Sandler O’Neill set a $16.00 price objective on Sutherland Asset Management (NYSE:SLD) in a research note issued to investors on Thursday. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Sutherland Asset Management from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Friday, January 5th. JMP Securities initiated coverage on shares of Sutherland Asset Management in a research report on Friday, January 5th. They issued an outperform rating and a $17.00 price target on the stock. ValuEngine downgraded shares of Sutherland Asset Management from a buy rating to a hold rating in a research report on Wednesday, March 7th. Finally, B. Riley set a $17.00 price target on shares of Sutherland Asset Management and gave the stock a buy rating in a research report on Wednesday, March 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $16.50.

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Sutherland Asset Management stock traded up $0.20 during trading hours on Thursday, reaching $14.65. 23,892 shares of the company traded hands, compared to its average volume of 60,693. The company has a current ratio of 2.04, a quick ratio of 2.45 and a debt-to-equity ratio of 0.44. Sutherland Asset Management has a twelve month low of $13.55 and a twelve month high of $16.20. The firm has a market cap of $467.15, a P/E ratio of 10.35 and a beta of 0.65.

Sutherland Asset Management (NYSE:SLD) last posted its earnings results on Wednesday, March 14th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Sutherland Asset Management had a net margin of 32.36% and a return on equity of 8.27%. The business had revenue of $15.07 million for the quarter, compared to the consensus estimate of $15.74 million. equities analysts predict that Sutherland Asset Management will post 1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be given a $0.37 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.10%. Sutherland Asset Management’s dividend payout ratio (DPR) is currently 107.25%.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Sutherland Asset Management in the 3rd quarter worth approximately $117,000. MetLife Investment Advisors LLC acquired a new position in shares of Sutherland Asset Management during the 4th quarter valued at $133,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sutherland Asset Management during the 3rd quarter valued at $191,000. First Trust Advisors LP acquired a new position in shares of Sutherland Asset Management during the 3rd quarter valued at $194,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Sutherland Asset Management by 267.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,824 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 10,063 shares during the period. Hedge funds and other institutional investors own 30.54% of the company’s stock.

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About Sutherland Asset Management

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.

Analyst Recommendations for Sutherland Asset Management (NYSE:SLD)

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