Alliance Global Partners Downgrades Sachem Capital (NYSEAMERICAN:SACH) to Neutral

Sachem Capital (NYSEAMERICAN:SACH) was downgraded by stock analysts at Alliance Global Partners from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $2.00 target price on the stock. Alliance Global Partners’ price target would suggest a potential upside of 11.73% from the company’s current price.

Separately, Oppenheimer dropped their price target on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Sachem Capital Price Performance

Shares of NYSEAMERICAN:SACH opened at $1.79 on Friday. The company has a market capitalization of $84.90 million, a PE ratio of 29.84, a price-to-earnings-growth ratio of 0.24 and a beta of 1.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.78 and a current ratio of 1.78. Sachem Capital has a 12 month low of $1.74 and a 12 month high of $4.64. The business’s 50 day moving average price is $3.43.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.20). Sachem Capital had a return on equity of 2.45% and a net margin of 8.56%. The firm had revenue of $15.15 million during the quarter, compared to the consensus estimate of $16.14 million. On average, sell-side analysts expect that Sachem Capital will post 0.17 EPS for the current year.

Institutional Investors Weigh In On Sachem Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sachem Capital during the 2nd quarter worth about $831,000. Marshall Wace LLP bought a new position in Sachem Capital during the second quarter valued at approximately $334,000. EP Wealth Advisors LLC acquired a new stake in Sachem Capital in the third quarter valued at approximately $233,000. Penserra Capital Management LLC grew its position in Sachem Capital by 23.0% in the third quarter. Penserra Capital Management LLC now owns 319,667 shares of the company’s stock worth $805,000 after acquiring an additional 59,675 shares in the last quarter. Finally, Barclays PLC bought a new stake in Sachem Capital in the third quarter worth approximately $109,000. Hedge funds and other 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.