Sutherland Asset Management Corp (SLD) Receives $17.58 Average Price Target from Analysts

Shares of Sutherland Asset Management Corp (NYSE:SLD) have received an average rating of “Buy” from the nine research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.58.

SLD has been the subject of a number of research analyst reports. B. Riley increased their price target on Sutherland Asset Management from $16.50 to $17.50 and gave the stock a “buy” rating in a report on Wednesday, June 13th. Zacks Investment Research upgraded Sutherland Asset Management from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Wednesday, July 25th. Raymond James initiated coverage on Sutherland Asset Management in a report on Monday, July 30th. They set an “outperform” rating and a $18.00 price target for the company. JMP Securities increased their price target on Sutherland Asset Management from $17.00 to $18.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 8th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $17.00 price target on shares of Sutherland Asset Management in a report on Thursday, August 9th.

A number of institutional investors have recently made changes to their positions in the stock. Farallon Capital Management LLC boosted its holdings in Sutherland Asset Management by 0.4% during the 1st 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 during the period. BlackRock Inc. boosted its holdings in Sutherland Asset Management by 6.1% during the 2nd quarter. BlackRock Inc. now owns 1,470,669 shares of the real estate investment trust’s stock valued at $23,898,000 after acquiring an additional 84,118 shares during the period. TCW Group Inc. boosted its holdings in Sutherland Asset Management by 14.1% during the 2nd quarter. TCW Group Inc. now owns 532,525 shares of the real estate investment trust’s stock valued at $8,654,000 after acquiring an additional 66,000 shares during the period. Northern Trust Corp boosted its holdings in Sutherland Asset Management by 5.2% during the 2nd quarter. Northern Trust Corp now owns 208,988 shares of the real estate investment trust’s stock valued at $3,396,000 after acquiring an additional 10,392 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Sutherland Asset Management by 120.9% during the 2nd quarter. Renaissance Technologies LLC now owns 148,899 shares of the real estate investment trust’s stock valued at $2,420,000 after acquiring an additional 81,499 shares during the period. Institutional investors own 32.16% of the company’s stock.

Shares of SLD traded up $0.05 during midday trading on Friday, reaching $16.85. The company had a trading volume of 3,887 shares, compared to its average volume of 49,470. Sutherland Asset Management has a 1-year low of $13.55 and a 1-year high of $17.30. The company has a market capitalization of $540.08 million, a PE ratio of 11.87 and a beta of 0.61. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.60.

Sutherland Asset Management (NYSE:SLD) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $35.17 million during the quarter, compared to analysts’ expectations of $16.97 million. Sutherland Asset Management had a return on equity of 9.68% and a net margin of 33.24%. equities analysts anticipate that Sutherland Asset Management will post 1.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.50%. The ex-dividend date of this dividend is Thursday, September 27th. Sutherland Asset Management’s dividend payout ratio (DPR) is 112.68%.

Sutherland Asset Management Company Profile

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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Analyst Recommendations for Sutherland Asset Management (NYSE:SLD)

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