Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.15 and traded as low as $1.05. Sachem Capital shares last traded at $1.11, with a volume of 424,112 shares traded.
Wall Street Analysts Forecast Growth
SACH has been the topic of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $2.50 price target (down from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Industrial Alliance Securities set a $1.25 price target on shares of Sachem Capital in a research report on Friday. Finally, Alliance Global Partners reissued a "neutral" rating on shares of Sachem Capital in a report on Friday.
Get Our Latest Analysis on SACH
Sachem Capital Trading Up 4.5 %
The firm has a market cap of $54.49 million, a P/E ratio of -6.11, a P/E/G ratio of 0.09 and a beta of 1.65. The firm has a 50-day moving average price of $1.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79.
Sachem Capital Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 17.24%. The ex-dividend date of this dividend is Monday, March 17th. Sachem Capital's dividend payout ratio (DPR) is presently -105.26%.
Hedge Funds Weigh In On Sachem Capital
Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of Sachem Capital by 124.5% during the third 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 in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Sachem Capital in the third quarter valued at approximately $233,000. Barclays PLC acquired a new position in shares of Sachem Capital during the third quarter valued at approximately $109,000. Geode Capital Management LLC raised its holdings in Sachem Capital by 6.9% during the third quarter. Geode Capital Management LLC now owns 516,918 shares of the company's stock worth $1,303,000 after purchasing an additional 33,317 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Sachem Capital in the third quarter worth approximately $60,000. Institutional investors and hedge funds own 18.07% of the company's stock.
Sachem Capital Company Profile
(
Get Free Report)
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.
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