Sachem Capital Corp. (NASDAQ:SACH) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a twelve-month consensus price target of $6.25 for the company, according to Zacks. Zacks has also assigned Sachem Capital an industry rank of 208 out of 255 based on the ratings given to its competitors.
Separately, Aegis reaffirmed a “buy” rating on shares of Sachem Capital in a report on Thursday, December 12th.
NASDAQ SACH traded down $0.06 during trading on Wednesday, hitting $4.41. 83,500 shares of the company’s stock traded hands, compared to its average volume of 129,369. Sachem Capital has a 12-month low of $3.85 and a 12-month high of $5.70.
Sachem Capital Company Profile
Sachem Capital Corp. operates as a real estate finance company. The company engages in 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, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
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