Sutherland Asset Management Corp. (NYSE:SLD) – Research analysts at FBR & Co issued their Q1 2018 earnings estimates for Sutherland Asset Management Corp. in a report released on Monday. FBR & Co analyst J. Levi-Ribner anticipates that the real estate investment trust will post earnings of $0.37 per share for the quarter. FBR & Co has a “Outperform” rating and a $16.00 price target on the stock. FBR & Co also issued estimates for Sutherland Asset Management Corp.’s Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.38 EPS and Q4 2018 earnings at $0.39 EPS.

A number of other analysts also recently weighed in on SLD. Zacks Investment Research upgraded Sutherland Asset Management Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Keefe, Bruyette & Woods initiated coverage on Sutherland Asset Management Corp. in a report on Thursday, September 28th. They set a “market perform” rating and a $16.00 price target for the company.

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Sutherland Asset Management Corp. (SLD) traded up 0.63% on Wednesday, hitting $15.85. The stock had a trading volume of 55,392 shares. The company has a 50 day moving average of $15.81 and a 200 day moving average of $15.06. Sutherland Asset Management Corp. has a 12-month low of $12.40 and a 12-month high of $16.10. The company has a market capitalization of $507.14 million, a PE ratio of 8.82 and a beta of 0.69.

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

A number of institutional investors have recently modified their holdings of SLD. JPMorgan Chase & Co. boosted its position in shares of Sutherland Asset Management Corp. by 5.5% during the 1st 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. Vanguard Group Inc. lifted its position in Sutherland Asset Management Corp. by 46.5% in the 1st quarter. Vanguard Group Inc. now owns 533,145 shares of the real estate investment trust’s stock valued at $7,704,000 after acquiring an additional 169,212 shares in the last quarter. Morgan Stanley lifted its position in Sutherland Asset Management Corp. by 1,538.6% in the 1st quarter. Morgan Stanley now owns 75,803 shares of the real estate investment trust’s stock valued at $1,095,000 after acquiring an additional 71,177 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Sutherland Asset Management Corp. in the 1st quarter valued at about $163,000. Finally, Goldman Sachs Group Inc. bought a new position in Sutherland Asset Management Corp. in the 1st quarter valued at about $977,000. Hedge funds and other institutional investors own 30.19% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 29th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a yield of 9.40%. Sutherland Asset Management Corp.’s payout ratio is currently 77.08%.

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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