Sachem Capital (NYSEAMERICAN:SACH) Issues Earnings Results, Misses Expectations By $0.03 EPS

Sachem Capital (NYSEAMERICAN:SACH) issued its earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03), Fidelity Earnings reports. The company had revenue of $3.07 million for the quarter.

Sachem Capital stock traded down $0.03 during midday trading on Thursday, reaching $4.91. The stock had a trading volume of 1,230 shares, compared to its average volume of 144,492. Sachem Capital has a twelve month low of $3.80 and a twelve month high of $5.70.

The company also recently disclosed a dividend, which was paid on Monday, July 29th. Investors of record on Monday, July 22nd were paid a $0.12 dividend. The ex-dividend date was Friday, July 19th.

Separately, Aegis initiated coverage on shares of Sachem Capital in a research note on Monday, July 1st. They issued a “buy” rating and a $6.00 price objective for the company.

Sachem Capital Company Profile

Sachem Capital Corp. operates as a real estate finance company. The company engages 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, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.

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