Sachem Capital (SACH) Expected to Announce Earnings on Thursday

Sachem Capital (NYSEAMERICAN:SACH) will likely be releasing 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Sachem Capital Stock Down 0.9 %

SACH stock opened at $1.15 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11. Sachem Capital has a twelve month low of $1.00 and a twelve month high of $4.54. The company has a market capitalization of $54.02 million, a P/E ratio of -6.05, a P/E/G ratio of 0.09 and a beta of 1.65. The business’s fifty day moving average price is $1.16.

Sachem Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 17.39%. Sachem Capital’s payout ratio is presently -105.26%.

Analysts Set New Price Targets

Separately, Oppenheimer reiterated 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.

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.