Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
10 February 2017Website:
http://www.sachemcapitalcorp.comNext earnings report:
01 April 2025Last dividends:
18 November 2024Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 22:54:55 GMTAnalysts recommendations
Institutional Ownership
SACH Latest News
Sachem Capital Corp. (NYSE:SACH ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Stephen Swett - Investor Relations John Villano - Chairman, Chief Executive Officer and President Nick Marcello - Chief Financial Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Matthew Erdner - JonesTrading Jonathan Jenkins - Oppenheimer Chris Muller - Citizens JMP Christopher Nolan - Ladenburg Thalmann Operator Greetings and welcome to Sachem Capital Corp. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Sachem Capital Corp. (SACH) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.12 per share a year ago.
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.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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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.
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What type of business is 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. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 2010 and is based in Branford, Connecticut.
What sector is Sachem Capital in?
Sachem Capital is in the Real Estate sector
What industry is Sachem Capital in?
Sachem Capital is in the Mortgage industry
What country is Sachem Capital from?
Sachem Capital is headquartered in United States
When did Sachem Capital go public?
Sachem Capital initial public offering (IPO) was on 10 February 2017
What is Sachem Capital website?
https://www.sachemcapitalcorp.com
Is Sachem Capital in the S&P 500?
No, Sachem Capital is not included in the S&P 500 index
Is Sachem Capital in the NASDAQ 100?
No, Sachem Capital is not included in the NASDAQ 100 index
Is Sachem Capital in the Dow Jones?
No, Sachem Capital is not included in the Dow Jones index
When was Sachem Capital the previous earnings report?
No data
When does Sachem Capital earnings report?
The next expected earnings date for Sachem Capital is 01 April 2025