Sutherland Asset Management (SLD) Releases Earnings Results, Hits Expectations

Sutherland Asset Management (NYSE:SLD) released its earnings results on Wednesday. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37, Bloomberg Earnings reports. Sutherland Asset Management had a return on equity of 8.15% and a net margin of 42.78%.

Shares of Sutherland Asset Management (NYSE SLD) traded up $0.25 during mid-day trading on Wednesday, hitting $14.95. The company had a trading volume of 55,046 shares, compared to its average volume of 60,987. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.45. Sutherland Asset Management has a twelve month low of $13.55 and a twelve month high of $16.20. The company has a market cap of $476.75, a P/E ratio of 8.17 and a beta of 0.65.

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A hedge fund recently bought a new stake in Sutherland Asset Management stock. State Street Corp acquired a new position in shares of Sutherland Asset Management Corp (NYSE:SLD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 189,169 shares of the real estate investment trust’s stock, valued at approximately $2,808,000. State Street Corp owned about 0.59% of Sutherland Asset Management as of its most recent SEC filing. Institutional investors and hedge funds own 30.54% of the company’s stock.

A number of analysts have recently weighed in on SLD shares. Zacks Investment Research upgraded Sutherland Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, January 5th. JMP Securities started coverage on Sutherland Asset Management in a research report on Friday, January 5th. They set an “outperform” rating and a $17.00 target price for the company. Finally, ValuEngine downgraded Sutherland Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $16.50.

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About Sutherland Asset Management

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 for Sutherland Asset Management (NYSE:SLD)

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