Sutherland Asset Management Corp. (SLD) Given Daily Coverage Optimism Score of 0.43
News articles about Sutherland Asset Management Corp. (NYSE:SLD) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sutherland Asset Management Corp. earned a media sentiment score of 0.43 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 48.0202603048541 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Sutherland Asset Management Corp. (NYSE SLD) traded up 0.32% during trading on Friday, reaching $15.90. 53,103 shares of the company’s stock were exchanged. The firm has a market cap of $508.74 million, a P/E ratio of 8.85 and a beta of 0.69. The stock’s 50 day moving average price is $15.54 and its 200 day moving average price is $14.90. Sutherland Asset Management Corp. has a 52-week low of $12.40 and a 52-week high of $16.10.
Sutherland Asset Management Corp. (NYSE:SLD) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Sutherland Asset Management Corp. had a net margin of 42.38% and a return on equity of 8.19%. The firm had revenue of $6.92 million for the quarter, compared to analyst estimates of $16.68 million. Equities research analysts anticipate that Sutherland Asset Management Corp. will post $1.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 9.31%. The ex-dividend date of this dividend is Thursday, September 28th. Sutherland Asset Management Corp.’s dividend payout ratio (DPR) is presently 77.08%.
A number of equities 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 report on Thursday, September 14th. FBR & Co upgraded shares of Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $15.50 to $16.00 in a research report on Monday, August 7th. Finally, Keefe, Bruyette & Woods started coverage on shares of Sutherland Asset Management Corp. in a research report on Thursday, September 28th. They issued a “market perform” rating and a $16.00 price target on the stock.
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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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