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

Sachem Capital (NYSEAMERICAN:SACH) issued its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03), Fidelity Earnings reports. The firm had revenue of $3.07 million during the quarter.

Shares of NYSEAMERICAN SACH traded up $0.03 during mid-day trading on Thursday, hitting $4.97. The stock had a trading volume of 41,022 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 announced a dividend, which was paid on Monday, July 29th. Investors of record on Monday, July 22nd were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 19th.

Separately, Aegis initiated coverage on Sachem Capital in a report on Monday, July 1st. They set 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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