Sachem Capital (NYSEAMERICAN:SACH) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Sachem Capital (NYSEAMERICAN:SACH) from a buy rating to a hold rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Sachem Capital Corp. is a real estate finance company. It specializing in originating, underwriting, funding, servicing and managing a portfolio of short-term, hard money real estate loans. Sachem Capital Corp. is based in Brandford, United States. “

Separately, Aegis reaffirmed a buy rating and set a $8.00 target price on shares of Sachem Capital in a research report on Monday, October 25th.

NYSEAMERICAN:SACH opened at $6.05 on Wednesday. Sachem Capital has a 1 year low of $4.08 and a 1 year high of $6.55. The stock has a market capitalization of $178.13 million, a price-to-earnings ratio of 14.07 and a beta of 1.22.

Sachem Capital (NYSEAMERICAN:SACH) last released its quarterly earnings data on Thursday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Sachem Capital had a return on equity of 9.91% and a net margin of 42.64%. Equities research analysts predict that Sachem Capital will post 0.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 10th. Shareholders of record on Friday, December 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $0.48 annualized dividend and a dividend yield of 7.93%. Sachem Capital’s dividend payout ratio is currently 111.63%.

Large investors have recently bought and sold shares of the stock. Barclays PLC raised its holdings in Sachem Capital by 245.9% during the 3rd quarter. Barclays PLC now owns 6,586 shares of the company’s stock valued at $36,000 after acquiring an additional 4,682 shares during the period. Personal CFO Solutions LLC bought a new stake in Sachem Capital in the third quarter worth $55,000. Financial Advisory Group bought a new stake in Sachem Capital in the third quarter worth $68,000. B. Riley Wealth Management Inc. bought a new position in shares of Sachem Capital during the second quarter valued at about $70,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Sachem Capital during the second quarter valued at about $76,000. 14.23% of the stock is currently owned by institutional investors.

About Sachem Capital

Sachem Capital Corp. is a real estate finance company, which engages in the provision of real estate investment trust services. The firm specializes in originating, underwriting, funding, servicing, and managing services for a portfolio of short-term loans. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or development of residential and commercial properties.

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