Sachem Capital Corp. (SACH)

NYSEAMERICAN: SACH · IEX Real-Time Price · USD
3.57
+0.08 (2.29%)
Mar 24, 2023, 4:00 PM EDT - Market closed
2.29%
Market Cap 145.64M
Revenue (ttm) 45.87M
Net Income (ttm) 15.23M
Shares Out 40.80M
EPS (ttm) 0.45
PE Ratio 7.94
Forward PE 6.77
Dividend $0.52 (14.57%)
Ex-Dividend Date Dec 29, 2022
Volume 137,863
Open 3.46
Previous Close 3.49
Day's Range 3.43 - 3.60
52-Week Range 3.16 - 6.02
Beta 1.43
Analysts Buy
Price Target 5.78 (+61.91%)
Earnings Date Mar 30, 2023

About SACH

Sachem Capital Corp. operates as a real estate finance company. The company is involved in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Northeastern United States and Florida. It offers loans to real estate investors and owners to fund their 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 (RE... [Read more]

Industry REIT - Mortgage
Sector Real Estate
IPO Date Feb 10, 2017
Employees 19
Stock Exchange NYSEAMERICAN
Ticker Symbol SACH
Full Company Profile

Financial Performance

In 2021, Sachem Capital's revenue was $30.42 million, an increase of 63.55% compared to the previous year's $18.60 million. Earnings were $11.46 million, an increase of 27.47%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for SACH stock is "Buy." The 12-month stock price forecast is $5.78, which is an increase of 61.91% from the latest price.

Price Target
$5.78
(61.91% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sachem Capital Corp. Announces New Credit Facility

Enhances Available Capital and Liquidity to Support Growth Enhances Available Capital and Liquidity to Support Growth

3 weeks ago - GlobeNewsWire

7 Penny Stock REITs With the Highest Dividend Yields

There are thousands of penny stocks. However, when it comes to penny stock REITs (real estate investment trusts), there are only a handful.

Other symbols: BRMKCORRDHCLFTNYMTSQFT
2 months ago - InvestorPlace

Sachem Capital Corp. Announces Management Transition

BRANFORD, Conn., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that William C. Haydon, has resigned to pursue retirement and other opportunities. Mr. Hay...

2 months ago - GlobeNewsWire

Sachem Capital Corp. Announces Dividend of $0.13 Per Share

BRANFORD, Conn., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.13 per shar...

3 months ago - GlobeNewsWire

Sachem Capital Corp. (SACH) Beats Q3 Earnings and Revenue Estimates

Sachem Capital Corp. (SACH) delivered earnings and revenue surprises of 18.18% and 3.21%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock...

4 months ago - Zacks Investment Research

Sachem Capital Revenue Increases 58.9% to $13.5 Million for the Third Quarter 2022

Achieves $4.1 Million of Net Income Attributable to Common Shareholders and $5.2 Million of Non-GAAP Adjusted Earnings, Representing Earnings Per Share of $0.11 and $0.13, Respectively

4 months ago - GlobeNewsWire

Sachem Capital Corp. Expands Capabilities with Acquisition of Urbane New Haven LLC, a Premier Real Estate Development and Construction Firm

Expected to further enhance underwriting standards and provide new profit center Expected to further enhance underwriting standards and provide new profit center

5 months ago - GlobeNewsWire

3 REITs to Buy to Earn High Dividends

Income investors often allocate a sizeable portion of their portfolio to real estate investment trusts, or REITs, as these names typically pay high yields. Since REITs have to distribute at least 90% ...

Other symbols: BRMKNYMT
6 months ago - InvestorPlace

Sachem Capital Corp. Announces Stock Repurchase Plan of Up to $7.5 Million

BRANFORD, Conn., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that its Board of Directors (the “Board”) has authorized a stock repurchase program under ...

6 months ago - GlobeNewsWire

Sachem Capital Corp. Announces Sale of an Additional $5.25 Million of 8.00% Notes Due 2027

BRANFORD, Conn., Aug. 29, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) has sold an additional $5.25 million original principal amount of its 8.00% unsecured, unsubordinated note...

