Sachem Capital’s (SACH) Neutral Rating Reiterated at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH reiterated their neutral rating on shares of Sachem Capital (NYSEAMERICAN:SACH) in a research note issued to investors on Thursday, MarketBeat.com reports.

Several other equities analysts also recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and set a $2.50 target price (down from $4.00) on shares of Sachem Capital in a research report on Friday, December 6th. Industrial Alliance Securities set a $1.25 price target on Sachem Capital in a report on Friday, March 28th. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Sachem Capital in a research report on Friday, March 28th.

Sachem Capital Stock Performance

SACH stock opened at $1.04 on Thursday. 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 company has a 50 day moving average of $1.14. The stock has a market cap of $48.85 million, a price-to-earnings ratio of -5.47, a P/E/G ratio of 0.09 and a beta of 1.65. Sachem Capital has a 1 year low of $1.00 and a 1 year high of $3.55.

Sachem Capital Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in Sachem Capital during the 3rd quarter worth approximately $60,000. StoneX Group Inc. acquired a new stake in shares of Sachem Capital during the 4th quarter valued at approximately $35,000. Janus Henderson Group PLC lifted its stake in Sachem Capital by 124.5% during the third quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock worth $74,000 after purchasing an additional 16,385 shares during the last quarter. Barclays PLC acquired a new position in Sachem Capital in the third quarter worth $109,000. Finally, Vident Advisory LLC acquired a new position in Sachem Capital in the fourth quarter worth $119,000. 18.07% of the stock is currently owned by institutional investors.

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.