Oppenheimer Weighs in on Sachem Capital Corp.’s Q1 2022 Earnings (NYSEAMERICAN:SACH)

Sachem Capital Corp. (NYSEAMERICAN:SACH – Get Rating) – Oppenheimer issued their Q1 2022 earnings estimates for shares of Sachem Capital in a research note issued on Wednesday, April 27th. Oppenheimer analyst T. Batory expects that the company will post earnings of $0.13 per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $6.00 target price on the stock. Oppenheimer also issued estimates for Sachem Capital’s Q2 2022 earnings at $0.15 EPS, Q3 2022 earnings at $0.13 EPS, Q4 2022 earnings at $0.14 EPS, FY2022 earnings at $0.55 EPS, Q1 2023 earnings at $0.13 EPS, Q2 2023 earnings at $0.15 EPS, Q3 2023 earnings at $0.15 EPS, Q4 2023 earnings at $0.16 EPS and FY2023 earnings at $0.59 EPS.

Sachem Capital (NYSEAMERICAN:SACH – Get Rating) last released its quarterly earnings results on Thursday, March 31st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Sachem Capital had a net margin of 40.69% and a return on equity of 8.69%.

Separately, Zacks Investment Research cut Sachem Capital from a “buy” rating to a “hold” rating in a report on Wednesday, January 12th.

Shares of SACH opened at $4.82 on Monday. The firm has a market capitalization of $171.18 million, a price-to-earnings ratio of 10.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.08 and a current ratio of 2.08. Sachem Capital has a 1 year low of $4.40 and a 1 year high of $6.55.

Institutional investors have recently modified their holdings of the business. Teamwork Financial Advisors LLC acquired a new stake in Sachem Capital in the 1st quarter worth about $309,000. AE Wealth Management LLC purchased a new position in shares of Sachem Capital during the 1st quarter worth about $292,000. BlackRock Inc. boosted its position in shares of Sachem Capital by 1.8% in the fourth quarter. BlackRock Inc. now owns 440,710 shares of the company’s stock worth $2,574,000 after acquiring an additional 7,672 shares during the last quarter. Samalin Investment Counsel LLC purchased a new stake in Sachem Capital in the fourth quarter valued at approximately $46,000. Finally, Penserra Capital Management LLC increased its position in Sachem Capital by 132.1% during the fourth quarter. Penserra Capital Management LLC now owns 38,843 shares of the company’s stock worth $226,000 after purchasing an additional 22,111 shares during the last quarter. 19.41% of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 11th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, April 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.96%. Sachem Capital’s dividend payout ratio (DPR) is presently 109.09%.

About Sachem Capital (Get Rating)

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 Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.

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