Sutherland Asset Management Corp. (SLD) Set to Announce Earnings on Wednesday
Sutherland Asset Management Corp. (NYSE:SLD) will announce its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Sutherland Asset Management Corp. (NYSE:SLD) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $6.92 million during the quarter, compared to the consensus estimate 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 expect Sutherland Asset Management Corp. to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Sutherland Asset Management Corp. (NYSE:SLD) traded down $0.12 during trading hours on Monday, hitting $15.23. 9,665 shares of the company traded hands, compared to its average volume of 56,624. The stock has a market cap of $491.14, a P/E ratio of 10.37 and a beta of 0.69. Sutherland Asset Management Corp. has a fifty-two week low of $12.40 and a fifty-two week high of $16.10. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.25.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.72%. The ex-dividend date was Thursday, September 28th. Sutherland Asset Management Corp.’s payout ratio is 77.08%.
Several brokerages recently issued reports on SLD. Zacks Investment Research downgraded shares of Sutherland Asset Management Corp. from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Keefe, Bruyette & Woods began coverage on shares of Sutherland Asset Management Corp. in a report on Thursday, September 28th. They set a “market perform” rating and a $16.00 price target for the company. Finally, FBR & Co raised shares of Sutherland Asset Management Corp. from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $15.50 to $16.00 in a report on Monday, August 7th.
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An institutional investor recently bought a new position in Sutherland Asset Management Corp. stock. State Street Corp purchased a new stake in shares of Sutherland Asset Management Corp. (NYSE:SLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 189,169 shares of the real estate investment trust’s stock, valued at approximately $2,808,000. State Street Corp owned about 0.59% of Sutherland Asset Management Corp. as of its most recent SEC filing. 30.24% of the stock is currently owned by hedge funds and other 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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