Every New York stock exchange trading day I'm posting a daily dividend stock or fund review. I'll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I've named the Safari to Sweet Success.

This week the portfolio I'm building (my Safari To Sweet Success portfolio) seeks a high-yield and growing stock in the real estate sector. That real estate sector includes nine industries all related to real property ownership. The industries are: general real estate; Real eatate services; and seven varieties of real estate investment trusts: diversified, healthcare facilities, hotel & motel, industrial, office, residential, and retail.

Today I'm reviewing a small-cap diversified real estate investment trust or REIT. The trust's name is Sutherland Asset Management Corporation. Its trading ticker symbol is SLD.  

Sutherland Asset Management Corp is a real estate finance company that acquires, originates, manages, services and finances small balance commercial loans, Small Business Administration loans, residential mortgage loans, and mortgage-backed securities.

It operates through four segments: Loan Acquisitions; SBC Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking. 

The Loan Acquisitions segment acquires performing and non-performing SBC loans. The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using various loan origination channels; and originates and services multi-family loan products. 

The SBA Originations, Acquisitions and Servicing segment acquires, originates, and services owner-occupied loans guaranteed by the SBA. 

The Residential Mortgage Banking segment originates residential mortgage loans through retail, correspondent, and broker channels. 

The company qualifies as a REIT for federal income tax purposes. It generally is not a subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. 

Sutherland Asset Management Corporation was founded in 2007 and is headquartered in New York, New York.

I use three key data points to a gauge in the value of any dividend equity or fund like Sutherland Asset Management Corporation (SLD): 

(1) Price

(2) Dividends

(3) Returns

After those three, four more keys will finally unlock an equity or fund in which to invest. 

No matter what, it's the first three primary traits that best tell whether a company has made, is making, and will make money. 

SLD Price

Sutherland's price was $16.00 per share at yesterday's market close. A year ago its price was $15.15 for a gain of $0.85 per share in the past year.  

Assuming Sutherland's price will continue to trade in the range of $13.00 to $17.00 next year, its price could grow another $0.85 from $16.00 to $16.85 by June 12, 2019. 

SLD Dividends

Sutherland's most recently declared monthly dividend was $0.37 per share paid in March.  That $0.37 monthly dividend equates to an estimated annual payout of $1.48 for 2018-19 which yields 9.25% at yesterday's $16.00 closing stock price.  

Gains For SLD?

Sutherland's $0.85 estimated year over year price gain plus an anticipated dividend of  $1.40 makes a projected gross annual gain of $2.25 per share, which will be reduced by the costs to trade those shares.  

A little over $1,000.00 invested today at the $16.00 price buys 63 shares. 

A $10 broker fee paid half at purchase and half at sale subtracts $0.16 per share.

Taking that $0.16 brokerage cost out of the estimated $2.25 gross gain per share leaves a net gain of $2.09 X 63 shares = $131.67 or a 13% potential net gain on a $1,008.00 investment.

Therefore, Sutherland Asset Management Corporation  (whose ticker symbol is SLD), now shows a possible 13% net gain including a 9.25% dividend yield. 

Five analysts cover this stock:

Two say "buy" SLD.

One says SLD will "outperform."

Two say "hold" the stock.

The median analyst recommendation is 1.88 or "Outperform" and their median price target is $0.40 under my estimated $0.70 gain.

Y Charts rates SLD "not yet rated" for an overall "Y" rating. Y Charts also shows "insufficient data" for a Value score of 10 out of ten points. And YCharts ranks SLD "average" with 6 out of 10  possible Fundamental points. Y Charts Historic Valuation score is 99.75% overvalued, based on an $8.01 historic value multiple.

You could look at all those numbers like this:  Sutherland Asset Management Corporation  (SLD) has made money, is making money, and could net a 13% to 10.5% net gain next year including a 9.25% annual dividend yield paid out monthly. It could be more, it could be less.

The above speculation is conjecture based on past year performance. Actual results remain to be seen. They could turn out to be far higher or lower. More study is required for you to determine if Sutherland Asset Management Corporation (SLD) is worth your time and money.