Sachem Capital Corp. (NYSEAMERICAN:SACH) Declares Quarterly Dividend of $0.05

Sachem Capital Corp. (NYSEAMERICAN:SACH - Get Free Report) declared a quarterly dividend on Friday, June 6th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.05 per share on Monday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 17.94%. The ex-dividend date of this dividend is Monday, June 16th.

Sachem Capital has decreased its dividend payment by an average of 20.6% annually over the last three years. Sachem Capital has a dividend payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sachem Capital to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 76.9%.

Sachem Capital Price Performance

SACH traded down $0.02 during trading on Friday, hitting $1.12. 144,987 shares of the company traded hands, compared to its average volume of 351,394. The company has a market cap of $52.37 million, a PE ratio of -5.87, a P/E/G ratio of 0.09 and a beta of 1.65. The stock's 50-day simple moving average is $1.00 and its two-hundred day simple moving average is $1.40. Sachem Capital has a 1 year low of $0.80 and a 1 year high of $3.07. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

SACH has been the topic of several research reports. Alliance Global Partners restated a "neutral" rating on shares of Sachem Capital in a research report on Friday, March 28th. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Sachem Capital in a report on Thursday, April 3rd. Finally, Industrial Alliance Securities set a $1.25 target price on shares of Sachem Capital in a research report on Friday, March 28th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sachem Capital stock. Jane Street Group LLC boosted its position in Sachem Capital Corp. (NYSEAMERICAN:SACH - Free Report) by 193.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,393 shares of the company's stock after purchasing an additional 31,260 shares during the period. Jane Street Group LLC owned approximately 0.10% of Sachem Capital worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.

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