Sachem Capital (NYSEAMERICAN:SACH) Given Neutral Rating at LADENBURG THALM/SH SH

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

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

Sachem Capital Stock Down 5.4 %

SACH stock opened at $1.05 on Thursday. Sachem Capital has a 52-week low of $1.00 and a 52-week high of $3.75. The stock’s fifty day simple moving average is $1.14. The firm has a market capitalization of $49.32 million, a PE ratio of -5.53, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79.

Sachem Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 19.05%. The ex-dividend date of this dividend was Monday, March 17th. Sachem Capital’s dividend payout ratio (DPR) is -105.26%.

Institutional Investors Weigh In On Sachem Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in shares of Sachem Capital by 124.5% in the 3rd quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock valued at $74,000 after purchasing an additional 16,385 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Sachem Capital in the 3rd quarter valued at $233,000. Barclays PLC acquired a new position in Sachem Capital in the 3rd quarter valued at $109,000. Geode Capital Management LLC raised its position in Sachem Capital by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 516,918 shares of the company’s stock worth $1,303,000 after buying an additional 33,317 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Sachem Capital in the 3rd quarter worth $60,000. Hedge funds and other institutional investors own 18.07% of the company’s stock.

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.