Sutherland Asset Management Corp. (SLD) Rating Reiterated by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of Sutherland Asset Management Corp. (NYSE:SLD) in a report published on Friday. The brokerage currently has a $16.00 price target on the real estate investment trust’s stock.

SLD has been the topic of a number of other research reports. Zacks Investment Research downgraded Sutherland Asset Management Corp. from a hold rating to a sell rating in a research note on Saturday, September 23rd. FBR & Co raised Sutherland Asset Management Corp. from a market perform rating to an outperform rating and increased their price target for the company from $15.50 to $16.00 in a research note on Monday, August 7th. Finally, B. Riley reissued a buy rating on shares of Sutherland Asset Management Corp. in a research note on Wednesday, November 1st.

Sutherland Asset Management Corp. (NYSE:SLD) opened at $15.30 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $494.35, a price-to-earnings ratio of 11.11 and a beta of 0.69. Sutherland Asset Management Corp. has a 12 month low of $12.45 and a 12 month high of $16.10.

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The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.67%. The ex-dividend date of this dividend was Thursday, September 28th. Sutherland Asset Management Corp.’s dividend payout ratio (DPR) is currently 80.87%.

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Sutherland Asset Management Corp. by 2.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,160 shares of the real estate investment trust’s stock worth $893,000 after buying an additional 1,408 shares during the period. Eqis Capital Management Inc. raised its stake in Sutherland Asset Management Corp. by 22.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 15,138 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 2,790 shares during the period. OxFORD Asset Management LLP raised its stake in Sutherland Asset Management Corp. by 47.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 20,959 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 6,740 shares during the period. SG Americas Securities LLC acquired a new stake in Sutherland Asset Management Corp. during the 3rd quarter worth $117,000. Finally, Nationwide Fund Advisors acquired a new stake in Sutherland Asset Management Corp. during the 2nd quarter worth $153,000. 30.29% of the stock is currently 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.

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