Sachem Capital (NYSEAMERICAN:SACH) Stock Price Down 0.9%

Sachem Capital Corp. (NYSEAMERICAN:SACH - Get Free Report) shares dropped 0.9% on Monday . The stock traded as low as $2.75 and last traded at $2.77. Approximately 326,153 shares changed hands during trading, a decline of 3% from the average daily volume of 336,243 shares. The stock had previously closed at $2.79.Get Sachem Capital alerts:Analyst Upgrades and DowngradesSACH has been the subject of several recent research reports. Oppenheimer decreased their target price on shares of Sachem Capital from $5.00 to $4.50 and set an "outperform" rating for the company in a research note on Monday, May 20th. Alliance Global Partners initiated coverage on shares of Sachem Capital in a research note on Monday, March 18th. They set a "buy" rating and a $4.50 target price for the company.Get Our Latest Stock Analysis on SACHSachem Capital Trading Down 0.9 %The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $3.67. The firm has a market capitalization of $131.20 million, a price-to-earnings ratio of 10.64, a PEG ratio of 0.15 and a beta of 1.75. Sachem Capital Cuts DividendThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, April 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 15.91%. Sachem Capital's dividend payout ratio (DPR) is 169.24%. Institutional Inflows and OutflowsHedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Sachem Capital by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,283,214 shares of the company's stock worth $10,183,000 after acquiring an additional 14,153 shares during the period. Melia Wealth LLC purchased a new stake in Sachem Capital in the 1st quarter worth approximately $10,046,000. US Financial Advisors LLC grew its stake in Sachem Capital by 9.9% in the 4th quarter. US Financial Advisors LLC now owns 362,188 shares of the company's stock worth $1,355,000 after acquiring an additional 32,618 shares during the period. Citigroup Inc. purchased a new stake in Sachem Capital in the 3rd quarter worth approximately $706,000. Finally, Jump Financial LLC grew its stake in Sachem Capital by 112.2% in the 4th quarter. Jump Financial LLC now owns 75,628 shares of the company's stock worth $283,000 after acquiring an additional 39,984 shares during the period. 18.07% of the stock is owned by hedge funds and other institutional investors. About Sachem Capital (Get Free Report)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.Read MoreFive stocks we like better than Sachem CapitalHow to Capture the Benefits of Dividend IncreasesBuffett Bails on BYD: What It Means for the Future of EV StocksOverbought Stocks Explained: Should You Trade Them?Domino’s vs. Papa John's: Stock Showdown of Pizza GiantsWhat Are Trending Stocks? Trending Stocks ExplainedWilliams-Sonoma Makes Stock More Accessible with a Stock Split This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Elon’s New Device is About to Shock the World (From InvestorPlace) (Ad)Should you invest $1,000 in Sachem Capital right now?Before you consider Sachem Capital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sachem Capital wasn't on the list.While Sachem Capital currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here