Schwab Charles Investment Management Inc. bought a new position in shares of Sutherland Asset Management Corp. (NYSE:SLD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,000 shares of the real estate investment trust’s stock, valued at approximately $416,000. Schwab Charles Investment Management Inc. owned about 0.09% of Sutherland Asset Management Corp. at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SLD. Acadian Asset Management LLC acquired a new stake in Sutherland Asset Management Corp. in the second quarter valued at $159,000. Eqis Capital Management Inc. lifted its stake in 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 valued at $225,000 after acquiring an additional 2,790 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Sutherland Asset Management Corp. in the first quarter valued at $977,000. Morgan Stanley lifted its stake in Sutherland Asset Management Corp. by 1,538.6% in the first quarter. Morgan Stanley now owns 75,803 shares of the real estate investment trust’s stock valued at $1,095,000 after acquiring an additional 71,177 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Sutherland Asset Management Corp. by 46.5% in the first quarter. Vanguard Group Inc. now owns 533,145 shares of the real estate investment trust’s stock valued at $7,704,000 after acquiring an additional 169,212 shares during the last quarter. Institutional investors and hedge funds own 30.24% of the company’s stock.

A number of analysts have commented on SLD shares. Zacks Investment Research upgraded shares of Sutherland Asset Management Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. FBR & Co upgraded shares of Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $15.50 to $16.00 in a research note on Monday, August 7th. Finally, Keefe, Bruyette & Woods started coverage on shares of Sutherland Asset Management Corp. in a research note on Thursday, September 28th. They set a “market perform” rating and a $16.00 target price for the company.

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Shares of Sutherland Asset Management Corp. (SLD) opened at $15.15 on Tuesday. Sutherland Asset Management Corp. has a 12 month low of $12.40 and a 12 month high of $16.10. The stock has a market cap of $484.75, a PE ratio of 10.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.92 and a current ratio of 1.92.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 29th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 9.77%. The ex-dividend date was Thursday, September 28th. Sutherland Asset Management Corp.’s dividend payout ratio is 77.49%.

Sutherland Asset Management Corp. 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.

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

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