Sachem Capital (NYSEAMERICAN:SACH) Issues Earnings Results

Sachem Capital (NYSEAMERICAN:SACH) released its quarterly earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.20), Zacks reports. The business had revenue of $15.15 million during the quarter, compared to analyst estimates of $16.14 million. Sachem Capital had a net margin of 21.25% and a return on equity of 6.21%.

Sachem Capital Trading Up 2.2 %

Shares of SACH traded up $0.05 during mid-day trading on Thursday, reaching $2.30. The company had a trading volume of 370,087 shares, compared to its average volume of 350,154. The firm has a market capitalization of $109.14 million, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.13 and a beta of 1.72. The company’s fifty day simple moving average is $3.58. Sachem Capital has a fifty-two week low of $2.22 and a fifty-two week high of $4.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.74 and a current ratio of 1.74.

Sachem Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Monday, July 29th were issued a $0.08 dividend. The ex-dividend date was Monday, July 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.91%. Sachem Capital’s dividend payout ratio (DPR) is presently 123.08%.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lowered their price target on shares of Sachem Capital from $5.00 to $4.50 and set an “outperform” rating on the stock in a research report on Monday, May 20th.

Sachem Capital Company Profile

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.