Keefe, Bruyette & Woods Reiterates “Hold” Rating for Sutherland Asset Management Corp. (SLD)

Sutherland Asset Management Corp. (NYSE:SLD)‘s stock had its “hold” rating reissued by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They presently have a $16.00 price target on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 3.56% from the company’s previous close.

Several other equities research analysts have also commented on SLD. Zacks Investment Research upgraded Sutherland Asset Management Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co upgraded Sutherland Asset Management Corp. 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 research note on Monday, August 7th. Finally, B. Riley restated a “buy” rating on shares of Sutherland Asset Management Corp. in a research note on Wednesday, November 1st.

Shares of Sutherland Asset Management Corp. (NYSE:SLD) opened at $15.45 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $494.34, a price-to-earnings ratio of 11.12 and a beta of 0.69. Sutherland Asset Management Corp. has a 12 month low of $12.45 and a 12 month high of $16.10.

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Several large investors have recently bought and sold shares of SLD. JPMorgan Chase & Co. increased its stake in shares of Sutherland Asset Management Corp. by 5.5% in the 1st quarter. JPMorgan Chase & Co. now owns 58,752 shares of the real estate investment trust’s stock worth $849,000 after purchasing an additional 3,046 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Sutherland Asset Management Corp. by 46.5% in the 1st quarter. Vanguard Group Inc. now owns 533,145 shares of the real estate investment trust’s stock worth $7,704,000 after buying an additional 169,212 shares during the period. Morgan Stanley boosted its holdings in Sutherland Asset Management Corp. by 1,538.6% in the 1st 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 during the period. Goldman Sachs Group Inc. bought a new position in Sutherland Asset Management Corp. in the 1st quarter worth $977,000. Finally, Eqis Capital Management Inc. boosted its holdings in Sutherland Asset Management Corp. by 22.6% in the 2nd quarter. Eqis Capital Management Inc. now owns 15,138 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 2,790 shares during the period. Hedge funds and other institutional investors own 30.24% 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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