Sutherland Asset Management Corp (NYSE:SLD) Announces $0.37 Quarterly Dividend

Sutherland Asset Management Corp (NYSE:SLD) declared a quarterly dividend on Thursday, March 15th, Wall Street Journal reports. Stockholders of record on Friday, March 30th will be paid a dividend of 0.37 per share by the real estate investment trust on Monday, April 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.10%. The ex-dividend date of this dividend is Wednesday, March 28th.

Sutherland Asset Management has a dividend payout ratio of 105.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sutherland Asset Management to earn $1.70 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 87.1%.

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Shares of SLD stock traded up $0.05 during trading hours on Friday, reaching $14.65. 31,670 shares of the company’s stock were exchanged, compared to its average volume of 66,811. Sutherland Asset Management has a fifty-two week low of $13.55 and a fifty-two week high of $16.20. The firm has a market cap of $467.15, a PE ratio of 10.32 and a beta of 0.54. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.44.

Sutherland Asset Management (NYSE:SLD) last issued its quarterly earnings results on Wednesday, March 14th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Sutherland Asset Management had a return on equity of 8.27% and a net margin of 32.36%. The company had revenue of $15.07 million during the quarter, compared to analyst estimates of $15.74 million. equities analysts predict that Sutherland Asset Management will post 1.55 EPS for the current fiscal year.

An institutional investor recently bought a new position in Sutherland Asset Management stock. State Street Corp bought a new position in shares of Sutherland Asset Management Corp (NYSE:SLD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 filing with the Securities & Exchange Commission. 30.54% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on SLD. Sandler O’Neill set a $16.00 price objective on Sutherland Asset Management and gave the company a “hold” rating in a research report on Thursday, March 22nd. B. Riley set a $17.00 price objective on Sutherland Asset Management and gave the company a “buy” rating in a research report on Wednesday, March 14th. ValuEngine cut Sutherland Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut Sutherland Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, JMP Securities began coverage on Sutherland Asset Management in a research report on Friday, January 5th. They set an “outperform” rating and a $17.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Sutherland Asset Management presently has a consensus rating of “Hold” and a consensus price target 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.

Dividend History for Sutherland Asset Management (NYSE:SLD)

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