Sachem Capital (SACH) to Release Earnings on Monday

Sachem Capital (NYSEAMERICAN:SACH) is expected to be issuing its quarterly earnings data before the market opens on Monday, April 7th. Analysts expect Sachem Capital to post earnings of ($0.43) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Sachem Capital Price Performance

NYSEAMERICAN:SACH opened at $1.04 on Friday. Sachem Capital has a 1 year low of $1.00 and a 1 year high of $3.68. The stock’s fifty day moving average is $1.14. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $48.85 million, a P/E ratio of -5.47, a P/E/G ratio of 0.09 and a beta of 1.65.

Sachem Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 19.23%. The ex-dividend date of this dividend was Monday, March 17th. Sachem Capital’s payout ratio is -105.26%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SACH shares. Alliance Global Partners reaffirmed a “neutral” rating on shares of Sachem Capital in a research note on Friday, March 28th. LADENBURG THALM/SH SH restated a “neutral” rating on shares of Sachem Capital in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and set a $2.50 price target (down from $4.00) on shares of Sachem Capital in a research report on Friday, December 6th. Finally, Industrial Alliance Securities set a $1.25 price target on shares of Sachem Capital in a research note on Friday, March 28th.

About Sachem Capital

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.