Kennedy Capital Management Inc. reduced its holdings in Sutherland Asset Management Corp (NYSE:SLD) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,597 shares of the real estate investment trust’s stock after selling 31,752 shares during the period. Kennedy Capital Management Inc. owned about 0.26% of Sutherland Asset Management worth $1,282,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Sutherland Asset Management during the 3rd quarter worth about $117,000. Nationwide Fund Advisors purchased a new stake in shares of Sutherland Asset Management during the 2nd quarter worth about $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sutherland Asset Management during the 3rd quarter worth about $191,000. First Trust Advisors LP purchased a new stake in shares of Sutherland Asset Management during the 3rd quarter worth about $194,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Sutherland Asset Management during the 3rd quarter worth about $225,000. 30.54% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Sandler O’Neill set a $16.00 price target on Sutherland Asset Management and gave the stock a “hold” rating in a research note on Thursday, March 22nd. B. Riley set a $17.00 price target on Sutherland Asset Management and gave the stock a “buy” rating in a research note on Wednesday, March 14th. ValuEngine downgraded Sutherland Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded Sutherland Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, JMP Securities began coverage on Sutherland Asset Management in a research note on Friday, January 5th. They issued an “outperform” rating and a $17.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Sutherland Asset Management presently has a consensus rating of “Hold” and an average target price of $16.50.
Shares of SLD stock opened at $14.65 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.44. Sutherland Asset Management Corp has a twelve month low of $13.55 and a twelve month high of $16.20. The company has a market capitalization of $468.75, a P/E ratio of 10.32 and a beta of 0.54.
Sutherland Asset Management (NYSE:SLD) last issued its quarterly earnings data on Wednesday, March 14th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. Sutherland Asset Management had a return on equity of 8.27% and a net margin of 32.36%. The business had revenue of $15.07 million for the quarter, compared to the consensus estimate of $15.74 million. research analysts forecast that Sutherland Asset Management Corp will post 1.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 30th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date of this dividend is Wednesday, March 28th. Sutherland Asset Management’s dividend payout ratio (DPR) is currently 104.23%.
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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.
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