Sachem Capital (SACH) Projected to Post Earnings on Thursday

Sachem Capital (NYSEAMERICAN:SACH) is projected to issue its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.46) per share and revenue of $14.49 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Sachem Capital Price Performance

NYSEAMERICAN:SACH opened at $1.15 on Wednesday. The company has a 50 day moving average price of $1.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79. Sachem Capital has a 12 month low of $1.00 and a 12 month high of $4.54. The company has a market capitalization of $54.02 million, a price-to-earnings ratio of -6.05, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65.

Sachem Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

Separately, Oppenheimer restated an “outperform” rating and set a $2.50 price target (down from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

About Sachem Capital

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.