Sachem Capital (NYSEAMERICAN:SACH) Stock Price Down 0.9%

Sachem Capital Corp. (NYSEAMERICAN:SACHGet Free Report)’s stock price was down 0.9% on Monday . The company traded as low as $2.75 and last traded at $2.77. Approximately 326,153 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 336,243 shares. The stock had previously closed at $2.79.

Wall Street Analyst Weigh In

Several analysts recently commented on SACH shares. Alliance Global Partners started coverage on shares of Sachem Capital in a research note on Monday, March 18th. They set a “buy” rating and a $4.50 target price for the company. Oppenheimer cut their target price on shares of Sachem Capital from $5.00 to $4.50 and set an “outperform” rating for the company in a research note on Monday, May 20th.

Read Our Latest Report on Sachem Capital

Sachem Capital Stock Down 0.9 %

The firm has a market capitalization of $131.20 million, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.15 and a beta of 1.75. The business’s 50 day moving average is $3.67. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.11.

Sachem Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Tuesday, April 9th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 15.91%. The ex-dividend date was Monday, April 8th. Sachem Capital’s dividend payout ratio is presently 169.24%.

Institutional Investors Weigh In On Sachem Capital

Hedge funds have recently made changes to their positions in the company. Jump Financial LLC lifted its position in shares of Sachem Capital by 112.2% in the 4th quarter. Jump Financial LLC now owns 75,628 shares of the company’s stock valued at $283,000 after acquiring an additional 39,984 shares in the last quarter. US Financial Advisors LLC lifted its position in shares of Sachem Capital by 9.9% in the 4th quarter. US Financial Advisors LLC now owns 362,188 shares of the company’s stock valued at $1,355,000 after acquiring an additional 32,618 shares in the last quarter. Citigroup Inc. acquired a new position in Sachem Capital in the 3rd quarter valued at approximately $706,000. B. Riley Wealth Advisors Inc. acquired a new position in Sachem Capital in the 3rd quarter valued at approximately $41,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Sachem Capital in the 4th quarter valued at approximately $53,000. Hedge funds and other institutional investors own 18.07% of the company’s stock.

Sachem Capital Company Profile

(Get Free Report)

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.

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