Sachem Capital (NYSEAMERICAN:SACH) Rating Lowered to Neutral at Alliance Global Partners

Sachem Capital (NYSEAMERICAN:SACH - Get Free Report) was downgraded by research analysts at Alliance Global Partners from a "buy" rating to a "neutral" rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $2.00 price target on the stock. Alliance Global Partners' price objective indicates a potential upside of 12.36% from the stock's previous close.

Separately, Oppenheimer cut their price objective on Sachem Capital from $4.50 to $4.00 and set an "outperform" rating for the company in a report on Monday, August 19th.

Sachem Capital Stock Down 1.7 %

NYSEAMERICAN:SACH traded down $0.03 during mid-day trading on Friday, reaching $1.78. 556,161 shares of the stock were exchanged, compared to its average volume of 331,415. The firm has a market capitalization of $84.43 million, a PE ratio of 30.17, a P/E/G ratio of 0.24 and a beta of 1.73. Sachem Capital has a 1 year low of $1.74 and a 1 year high of $4.64. The company has a 50 day moving average of $3.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.78 and a quick ratio of 1.78.

Sachem Capital (NYSEAMERICAN:SACH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.20). The company had revenue of $15.15 million for the quarter, compared to analyst estimates of $16.14 million. Sachem Capital had a net margin of 8.56% and a return on equity of 2.45%. As a group, research analysts predict that Sachem Capital will post 0.17 EPS for the current year.

Hedge Funds Weigh In On Sachem Capital

Large investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. bought a new position in shares of Sachem Capital during the second quarter valued at $28,000. Renaissance Technologies LLC purchased a new stake in shares of Sachem Capital during the 2nd quarter valued at about $30,000. SG Americas Securities LLC bought a new stake in shares of Sachem Capital in the first quarter worth approximately $55,000. Brookstone Capital Management bought a new position in Sachem Capital during the second quarter valued at approximately $46,000. Finally, JB Capital LLC boosted its holdings in Sachem Capital by 32.7% in the third quarter. JB Capital LLC now owns 20,301 shares of the company's stock worth $51,000 after purchasing an additional 5,006 shares during the last quarter. 18.07% of the stock is owned by hedge funds and other institutional investors.

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.