7 months ago - GlobeNewsWire

Sachem Capital Corp. Announces Closing of Public Offering of $35.0 Million of 8.00% Notes

BRANFORD, Conn., Aug. 23, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $35.0 million aggregate pr...

7 months ago - GlobeNewsWire

Sachem Capital Corp. Prices Registered Public Offering of $35.0 Million 8.00% Notes

BRANFORD, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $35.0 million aggregate principal amount of 8.00%...

7 months ago - GlobeNewsWire

Sachem Capital Corp. Announces Registered Public Offering of Notes

BRANFORD, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced the commencement of a registered public offering of unsecured, unsubordinated notes due fi...

7 months ago - GlobeNewsWire

Sachem Capital Corp. (SACH) Q2 Earnings Lag Estimates

Sachem Capital Corp. (SACH) delivered earnings and revenue surprises of -20% and 0.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

7 Growth Stocks to Buy Now Before They Become Large Caps

Canada's national business paper, The Globe and Mail, recently interviewed a Toronto-based portfolio manager who seeks out smaller growth stocks with the potential to become large caps over the long h...

Other symbols: COLBCROXGAMBSAFESRTS
8 months ago - InvestorPlace

Sachem Capital Corp. Announces Dividend Increase to $0.14 Per Share

16% Increase Over 1st Quarter Dividend 16% Increase Over 1st Quarter Dividend

9 months ago - GlobeNewsWire

Sachem Capital Corp. Announces Sale of an Additional $2.5 Million of 7.125% Notes from Exercise of Over Allotment Option

BRANFORD, Conn., June 03, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) has sold an additional $2.5 million original principal amount of its 7.125% unsecured, unsubordinated note...

10 months ago - GlobeNewsWire

The 5 Best Real Estate Stocks to Buy Now

These 5 real estate stocks have declined with the broader stock market, but have solid fundamentals and offer high dividend yields. The post The 5 Best Real Estate Stocks to Buy Now appeared first on ...

Other symbols: AFCGMFAMITTRC
11 months ago - InvestorPlace

Sachem Capital to Present at Microcap Rodeo's Spring Into Action Best Ideas Virtual Conference on May 18th

BRANFORD, CT / ACCESSWIRE / May 12, 2022 / Sachem Capital Corp. ("Sachem Corp" or the "Company") (NYSE American:SACH), today announced that Bill Haydon, Chief Investment Officer and Director of Sachem...

11 months ago - Accesswire

Sachem Capital Corp. Announces Closing of Public Offering of $27.5 Million of 7.125% Notes

BRANFORD, Conn., May 11, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $27.5 million aggregate pri...

11 months ago - GlobeNewsWire

Sachem Capital Corp. Prices Registered Public Offering of $27.5 Million of 7.125% Notes

BRANFORD, Conn., May 06, 2022 (GLOBE NEWSWIRE) --  Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $27.5 million aggregate principal amount of 7.125...

11 months ago - GlobeNewsWire

Sachem Capital Corp. (SACH) Q1 Earnings and Revenues Miss Estimates

Sachem Capital Corp. (SACH) delivered earnings and revenue surprises of -23.08% and 2.56%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

11 months ago - Zacks Investment Research

Sachem Capital Revenue Increases 80.3% to $10.3 Million for the First Quarter 2022

Achieves $3.4 Million of Net Income Attributable to Common Shareholders and $4.5 Million of Non-GAAP Adjusted Earnings

11 months ago - GlobeNewsWire

Sachem Capital Corp. to Present at Investor Summit Group's Q2 In-person Conference on May 4th in NYC

Branford, Connecticut--(Newsfile Corp. - April 25, 2022) -  Sachem Capital Corp. (NYSE American: SACH) announced today that Bill Haydon, Chief Investment Officer of Sachem Capital will be presenting a...

11 months ago - Newsfile Corp

Sachem Capital Corp. Announces Dividend of $0.12 Per Share

BRANFORD, Conn., April 01, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.12 per sha...

1 year ago - GlobeNewsWire