Sachem CapitalNYSE American: SACH

Sachem Capital reduced its quarterly dividend by 27.3% following a continued dip in revenue and the size of its asset base. The mREIT is trading at a 36% discount to book value per share at the end of the second quarter. Fed rate cuts should deliver a boost to a valuation multiple that has collapsed to lows.

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Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Sachem Capital Corp. (SACH) and Blackstone Inc. (BX). But which of these two companies is the best option for those looking for undervalued stocks?

Sachem Capital Corp. (SACH) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $0.11 per share a year ago.

BRANFORD, Conn., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its second quarter 2024 financial results before market open on Wednesday, August 14, 2024. A webcast and conference call to discuss the results will be held on Wednesday, August 14, 2024, at 8:00 a.m. Eastern Time.

Sachem Capital specializes in short-term mortgage loans, and is currently experiencing share price volatility, but is offering baby bonds with yields between 11-12%. Despite the revenue increase, expenses rose, causing net income to decline. Balance sheet remained steady, with assets primarily consisting of mortgages and investments. Dividend cut due to lower demand for mortgages affecting cash flow. Management's decision to reduce dividend shows good decision-making to prevent further turmoil.

BRANFORD, Conn., July 19, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.08 per share to be paid to shareholders of record as of the close of trading on the NYSE American on July 29, 2024. The dividend is payable on August 6, 2024.

BRANFORD, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that it is withdrawing its previously announced debt offering. The company had intended to offer USD-denominated unsecured, unsubordinated notes due five years from the date of issuance. The company has concluded that current market conditions regarding pricing were excessive and restrictive and, thus, not in the best interest of the company and its shareholders.

BRANFORD, Conn., June 24, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that the company intends to delist its 7.125% unsecured, unsubordinated Notes due June 30, 2024 (“Notes”), ticker symbol “SCCB”, from the NYSE American and to deregister the Notes under the Exchange Act of 1934, as amended. The company will redeem the Notes at par value plus accrued and unpaid interest up to, but not including, the maturity date.