Sachem Capital (NYSEAMERICAN:SACH - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, March 27th. Analysts expect Sachem Capital to post earnings of ($0.46) per share and revenue of $14.49 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Sachem Capital Stock Performance
Shares of SACH traded up $0.03 during mid-day trading on Friday, hitting $1.16. 165,667 shares of the stock were exchanged, compared to its average volume of 377,210. The stock has a 50-day simple moving average of $1.16. Sachem Capital has a 52-week low of $1.00 and a 52-week high of $4.54. 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 stock has a market cap of $54.49 million, a P/E ratio of -6.11, a PEG ratio of 0.09 and a beta of 1.65.
Sachem Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 17.24%. The ex-dividend date of this dividend is Monday, March 17th. Sachem Capital's payout ratio is currently -105.26%.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer reiterated an "outperform" rating and set a $2.50 price objective (down previously from $4.00) on shares of Sachem Capital in a research note on Friday, December 6th.
Read Our Latest Stock Report on Sachem Capital
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.
Further Reading
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