Sachem Capital Corp. (SACH) To Go Ex-Dividend on March 17th

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 15.63%. The ex-dividend date is Monday, March 17th.

Sachem Capital has decreased its dividend payment by an average of 20.6% annually over the last three years.

Sachem Capital Stock Performance

NYSEAMERICAN:SACH opened at $1.28 on Friday. Sachem Capital has a 1 year low of $1.00 and a 1 year high of $4.64. The company has a market capitalization of $60.12 million, a PE ratio of -6.74, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. The stock has a fifty day simple moving average of $1.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Alliance Global Partners cut Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a research note on Friday, November 15th. Oppenheimer reaffirmed an “outperform” rating and set a $2.50 target price (down from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

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.