Sutherland Asset Management Corp. (NYSE:SLD) – Research analysts at FBR & Co decreased their Q3 2017 earnings per share (EPS) estimates for shares of Sutherland Asset Management Corp. in a research report issued on Monday. FBR & Co analyst J. Levi-Ribner now forecasts that the real estate investment trust will earn $0.34 per share for the quarter, down from their prior forecast of $0.35. FBR & Co currently has a “Outperform” rating and a $16.00 price objective on the stock. FBR & Co also issued estimates for Sutherland Asset Management Corp.’s Q2 2018 earnings at $0.38 EPS and Q3 2018 earnings at $0.39 EPS.

Sutherland Asset Management Corp. (NYSE:SLD) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Sutherland Asset Management Corp. had a return on equity of 8.19% and a net margin of 42.38%. The company had revenue of $6.92 million for the quarter, compared to analyst estimates of $16.68 million.

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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 14.80 on Tuesday. The firm has a 50-day moving average price of $14.86 and a 200 day moving average price of $14.30. Sutherland Asset Management Corp. has a 52-week low of $12.40 and a 52-week high of $15.35. The stock has a market capitalization of $456.20 million, a price-to-earnings ratio of 8.30 and a beta of 0.69.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.00%. The ex-dividend date was Wednesday, June 28th. Sutherland Asset Management Corp.’s payout ratio is presently 77.08%.

Several large investors have recently added to or reduced their stakes in SLD. Eqis Capital Management Inc. raised its stake in 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. West Family Investments Inc. raised its stake in Sutherland Asset Management Corp. by 7.1% in the first quarter. West Family Investments Inc. now owns 520,429 shares of the real estate investment trust’s stock valued at $7,520,000 after buying an additional 34,636 shares during the last quarter. TFS Capital LLC raised its stake in 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. Oxford Asset Management acquired a new stake in Sutherland Asset Management Corp. during the first quarter valued at about $205,000. Finally, JPMorgan Chase & Co. raised its stake in 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. 28.41% of the stock is owned by institutional investors and hedge funds.

About Sutherland Asset Management Corp.

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.

Earnings History and Estimates for Sutherland Asset Management  Corp. (NYSE:SLD)

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