Sachem Capital (SACH) Projected to Post Earnings on Thursday

Sachem Capital (NYSEAMERICAN:SACH) is expected to announce its earnings results before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.46) per share and revenue of $14.49 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Sachem Capital Stock Performance

SACH stock opened at $1.18 on Thursday. The business’s 50 day moving average price is $1.17. Sachem Capital has a fifty-two week low of $1.00 and a fifty-two week high of $4.64. 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 firm has a market cap of $55.42 million, a P/E ratio of -6.21, a P/E/G ratio of 0.09 and a beta of 1.65.

Sachem Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 16.95%. The ex-dividend date is Monday, March 17th. Sachem Capital’s dividend payout ratio (DPR) is currently -105.26%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer reaffirmed 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 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.