Sachem Capital Corp. (NYSEAMERICAN:SACH) Plans $0.05 Quarterly Dividend

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Monday, November 18th will be paid a dividend of 0.05 per share on Tuesday, November 26th. This represents a $0.20 annualized dividend and a yield of 9.73%. The ex-dividend date is Monday, November 18th.

Sachem Capital has a dividend payout ratio of 118.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Sachem Capital to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 72.7%.

Sachem Capital Stock Up 0.2 %

NYSEAMERICAN SACH traded up $0.01 during trading hours on Friday, hitting $2.06. The company’s stock had a trading volume of 946,352 shares, compared to its average volume of 326,419. The stock has a fifty day moving average of $3.44. Sachem Capital has a twelve month low of $1.94 and a twelve month high of $4.64. The firm has a market cap of $97.47 million, a price-to-earnings ratio of 37.67, a P/E/G ratio of 0.28 and a beta of 1.73. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.10.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.20). Sachem Capital had a net margin of 8.56% and a return on equity of 2.45%. The business had revenue of $15.15 million during the quarter, compared to analyst estimates of $16.14 million. On average, analysts predict that Sachem Capital will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer lowered their price objective on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Monday, August 19th.

Sachem Capital Company Profile

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.