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

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 upgraded Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $15.50 to $16.00 in a research note on Monday, August 7th.

Sutherland Asset Management Corp. (NYSE:SLD) opened at 15.70 on Thursday. The firm’s 50-day moving average price is $15.12 and its 200 day moving average price is $14.69. Sutherland Asset Management Corp. has a 12-month low of $12.40 and a 12-month high of $16.05. The stock has a market capitalization of $502.34 million, a P/E ratio of 8.74 and a beta of 0.68.

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

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A number of large investors have recently added to or reduced their stakes in the business. Archford Capital Strategies LLC lifted its stake in Sutherland Asset Management Corp. by 3,336.4% during the second quarter. Archford Capital Strategies LLC now owns 81,167 shares of the real estate investment trust’s stock worth $8,951,000 after purchasing an additional 78,805 shares in the last quarter. California State Teachers Retirement System acquired a new position in Sutherland Asset Management Corp. during the second quarter worth $446,000. The Manufacturers Life Insurance Company lifted its stake in Sutherland Asset Management Corp. by 997.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,299 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 13,905 shares in the last quarter. State Street Corp acquired a new position in Sutherland Asset Management Corp. during the second quarter worth $2,808,000. Finally, Balyasny Asset Management LLC acquired a new position in Sutherland Asset Management Corp. during the second quarter worth $155,000. Institutional investors own 30.22% of the company’s stock.

About Sutherland Asset Management Corp.

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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