Sutherland Asset Management (NYSE:SLD) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37, Bloomberg Earnings reports. Sutherland Asset Management had a net margin of 42.78% and a return on equity of 8.15%.
Sutherland Asset Management (NYSE:SLD) traded up $0.25 during trading on Wednesday, reaching $14.95. 55,046 shares of the company’s stock traded hands, compared to its average volume of 60,987. The firm has a market cap of $476.75, a price-to-earnings ratio of 8.17 and a beta of 0.65. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.45. Sutherland Asset Management has a 1 year low of $13.55 and a 1 year high of $16.20.
An institutional investor recently bought a new position in Sutherland Asset Management stock. State Street Corp acquired a new stake in Sutherland Asset Management Corp (NYSE:SLD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 189,169 shares of the real estate investment trust’s stock, valued at approximately $2,808,000. State Street Corp owned 0.59% of Sutherland Asset Management as of its most recent filing with the SEC. 30.54% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on SLD. JMP Securities began coverage on shares of 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. Zacks Investment Research upgraded shares of Sutherland Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, January 5th. Finally, ValuEngine lowered shares of Sutherland Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sutherland Asset Management presently has an average rating of “Buy” and an average target price of $16.50.
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Sutherland Asset Management 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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