Sachem Capital (NYSEAMERICAN:SACH) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Sachem Capital Corp. (NYSEAMERICAN:SACH) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.15 and traded as low as $1.05. Sachem Capital shares last traded at $1.11, with a volume of 424,112 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Industrial Alliance Securities set a $1.25 target price on shares of Sachem Capital in a research report on Friday. Oppenheimer restated an “outperform” rating and issued a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Sachem Capital in a report on Friday.

Sachem Capital Stock Up 6.7 %

The company has a market capitalization of $52.14 million, a price-to-earnings ratio of -5.84, a price-to-earnings-growth ratio of 0.09 and a beta of 1.65. The company’s 50 day simple moving average is $1.15. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11.

Sachem Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 18.02%. The ex-dividend date is Monday, March 17th. Sachem Capital’s dividend payout ratio is presently -105.26%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Melia Wealth LLC raised its stake in Sachem Capital by 2.5% during the fourth quarter. Melia Wealth LLC now owns 3,414,184 shares of the company’s stock worth $4,609,000 after purchasing an additional 83,886 shares during the period. Cox Capital Mgt LLC purchased a new position in shares of Sachem Capital in the 4th quarter worth $812,000. Geode Capital Management LLC boosted its holdings in Sachem Capital by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 551,476 shares of the company’s stock valued at $745,000 after acquiring an additional 34,558 shares during the last quarter. US Financial Advisors LLC grew its position in Sachem Capital by 2.4% during the fourth quarter. US Financial Advisors LLC now owns 433,893 shares of the company’s stock valued at $586,000 after acquiring an additional 10,315 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in Sachem Capital during the fourth quarter worth about $315,000. Hedge funds and other institutional investors own 18.07% of the company’s stock.

Sachem Capital Company Profile

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.