Swiss National Bank acquired a new stake in Sutherland Asset Management Corp. (NYSE:SLD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 29,400 shares of the real estate investment trust’s stock, valued at approximately $437,000. Swiss National Bank owned approximately 0.10% of Sutherland Asset Management Corp. at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in Sutherland Asset Management Corp. in the 2nd quarter valued at about $159,000. BlueCrest Capital Management Ltd acquired a new stake in Sutherland Asset Management Corp. during the first quarter worth approximately $163,000. Eqis Capital Management Inc. lifted its position in Sutherland Asset Management Corp. by 22.6% during the second quarter. Eqis Capital Management Inc. now owns 15,138 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 2,790 shares during the last quarter. Rhumbline Advisers acquired a new stake in Sutherland Asset Management Corp. during the second quarter worth approximately $265,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Sutherland Asset Management Corp. during the second quarter worth approximately $416,000. Institutional investors own 30.24% of the company’s stock.
Shares of Sutherland Asset Management Corp. (NYSE SLD) traded up $0.05 during trading hours on Friday, reaching $15.45. 61,600 shares of the company were exchanged, compared to its average volume of 87,816. The company has a market capitalization of $492.74, a PE ratio of 11.08 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.92 and a quick ratio of 1.92. Sutherland Asset Management Corp. has a fifty-two week low of $12.45 and a fifty-two week high of $16.10.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 29th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a yield of 9.58%. Sutherland Asset Management Corp.’s dividend payout ratio (DPR) is 80.87%.
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A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sutherland Asset Management Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 price target on shares of Sutherland Asset Management Corp. in a research report on Friday. B. Riley reiterated a “buy” rating on shares of Sutherland Asset Management Corp. in a research report on Wednesday, November 1st. Finally, FBR & Co upgraded shares of Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $15.50 to $16.00 in a research report on Monday, August 7th.
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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