Brokerages predict that Sutherland Asset Management Corp (NYSE:SLD) will announce $0.40 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Sutherland Asset Management’s earnings, with estimates ranging from $0.39 to $0.41. Sutherland Asset Management reported earnings of $0.37 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The company is expected to issue its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Sutherland Asset Management will report full year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.77. For the next year, analysts expect that the firm will post earnings of $1.77 per share, with EPS estimates ranging from $1.72 to $1.81. Zacks’ EPS calculations are an average based on a survey of analysts that cover Sutherland Asset Management.
Sutherland Asset Management (NYSE:SLD) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Sutherland Asset Management had a net margin of 33.24% and a return on equity of 9.68%. The firm had revenue of $35.17 million during the quarter, compared to analyst estimates of $16.97 million.
Several research analysts have commented on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Sutherland Asset Management in a research note on Monday. They set a “neutral” rating for the company. Compass Point lowered shares of Sutherland Asset Management from a “buy” rating to a “neutral” rating in a research note on Thursday, August 9th. Sandler O’Neill reaffirmed a “hold” rating and set a $17.00 price objective on shares of Sutherland Asset Management in a research note on Thursday, August 9th. Raymond James assumed coverage on shares of Sutherland Asset Management in a research note on Monday, July 30th. They set an “outperform” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research raised shares of Sutherland Asset Management from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, July 25th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.58.
NYSE SLD opened at $16.95 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.60. The firm has a market cap of $544.88 million, a price-to-earnings ratio of 11.94 and a beta of 0.61. Sutherland Asset Management has a 52 week low of $13.55 and a 52 week high of $17.30.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date is Thursday, September 27th. Sutherland Asset Management’s dividend payout ratio is currently 112.68%.
Several institutional investors and hedge funds have recently modified their holdings of SLD. Allianz Asset Management GmbH bought a new stake in shares of Sutherland Asset Management in the first quarter valued at about $1,038,000. Wells Fargo & Company MN raised its holdings in shares of Sutherland Asset Management by 78.7% in the first quarter. Wells Fargo & Company MN now owns 147,691 shares of the real estate investment trust’s stock valued at $2,237,000 after acquiring an additional 65,060 shares in the last quarter. Farallon Capital Management LLC raised its holdings in shares of Sutherland Asset Management by 0.4% in the first quarter. Farallon Capital Management LLC now owns 2,208,239 shares of the real estate investment trust’s stock valued at $33,455,000 after acquiring an additional 8,232 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Sutherland Asset Management by 2.2% in the first quarter. Northern Trust Corp now owns 198,596 shares of the real estate investment trust’s stock valued at $3,009,000 after acquiring an additional 4,363 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Sutherland Asset Management in the first quarter valued at about $362,000. 32.16% of the stock is owned by hedge funds and other institutional investors.
About Sutherland Asset Management
Sutherland Asset Management Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.
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