Sachem Capital Corp. (SACH)
| Market Cap | 75.20M |
| Revenue (ttm) | 10.95M |
| Net Income (ttm) | -8.71M |
| Shares Out | 47.29M |
| EPS (ttm) | -0.19 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.24 (15.09%) |
| Ex-Dividend Date | Nov 18, 2024 |
| Volume | 263,740 |
| Open | 1.600 |
| Previous Close | 1.590 |
| Day's Range | 1.585 - 1.642 |
| 52-Week Range | 1.440 - 4.640 |
| Beta | 1.73 |
| Analysts | Buy |
| Price Target | 3.00 (+88.68%) |
| Earnings Date | Nov 14, 2024 |
About SACH
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. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subj... [Read more]
Financial Performance
In 2023, Sachem Capital's revenue was $30.04 million, a decrease of -1.90% compared to the previous year's $30.62 million. Earnings were $12.10 million, a decrease of -29.72%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for SACH stock is "Buy." The 12-month stock price forecast is $3.0, which is an increase of 88.68% from the latest price.
News
Sachem Capital Corp. (SACH) Q3 2024 Earnings Call Transcript
Sachem Capital Corp. (NYSE:SACH) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Stephen Swett - Investor Relations John Villano - Chairman, Chief Executive Officer...
Sachem Capital Corp. Completes 20% Investment in Shem Creek Capital LLC to Further Diversify Business Model
BRANFORD, Conn., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today it has acquired a 20% membership interest for $5 million in Shem Creek Capital, LLC, the ...
Sachem Capital: Discount To Book Value Looks To Fed For Boost
Sachem Capital reduced its quarterly dividend by 27.3% following a continued dip in revenue and the size of its asset base. The mREIT is trading at a 36% discount to book value per share at the end of...
Sachem Capital: I Like The Risk/Reward Of The 12% Yielding Baby Bonds
Sachem Capital cuts dividend on common shares, tough times for commercial real estate. Q2 results show operating loss, high provision for credit losses, but baby bonds remain attractive for creditors....
Sachem Capital Corp. Announces Appointment of Jeffery C. Walraven to the Board of Directors
BRANFORD, Conn., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (the “Company” or “Sachem Capital”), announced today that its Board of Directors (the “Board”) has appointed Jeffery C. Walraven...
Sachem Capital Corp. (SACH) Q2 2024 Earnings Call Transcript
Sachem Capital Corp. (NYSE:SACH) Q2 2024 Earnings Conference Call August 14, 2024 8:00 AM ET Company Participants Stephen Swett - Investor Relations John Villano - Chief Executive Officer Nick Marcel...
Sachem Capital Sets Date for Second Quarter 2024 Earnings Release and Conference Call
BRANFORD, Conn., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its second quarter 2024 financial results be...
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I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their ...
Sachem Capital: Dividend Cut Highlights 12% Yielding Bond Opportunity
Sachem Capital specializes in short-term mortgage loans, and is currently experiencing share price volatility, but is offering baby bonds with yields between 11-12%. Despite the revenue increase, expe...
Sachem Capital Corp. Announces Dividend of $0.08 Per Share
BRANFORD, Conn., July 19, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.08 per shar...
Sachem Capital Corp. Announces Withdrawal of Public Debt Offering
BRANFORD, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that it is withdrawing its previously announced debt offering. The company had intended to...
Sachem Capital Corp. Announces Full Repayment and Delisting of Maturing Unsecured Unsubordinated Notes from NYSE
BRANFORD, Conn., June 24, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that the company intends to delist its 7.125% unsecured, unsubordinated Notes due June 30,...
3 High-Flying REITs With Double-Digit Dividend Yields
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Sachem Capital: Risk-Reward Improves
Sachem Capital's share price has dropped almost 30%, pushing the yield over 15%. The balance sheet shows improvements with increased cash and liquidity preservation efforts. Short-term cuts may occur,...
Sachem Capital Corp. Announces Registered Public Offering of Notes
BRANFORD, Conn., June 17, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced the commencement of a registered public offering of USD-denominated unsecured, unsubordina...
Sachem Capital Corp. Announces Appointment of Nicholas M. Marcello as Interim Chief Financial Officer
BRANFORD, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced the appointment of Nicholas M. Marcello, as its interim Chief Financial Officer, effective...
Sachem Capital Reports First Quarter 2024 Results – Revenues Grew 17.0% to $17.2 Million
BRANFORD, Conn., May 10, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the first quarter ended March 31, 2024.
Sachem Capital Sets Dates for First Quarter 2024 Earnings Release and Conference Call
BRANFORD, Conn., May 09, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its first quarter 2024 financial results befo...
Who's Chasing Yield? 2 REITs Yielding 12%+
It's critical to examine the “margin of safety” with the dividend, to make sure that these picks don't turn into a so-called “sucker yield”. In general, long-term investors should consider REITs with ...
Sachem Capital: Avoid The 12% Common Dividend Yield For The Bonds
Sachem Capital's EPS currently does not fully cover its dividend. The mREIT's book value dipped on the back of provision for credit losses and a year-over-year dip in EPS.
Sachem Capital Corp. (SACH) Q4 2023 Earnings Call Transcript
Sachem Capital Corp. (SACH) Q4 2023 Earnings Call Transcript
Sachem Capital Reports Full Year 2023 Results
Revenues Increase, While Rising Interest Rates and Commercial Real Estate Values Impact Earnings Company to Host Webcast and Conference Call BRANFORD, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- Sachem ...
Sachem Capital Corp. Announces Dividend of $0.11 Per Share
BRANFORD, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.11 per sha...
Sachem Capital Sets Dates for 2023 Earnings Release and Conference Call
BRANFORD, Conn., March 28, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its 2023 financial results before market op...
Sachem Capital: I Am Sticking With The 9% Yielding Baby Bonds
Sachem Capital's fixed income securities are attractive. Sachem's interest payments are well covered, and its balance sheet is robust, providing a cushion for debt holders. Some of the baby bonds issu...