FBR & Co Comments on Sutherland Asset Management Corp.’s Q1 2018 Earnings (NYSE:SLD)

Sutherland Asset Management Corp. (NYSE:SLD) – Equities researchers at FBR & Co issued their Q1 2018 EPS estimates for Sutherland Asset Management Corp. in a research note issued on Monday, according to Zacks Investment Research. FBR & Co analyst J. Levi-Ribner forecasts that the real estate investment trust will earn $0.37 per share for the quarter. FBR & Co currently has a “Outperform” rating and a $16.00 target price 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.

WARNING: “FBR & Co Comments on Sutherland Asset Management Corp.’s Q1 2018 Earnings (NYSE:SLD)” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/12/analysts-issue-forecasts-for-sutherland-asset-management-corp-s-q1-2018-earnings-sld.html.

A number of other research firms have also recently weighed in on SLD. B. Riley restated a “buy” rating on shares of Sutherland Asset Management Corp. in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Sutherland Asset Management Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 price objective on shares of Sutherland Asset Management Corp. in a research note on Friday.

Sutherland Asset Management Corp. (SLD) opened at $15.45 on Wednesday. Sutherland Asset Management Corp. has a 12-month low of $12.45 and a 12-month high of $16.10. The company has a market cap of $492.74, a PE ratio of 11.08 and a beta of 0.69. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.25.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.48 annualized dividend and a dividend yield of 9.58%. Sutherland Asset Management Corp.’s payout ratio is 80.87%.

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Sutherland Asset Management Corp. by 5.5% in the first quarter. JPMorgan Chase & Co. now owns 58,752 shares of the real estate investment trust’s stock valued at $849,000 after buying an additional 3,046 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Sutherland Asset Management Corp. by 46.5% during the first quarter. Vanguard Group Inc. now owns 533,145 shares of the real estate investment trust’s stock worth $7,704,000 after buying an additional 169,212 shares during the period. Morgan Stanley increased its stake in shares of Sutherland Asset Management Corp. by 1,538.6% during the first quarter. Morgan Stanley now owns 75,803 shares of the real estate investment trust’s stock worth $1,095,000 after buying an additional 71,177 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Sutherland Asset Management Corp. during the first quarter worth approximately $163,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Sutherland Asset Management Corp. during the first quarter worth approximately $977,000. 30.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Sutherland Asset Management Corp. (SLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sutherland Asset Management  Corp. (NYSE:SLD)

Receive News & Ratings for Sutherland Asset Management Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sutherland Asset Management Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply