Sachem Capital (SACH) Projected to Post Quarterly Earnings on Monday

Sachem Capital (NYSEAMERICAN:SACH) is projected to announce its earnings results before the market opens on Monday, April 7th. Analysts expect the company to announce earnings of ($0.43) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Sachem Capital Stock Performance

Shares of SACH stock opened at $1.11 on Monday. Sachem Capital has a 1 year low of $1.00 and a 1 year high of $4.12. 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 firm’s fifty day moving average price is $1.15. The firm has a market cap of $52.14 million, a PE ratio of -5.84, a PEG ratio of 0.09 and a beta of 1.65.

Sachem Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.20 annualized dividend and a yield of 18.02%. Sachem Capital’s dividend payout ratio is currently -105.26%.

Analysts Set New Price Targets

SACH has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $2.50 price target (down from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Industrial Alliance Securities set a $1.25 target price on shares of Sachem Capital in a report on Friday. Finally, Alliance Global Partners reissued a “neutral” rating on shares of Sachem Capital in a research note on Friday.

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.