Sutherland Asset Management Corp. (SLD) Set to Announce Earnings on Wednesday
Sutherland Asset Management Corp. (NYSE:SLD) will be posting its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Sutherland Asset Management Corp. to post earnings of $0.34 per share for the quarter.
Sutherland Asset Management Corp. (NYSE:SLD) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $6.92 million during the quarter, compared to the consensus estimate of $16.68 million. Sutherland Asset Management Corp. had a net margin of 42.38% and a return on equity of 8.19%. On average, analysts expect Sutherland Asset Management Corp. to post $1.35 EPS for the current fiscal year and $1.52 EPS for the next fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 29th were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.48 annualized dividend and a yield of 9.46%. Sutherland Asset Management Corp.’s payout ratio is currently 77.08%.
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Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods assumed coverage on Sutherland Asset Management Corp. in a research note on Thursday, September 28th. They set a “market perform” rating and a $16.00 target price on the stock. Zacks Investment Research cut Sutherland Asset Management Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Finally, FBR & Co raised Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $15.50 to $16.00 in a research note on Monday, August 7th.
An institutional investor recently bought a new position in Sutherland Asset Management Corp. stock. State Street Corp purchased a new position in Sutherland Asset Management Corp. (NYSE:SLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 189,169 shares of the real estate investment trust’s stock, valued at approximately $2,808,000. State Street Corp owned 0.59% of Sutherland Asset Management Corp. as of its most recent SEC filing. Institutional investors own 30.24% of the company’s stock.
Sutherland Asset Management Corp. 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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