Sutherland Asset Management (NYSE:SLD) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37, Bloomberg Earnings reports. Sutherland Asset Management had a return on equity of 8.15% and a net margin of 42.78%.
Sutherland Asset Management (NYSE SLD) traded up $0.25 on Wednesday, reaching $14.95. The company had a trading volume of 55,046 shares, compared to its average volume of 60,987. The company has a market cap of $476.75, a P/E ratio of 8.17 and a beta of 0.65. Sutherland Asset Management has a twelve month low of $13.55 and a twelve month 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.
A hedge fund recently bought a new stake in Sutherland Asset Management stock. State Street Corp bought a new stake in shares of Sutherland Asset Management Corp (NYSE:SLD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 189,169 shares of the real estate investment trust’s stock, valued at approximately $2,808,000. State Street Corp owned 0.59% of Sutherland Asset Management as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 30.54% of the company’s stock.
Several analysts recently issued reports on SLD shares. Zacks Investment Research upgraded Sutherland Asset Management from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, January 5th. JMP Securities started coverage on Sutherland Asset Management in a research note on Friday, January 5th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, ValuEngine downgraded Sutherland Asset Management from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Sutherland Asset Management currently has a consensus rating of “Buy” and a consensus price target of $16.50.
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.
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