Brokerages Expect Sutherland Asset Management Corp (SLD) Will Post Quarterly Sales of $18.24 Million

Equities research analysts predict that Sutherland Asset Management Corp (NYSE:SLD) will post sales of $18.24 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sutherland Asset Management’s earnings, with estimates ranging from $17.60 million to $18.89 million. Sutherland Asset Management posted sales of $16.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The business is expected to issue its next earnings results on Wednesday, November 14th.

On average, analysts expect that Sutherland Asset Management will report full year sales of $67.65 million for the current year, with estimates ranging from $65.50 million to $69.81 million. For the next fiscal year, analysts expect that the company will post sales of $82.55 million per share, with estimates ranging from $76.60 million to $88.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Sutherland Asset Management.

Sutherland Asset Management (NYSE:SLD) last issued its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Sutherland Asset Management had a return on equity of 9.68% and a net margin of 33.24%. The business had revenue of $35.17 million for the quarter, compared to the consensus estimate of $16.97 million.

Several analysts have commented on SLD shares. Zacks Investment Research upgraded Sutherland Asset Management from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Saturday, May 12th. Compass Point downgraded Sutherland Asset Management from a “buy” rating to a “neutral” rating in a research note on Thursday, August 9th. B. Riley set a $17.00 target price on Sutherland Asset Management and gave the company a “buy” rating in a research note on Thursday, May 10th. Raymond James started coverage on Sutherland Asset Management in a research note on Monday, July 30th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Sandler O’Neill reiterated a “hold” rating and set a $17.00 target price on shares of Sutherland Asset Management in a research note on Thursday, August 9th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.58.

SLD traded up $0.20 during trading on Friday, hitting $16.75. 27,800 shares of the company’s stock traded hands, compared to its average volume of 57,283. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.60. Sutherland Asset Management has a 12-month low of $13.55 and a 12-month high of $16.75. The company has a market cap of $525.65 million, a price-to-earnings ratio of 11.76 and a beta of 0.67.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, June 29th were paid a $0.40 dividend. This is an increase from Sutherland Asset Management’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date was Thursday, June 28th. Sutherland Asset Management’s dividend payout ratio (DPR) is 112.68%.

Several hedge funds have recently added to or reduced their stakes in SLD. TCW Group Inc. boosted its stake in shares of Sutherland Asset Management by 26.4% in the 1st quarter. TCW Group Inc. now owns 466,525 shares of the real estate investment trust’s stock worth $7,068,000 after buying an additional 97,346 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Sutherland Asset Management by 6.1% in the 2nd quarter. BlackRock Inc. now owns 1,470,669 shares of the real estate investment trust’s stock worth $23,898,000 after buying an additional 84,118 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sutherland Asset Management by 120.9% in the 2nd quarter. Renaissance Technologies LLC now owns 148,899 shares of the real estate investment trust’s stock worth $2,420,000 after buying an additional 81,499 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Sutherland Asset Management in the 1st quarter worth $1,038,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Sutherland Asset Management by 78.7% in the 1st quarter. Wells Fargo & Company MN now owns 147,691 shares of the real estate investment trust’s stock worth $2,237,000 after buying an additional 65,060 shares during the last quarter. Hedge funds and other institutional investors own 30.72% of the company’s stock.

About Sutherland Asset Management

Sutherland Asset Management Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.

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