Sachem Capital (NYSEAMERICAN:SACH) PT Lowered to $4.00 at Oppenheimer

Sachem Capital (NYSEAMERICAN:SACH) 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) 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

Several institutional investors have recently modified their holdings of the business. J.W. Cole Advisors Inc. bought a new stake in Sachem Capital in the second quarter valued at approximately $28,000. Renaissance Technologies LLC acquired a new position in shares of Sachem Capital in the 2nd quarter worth approximately $30,000. Brookstone Capital Management bought a new stake in shares of Sachem Capital in the 2nd quarter valued at $46,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Sachem Capital during the fourth quarter worth $53,000. Finally, SG Americas Securities LLC bought a new position in Sachem Capital during the first quarter worth $55,000. Institutional investors own 18.07% of the company’s stock.

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.