B.Riley FBR Believes Sutherland Asset Management Corporation (NYSE: SLD) Won’t Stop Here

By Austin Angelo

In a report released today, Timothy P. Hayes from B.Riley FBR maintained a Buy rating on Sutherland Asset Management Corporation (NYSE: SLD), with a price target of $17.50. The company’s shares closed yesterday at $15.95, close to its 52-week high of $16.20.

According to TipRanks.com, Hayes is a 3-star analyst with an average return of 7.4% and a 85.0% success rate. Hayes covers the Financial sector, focusing on stocks such as Cherry Hill Mortgage, Main Street Capital, and Ladder Capital.

Sutherland Asset Management Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $16.75.

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The company has a one-year high of $16.20 and a one-year low of $13.55. Currently, Sutherland Asset Management Corporation has an average volume of 53.39K.

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Sutherland Asset Management Corp., a real estate investment trust, acquires, originates, manages and finances commercial mortgage real estate loans or SBC loans and real estate-related securities in the US. Its SBC loans in the range of $500,000 to $10 million.