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

Sachem Capital (NYSEAMERICAN:SACH) had its price objective cut by investment analysts at Oppenheimer from $4.50 to $4.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 77.38% from the stock’s previous close.

Sachem Capital Stock Performance

Sachem Capital stock opened at $2.26 on Monday. Sachem Capital has a one year low of $2.22 and a one year high of $4.64. The firm’s fifty day moving average price is $3.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $107.00 million, a PE ratio of 8.67, a PEG ratio of 0.12 and a beta of 1.72.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.20). The company had revenue of $15.15 million for the quarter, compared to analysts’ expectations of $16.14 million. Sachem Capital had a net margin of 8.56% and a return on equity of 2.44%. As a group, sell-side analysts predict that Sachem Capital will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SACH. J.W. Cole Advisors Inc. bought a new position in shares of Sachem Capital during the 2nd quarter worth approximately $28,000. Renaissance Technologies LLC acquired a new position in shares of Sachem Capital during the second quarter worth $30,000. SG Americas Securities LLC purchased a new stake in shares of Sachem Capital during the 1st quarter valued at $55,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Sachem Capital during the 4th quarter valued at $53,000. Finally, Brookstone Capital Management acquired a new stake in shares of Sachem Capital in the 2nd quarter worth $46,000. Hedge funds and other 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.