Franklin Resources Inc. held its position in shares of Sutherland Asset Management Corp. (NYSE:SLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the real estate investment trust’s stock at the close of the second quarter. Franklin Resources Inc.’s holdings in Sutherland Asset Management Corp. were worth $149,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Sutherland Asset Management Corp. in the second quarter worth $159,000. BlueCrest Capital Management Ltd bought a new position in shares of Sutherland Asset Management Corp. in the first quarter worth $163,000. Oxford Asset Management bought a new position in shares of Sutherland Asset Management Corp. in the first quarter worth $205,000. Eqis Capital Management Inc. grew its stake in shares of Sutherland Asset Management Corp. by 22.6% in the second quarter. Eqis Capital Management Inc. now owns 15,138 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Sutherland Asset Management Corp. in the second quarter worth $265,000. 30.22% of the stock is owned by institutional investors.

Sutherland Asset Management Corp. (SLD) opened at 15.85 on Friday. The company has a market cap of $507.14 million, a PE ratio of 8.82 and a beta of 0.69. The stock has a 50 day moving average price of $15.54 and a 200 day moving average price of $14.90. Sutherland Asset Management Corp. has a 1-year low of $12.40 and a 1-year high of $16.10.

Sutherland Asset Management Corp. (NYSE:SLD) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Sutherland Asset Management Corp. had a return on equity of 8.19% and a net margin of 42.38%. The firm had revenue of $6.92 million during the quarter, compared to the consensus estimate of $16.68 million. Equities analysts forecast that Sutherland Asset Management Corp. will post $1.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.48 annualized dividend and a yield of 9.34%. Sutherland Asset Management Corp.’s payout ratio is 77.08%.

Several research analysts have recently issued reports on SLD shares. Zacks Investment Research raised Sutherland Asset Management Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co raised Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $15.50 to $16.00 in a research note on Monday, August 7th. Finally, Keefe, Bruyette & Woods started coverage on Sutherland Asset Management Corp. in a research note on Thursday, September 28th. They issued a “market perform” rating and a $16.00 price target for the company.

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Sutherland Asset Management Corp. 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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Institutional Ownership by Quarter for Sutherland Asset Management  Corp. (NYSE:SLD)

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