Streetbeat News

SACH

Sachem Capital Corp.

https://www.sachemcapitalcorp.com

Industry

REIT - Mortgage

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 (REIT) and would not be subject to federal income taxes if it distributes at least 90% of its taxable income each year to its stockholders. Sachem Capital Corp. was founded in 2010 and is based in Branford, Connecticut.

Open

1.70

Mkt cap

76M

Volume

500K

High

1.76

P/E Ratio

-8.37

52-wk high

4.64

Low

1.58

Div yield

0.22

52-wk low

1.44

Sachem Capital reported a Q4 EPS of $(0.05), missing the $0.11 estimate, marking a 145.45% decrease from last year. However, their sales of $16.91M exceeded the $16.58M estimate, a 6.44% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:13 am

Sachem Capital reported a 25.5% increase in total revenue for the full year 2023, reaching $65.6 million. This significant growth highlights the company's strong financial performance over the period.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:07 am

Numerous companies are scheduled to report their quarterly earnings on April 1, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include Mach Natural Resources with expected earnings of $0.92 per share, Sigma Lithium with $0.18 per share, and PVH Corp with a significant $3.53 per share. Conversely, companies like Enservco and Nano X Imaging are anticipating losses. This diverse earnings landscape provides a broad view of the financial health across different industries.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:13 am

Alliance Global Partners has initiated coverage on Sachem Capital Corp (SACH) with a Buy rating and set a price target of $4.5.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:12 pm

Sachem Cap (AMEX:SACH) is issuing a dividend of $0.11 per share with an annualized yield of 11.40%. The ex-dividend date was December 28, 2023, and the dividend is payable on January 10, 2024. Sachem Cap has maintained a consistent dividend per share of $0.48 from 2020 to 2023 and has shown earnings growth from $0.32 to $0.44 per share over the same period. The company's financial health and stable dividend policy are positive indicators for income-seeking investors. In comparison, Invesco Mortgage Capital (NYSE:IVR) has a higher annualized dividend yield of 17.60%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 3:05 pm

Oppenheimer analyst Tyler Batory has reiterated an Outperform rating on Sachem Capital (AMEX:SACH) and maintained a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:05 pm

Sachem Capital Corp. (SACH) reported Q3 2023 earnings of $0.12 per share, surpassing the consensus estimate of $0.11 by 9.09%. However, this represents a 7.69% decrease from the $0.13 per share earned in the same quarter last year. The company's quarterly sales were $17.53 million, exceeding expectations by 13.42% and marking a 29.49% increase from the previous year's $13.54 million.

Portfolio Pulse from vinayak@benzinga.com

November 13, 2023 | 9:40 pm

Sachem Capital Corp (AMEX:SACH) reported Q3 earnings with an EPS of $0.12, beating estimates by 9.09% against the expected $0.11. Revenue increased by $3.99 million compared to the same period last year. Despite beating EPS estimates last quarter, SACH's share price fell by 2.62% the following day. Historical earnings performance shows mixed results with both beats and misses in previous quarters.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 9:40 pm

Numerous companies are scheduled to report their earnings on November 13, 2023, both before the bell and after. The list includes a wide range of industries and market caps, with some companies expected to report profits while others are anticipated to report losses. Key companies reporting include Tyson Foods, Henry Schein, and AECOM, with expected earnings per share of $0.29, $1.32, and $0.98 respectively. Other companies like IM Cannabis, Roivant Sciences, and Genius Sports are projected to report losses.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 11:40 am

Sachem Cap (AMEX:SACH) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with analysts expecting an EPS of $0.11. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Sachem Cap's stock price has shown varied reactions to earnings reports, with both increases and decreases in share price. Currently, shares are trading at $3.43, down 4.05% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 7:02 pm

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