Sachem Capital (SACH) to Release Earnings on Thursday

Sachem Capital (NYSEAMERICAN:SACH) is anticipated to release its earnings data before the market opens on Thursday, March 27th. Analysts expect Sachem Capital to post earnings of ($0.46) per share and revenue of $14.49 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Sachem Capital Stock Performance

Shares of NYSEAMERICAN SACH opened at $1.15 on Tuesday. The firm has a market cap of $54.02 million, a P/E ratio of -6.05, a P/E/G ratio of 0.09 and a beta of 1.65. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $1.16. Sachem Capital has a 52-week low of $1.00 and a 52-week high of $4.54.

Sachem Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 17.39%. The ex-dividend date is Monday, March 17th. Sachem Capital’s dividend payout ratio (DPR) is currently -105.26%.

Analyst Ratings Changes

Separately, Oppenheimer reiterated an “outperform” rating and issued a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

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.