Sutherland Asset Management Corp. (NYSE:SLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “Sutherland Asset Management Corporation is a commercial mortgage REIT. The company is a real estate finance company which acquires, originates, manages, services and finances primarily small balance commercial loans. It also invests in asset-backed securities and other real estate-related investments. Sutherland Asset Management Corporation, formerly known as ZAIS Financial Corp., is based in New York. “

Separately, FBR & Co raised shares of Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $15.50 to $16.00 in a report on Monday, August 7th.

Sutherland Asset Management Corp. (NYSE SLD) opened at 15.15 on Friday. The firm has a 50-day moving average of $14.76 and a 200 day moving average of $14.49. The stock has a market capitalization of $484.74 million, a price-to-earnings ratio of 8.43 and a beta of 0.69. Sutherland Asset Management Corp. has a 12-month low of $12.40 and a 12-month high of $15.95.

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

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Several hedge funds have recently modified their holdings of SLD. Nationwide Fund Advisors acquired a new stake in shares of Sutherland Asset Management Corp. during the second quarter worth $153,000. Balyasny Asset Management LLC acquired a new stake in shares of Sutherland Asset Management Corp. during the second quarter worth $155,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Sutherland Asset Management Corp. during the second quarter worth $156,000. Acadian Asset Management LLC acquired a new stake in shares of Sutherland Asset Management Corp. during the second quarter worth $159,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Sutherland Asset Management Corp. during the first quarter worth $163,000. 28.70% of the stock is currently owned by institutional investors.

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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