Sachem Capital (NYSEAMERICAN:SACH) Downgraded to Neutral Rating by Alliance Global Partners

Sachem Capital (NYSEAMERICAN:SACH) was downgraded by stock analysts at Alliance Global Partners from a “buy” rating to a “neutral” rating in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $2.00 target price on the stock. Alliance Global Partners’ target price suggests a potential upside of 11.73% from the stock’s previous close.

Separately, Oppenheimer lowered their price target on Sachem Capital from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Sachem Capital Stock Down 1.1 %

Shares of Sachem Capital stock opened at $1.79 on Friday. Sachem Capital has a 12-month low of $1.74 and a 12-month high of $4.64. The company has a market capitalization of $84.90 million, a PE ratio of 29.84, a P/E/G ratio of 0.24 and a beta of 1.73. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average is $3.43.

Sachem Capital (NYSEAMERICAN:SACH) last posted its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.20). The firm had revenue of $15.15 million during the quarter, compared to analyst estimates of $16.14 million. Sachem Capital had a net margin of 8.56% and a return on equity of 2.45%. Sell-side analysts anticipate that Sachem Capital will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SACH. J.W. Cole Advisors Inc. acquired a new position in shares of Sachem Capital in the second quarter valued at $28,000. Renaissance Technologies LLC acquired a new position in shares of Sachem Capital in the 2nd quarter valued at $30,000. Brookstone Capital Management bought a new position in shares of Sachem Capital during the 2nd quarter worth about $46,000. JB Capital LLC boosted its position in shares of Sachem Capital by 32.7% during the 3rd quarter. JB Capital LLC now owns 20,301 shares of the company’s stock valued at $51,000 after acquiring an additional 5,006 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Sachem Capital in the first quarter valued at about $55,000. Institutional investors and hedge funds own 18.07% of the company’s stock.

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.