Sachem Capital (NYSEAMERICAN:SACH – Get Free Report) had its price objective cut by research analysts at Oppenheimer from $4.50 to $4.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 77.38% from the stock’s current price.
Sachem Capital Trading Down 2.4 %
SACH stock opened at $2.26 on Monday. The company has a market capitalization of $107.00 million, a PE ratio of 8.67, a P/E/G ratio of 0.12 and a beta of 1.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.74 and a quick ratio of 1.74. The business has a 50-day moving average of $3.58. Sachem Capital has a 12 month low of $2.22 and a 12 month high of $4.64.
Sachem Capital (NYSEAMERICAN:SACH – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.20). The company had revenue of $15.15 million for the quarter, compared to analyst estimates of $16.14 million. Sachem Capital had a return on equity of 2.44% and a net margin of 8.56%. As a group, equities analysts predict that Sachem Capital will post 0.39 EPS for the current fiscal year.
Institutional Trading of Sachem Capital
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.
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