Sachem Capital (SACH) Expected to Announce Earnings on Monday

Sachem Capital (NYSEAMERICAN:SACH) is anticipated to release its earnings data before the market opens on Monday, April 7th. Analysts expect the company to announce earnings of ($0.43) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Sachem Capital Stock Down 1.0 %

Shares of NYSEAMERICAN SACH opened at $1.04 on Friday. The stock has a market capitalization of $48.85 million, a P/E ratio of -5.47, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. 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 business has a fifty day moving average price of $1.14. Sachem Capital has a 52 week low of $1.00 and a 52 week high of $3.55.

Sachem Capital Announces Dividend

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

Analyst Upgrades and Downgrades

SACH has been the topic of a number of research reports. LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of Sachem Capital in a research note on Thursday. Industrial Alliance Securities set a $1.25 target price on Sachem Capital in a report on Friday, March 28th. Finally, Alliance Global Partners restated a “neutral” rating on shares of Sachem Capital in a research note on Friday, March 28th.

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.