Sachem Capital Corp. (SACH) To Go Ex-Dividend on June 16th

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Friday, June 6th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be paid a dividend of 0.05 per share on Monday, June 30th. This represents a $0.20 annualized dividend and a yield of 18.02%. The ex-dividend date of this dividend is Monday, June 16th.

Sachem Capital has decreased its dividend by an average of 20.6% annually over the last three years. Sachem Capital has a dividend payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sachem Capital to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 76.9%.

Sachem Capital Stock Performance

Shares of SACH opened at $1.11 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $52.14 million, a P/E ratio of -5.84, a P/E/G ratio of 0.09 and a beta of 1.65. The company’s fifty day moving average is $1.00 and its two-hundred day moving average is $1.40. Sachem Capital has a 1 year low of $0.80 and a 1 year high of $3.07.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Alliance Global Partners reaffirmed a “neutral” rating on shares of Sachem Capital in a research note on Friday, March 28th. Industrial Alliance Securities set a $1.25 price target on shares of Sachem Capital in a research note on Friday, March 28th. Finally, LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of Sachem Capital in a research note on Thursday, April 3rd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sachem Capital stock. Jane Street Group LLC grew its stake in shares of Sachem Capital Corp. (NYSEAMERICAN:SACH) by 193.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,393 shares of the company’s stock after acquiring an additional 31,260 shares during the quarter. Jane Street Group LLC owned about 0.10% of Sachem Capital worth $55,000 at the end of the most recent quarter. 18.07% of the stock is owned by institutional investors and hedge funds.

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.