Sutherland Asset Management (SLD) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Sutherland Asset Management (NYSE:SLD) from a hold rating to a buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $17.00 target price on the real estate investment trust’s stock.

According to Zacks, “Sutherland Asset Management Corporation is a commercial mortgage REIT. The company is a real estate finance company which acquires, originates, manages, services and finances primarily small balance commercial loans. It also invests in asset-backed securities and other real estate-related investments. Sutherland Asset Management Corporation, formerly known as ZAIS Financial Corp., is based in New York. “

A number of other research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods reiterated a hold rating and issued a $16.00 target price on shares of Sutherland Asset Management in a report on Friday, November 10th. B. Riley reiterated a buy rating on shares of Sutherland Asset Management in a report on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $16.50.

Shares of Sutherland Asset Management (NYSE:SLD) traded up $0.10 during trading on Friday, reaching $15.20. The company had a trading volume of 102,209 shares, compared to its average volume of 69,237. Sutherland Asset Management has a 52-week low of $13.00 and a 52-week high of $16.20. The firm has a market capitalization of $483.15, a PE ratio of 8.31 and a beta of 0.68. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.45.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date is Thursday, December 28th. Sutherland Asset Management’s payout ratio is currently 80.87%.

A number of institutional investors have recently modified their holdings of SLD. SG Americas Securities LLC acquired a new position in Sutherland Asset Management in the third quarter valued at $117,000. Nationwide Fund Advisors purchased a new position in Sutherland Asset Management in the second quarter valued at about $153,000. Balyasny Asset Management LLC purchased a new position in Sutherland Asset Management in the second quarter valued at about $155,000. Hillsdale Investment Management Inc. purchased a new position in Sutherland Asset Management in the second quarter valued at about $156,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Sutherland Asset Management in the third quarter valued at about $191,000. Hedge funds and other institutional investors own 30.43% of the company’s stock.

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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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