 million. analysts anticipate that Sutherland Asset Management will post 1.76 earnings per share for the current year.

Several equities analysts have weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Sutherland Asset Management in a report on Monday, September 17th. They set a “neutral” rating on the stock. Raymond James assumed coverage on Sutherland Asset Management in a report on Monday, July 30th. They set an “outperform” rating and a $18.00 target price on the stock. JMP Securities raised their target price on Sutherland Asset Management from $17.00 to $18.00 and gave the company a “market outperform” rating in a report on Wednesday, August 8th. Sandler O’Neill restated a “hold” rating and set a $17.00 target price on shares of Sutherland Asset Management in a report on Thursday, August 9th. Finally, Compass Point lowered Sutherland Asset Management from a “buy” rating to a “neutral” rating in a report on Thursday, August 9th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.58.

Sutherland Asset Management Company Profile

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.

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Dividend History for Sutherland Asset Management (NYSE:SLD)

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