California Public Employees Retirement System maintained its stake in shares of Sutherland Asset Management Corp. (NYSE:SLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,200 shares of the real estate investment trust’s stock at the close of the second quarter. California Public Employees Retirement System’s holdings in Sutherland Asset Management were worth $151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. West Family Investments Inc. grew its position in shares of Sutherland Asset Management by 12.4% in the second quarter. West Family Investments Inc. now owns 585,123 shares of the real estate investment trust’s stock valued at $8,252,000 after purchasing an additional 64,694 shares in the last quarter. Vanguard Group Inc. grew its position in Sutherland Asset Management by 9.6% during the second quarter. Vanguard Group Inc. now owns 584,411 shares of the real estate investment trust’s stock worth $8,678,000 after buying an additional 51,266 shares in the last quarter. Northern Trust Corp grew its position in Sutherland Asset Management by 965.2% during the second quarter. Northern Trust Corp now owns 180,005 shares of the real estate investment trust’s stock worth $2,674,000 after buying an additional 163,107 shares in the last quarter. Morgan Stanley grew its position in Sutherland Asset Management by 1,538.6% during the first quarter. Morgan Stanley now owns 75,803 shares of the real estate investment trust’s stock worth $1,095,000 after buying an additional 71,177 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Sutherland Asset Management during the first quarter worth about $977,000. Institutional investors own 30.43% of the company’s stock.

Sutherland Asset Management Corp. (SLD) traded up $0.30 during midday trading on Friday, hitting $16.10. The stock had a trading volume of 76,707 shares, compared to its average volume of 58,339. Sutherland Asset Management Corp. has a 12 month low of $13.00 and a 12 month high of $16.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $515.14, a price-to-earnings ratio of 11.58 and a beta of 0.72.

Several research firms recently commented on SLD. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 target price on shares of Sutherland Asset Management in a research report on Friday, November 10th. B. Riley reiterated a “buy” rating on shares of Sutherland Asset Management in a report on Wednesday, November 1st. Zacks Investment Research cut Sutherland Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, FBR & Co upgraded Sutherland Asset Management from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $15.50 to $16.00 in a report on Monday, August 7th.

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Sutherland Asset Management 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.

Institutional Ownership by Quarter for Sutherland Asset Management (NYSE:SLD)

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