Sachem Capital (SACH) to Release Earnings on Monday

Sachem Capital (NYSEAMERICAN:SACH) is expected to issue its quarterly 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. Investors interested in listening to the company’s conference call can do so using this link.

Sachem Capital Trading Up 6.7 %

Shares of SACH opened at $1.11 on Monday. Sachem Capital has a 52 week low of $1.00 and a 52 week high of $4.12. 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 $52.14 million, a price-to-earnings ratio of -5.84, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. The business has a 50 day moving average price of $1.15.

Sachem Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 18.02%. The ex-dividend date of this dividend is Monday, March 17th. Sachem Capital’s dividend payout ratio is presently -105.26%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Industrial Alliance Securities set a $1.25 target price on Sachem Capital in a research note on Friday. Oppenheimer reissued an “outperform” rating and issued a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Finally, Alliance Global Partners restated a “neutral” rating on shares of Sachem Capital in a research note on Friday.

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.