Sachem Capital (NYSEAMERICAN:SACH) Given New $4.00 Price Target at Oppenheimer

Sachem Capital (NYSEAMERICAN:SACH) had its price target cut by Oppenheimer from $4.50 to $4.00 in a report issued on Monday, Benzinga reports. They currently have an outperform rating on the stock.

Sachem Capital Stock Performance

NYSEAMERICAN SACH opened at $2.31 on Monday. The business’s 50 day simple moving average is $3.58. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.11. Sachem Capital has a 52-week low of $2.22 and a 52-week high of $4.64. The company has a market cap of $109.61 million, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.12 and a beta of 1.72.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.20). Sachem Capital had a return on equity of 2.44% and a net margin of 8.56%. The firm had revenue of $15.15 million for the quarter, compared to analyst estimates of $16.14 million. On average, analysts predict that Sachem Capital will post 0.39 EPS for the current year.

Sachem Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Monday, July 29th were paid a $0.08 dividend. The ex-dividend date was Monday, July 29th. This represents a $0.32 dividend on an annualized basis and a yield of 13.85%. Sachem Capital’s dividend payout ratio is 123.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of Sachem Capital during the 4th quarter worth approximately $53,000. Jump Financial LLC boosted its position in Sachem Capital by 112.2% during the fourth quarter. Jump Financial LLC now owns 75,628 shares of the company’s stock worth $283,000 after purchasing an additional 39,984 shares during the period. US Financial Advisors LLC increased its holdings in shares of Sachem Capital by 9.9% in the fourth quarter. US Financial Advisors LLC now owns 362,188 shares of the company’s stock valued at $1,355,000 after purchasing an additional 32,618 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Sachem Capital in the fourth quarter valued at about $78,000. Finally, Melia Wealth LLC acquired a new stake in shares of Sachem Capital during the 1st quarter worth about $10,046,000. Institutional investors own 18.07% of the company’s stock.

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.