Sachem Capital (NYSEAMERICAN:SACH) announced its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01, MarketWatch Earnings reports. Sachem Capital had a net margin of 48.07% and a return on equity of 9.41%.
Shares of SACH traded up $0.09 on Thursday, reaching $5.31. The company’s stock had a trading volume of 2,712 shares, compared to its average volume of 181,044. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $117.48 million, a P/E ratio of 16.63 and a beta of 1.37. The stock’s 50 day simple moving average is $4.15 and its two-hundred day simple moving average is $4.06. Sachem Capital has a 12-month low of $1.55 and a 12-month high of $5.68.
A number of analysts have recently issued reports on SACH shares. Aegis raised their price target on shares of Sachem Capital from $5.00 to $8.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research downgraded shares of Sachem Capital from a “buy” rating to a “hold” rating in a report on Saturday, January 9th.
Sachem Capital Corp. operates as a real estate finance company. The company is involved in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
Further Reading: Ex-Dividend
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