JPMorgan Chase & Co. Has $1.05 Million Holdings in Sutherland Asset Management Corp (SLD)
JPMorgan Chase & Co. raised its holdings in shares of Sutherland Asset Management Corp (NYSE:SLD) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,427 shares of the real estate investment trust’s stock after acquiring an additional 6,267 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of Sutherland Asset Management worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of SLD. Schwab Charles Investment Management Inc. bought a new stake in Sutherland Asset Management during the 2nd quarter valued at $416,000. Rhumbline Advisers bought a new stake in Sutherland Asset Management during the 2nd quarter valued at $265,000. Bank of New York Mellon Corp bought a new stake in Sutherland Asset Management during the 2nd quarter valued at $826,000. Swiss National Bank bought a new stake in Sutherland Asset Management during the 2nd quarter valued at $437,000. Finally, Nationwide Fund Advisors bought a new stake in Sutherland Asset Management during the 2nd quarter valued at $153,000. 30.43% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on SLD shares. B. Riley reissued a “buy” rating on shares of Sutherland Asset Management in a report on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 target price on shares of Sutherland Asset Management in a report on Friday, November 10th. Zacks Investment Research cut shares of Sutherland Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, JMP Securities started coverage on shares of Sutherland Asset Management in a report on Friday, January 5th. They set an “outperform” rating and a $17.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sutherland Asset Management has a consensus rating of “Buy” and a consensus price target of $16.50.
Sutherland Asset Management Corp (NYSE SLD) opened at $15.15 on Friday. The firm has a market cap of $484.75, a price-to-earnings ratio of 7.81 and a beta of 0.72. Sutherland Asset Management Corp has a 1-year low of $13.00 and a 1-year high of $16.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.45 and a quick ratio of 2.45.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.37 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.48 annualized dividend and a dividend yield of 9.77%. Sutherland Asset Management’s payout ratio is currently 76.29%.
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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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