Sachem Capital Corp. (NYSEAMERICAN:SACH - Get Free Report) was up 3.4% during mid-day trading on Friday . The stock traded as high as $1.24 and last traded at $1.23. Approximately 151,953 shares changed hands during trading, a decline of 58% from the average daily volume of 361,414 shares. The stock had previously closed at $1.19.
Analysts Set New Price Targets
Several analysts have issued reports on SACH shares. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Sachem Capital in a research note on Thursday, April 3rd. Alliance Global Partners reiterated a "neutral" rating on shares of Sachem Capital in a research report on Friday, March 28th. Finally, Industrial Alliance Securities set a $1.25 price target on Sachem Capital in a research report on Friday, March 28th.
Check Out Our Latest Report on Sachem Capital
Sachem Capital Price Performance
The business has a 50 day simple moving average of $1.04 and a 200-day simple moving average of $1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.73 and a current ratio of 1.73.
Sachem Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 16.26%. Sachem Capital's dividend payout ratio (DPR) is presently -105.26%.
Institutional Investors Weigh In On Sachem Capital
A number of institutional investors and hedge funds have recently modified their holdings of the stock. StoneX Group Inc. purchased a new stake in shares of Sachem Capital in the fourth quarter valued at $35,000. Jane Street Group LLC lifted its holdings in shares of Sachem Capital by 193.8% in the first quarter. Jane Street Group LLC now owns 47,393 shares of the company's stock valued at $55,000 after purchasing an additional 31,260 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of Sachem Capital in the fourth quarter valued at $119,000. CFO4Life Group LLC lifted its holdings in shares of Sachem Capital by 46.1% in the fourth quarter. CFO4Life Group LLC now owns 116,640 shares of the company's stock valued at $157,000 after purchasing an additional 36,800 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Sachem Capital by 113.9% in the fourth quarter. Renaissance Technologies LLC now owns 136,706 shares of the company's stock valued at $185,000 after purchasing an additional 72,806 shares in the last quarter. Institutional investors and hedge funds own 18.07% of the company's stock.
Sachem Capital Company Profile
(
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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.
Further Reading
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