Sachem Capital (NYSEAMERICAN:SACH) Posts Quarterly Earnings Results, Hits Expectations
Sachem Capital (NYSEAMERICAN:SACH) released its earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10, Fidelity Earnings reports. The firm had revenue of $3.38 million during the quarter.
Shares of Sachem Capital stock traded down $0.09 during trading on Friday, hitting $4.18. The stock had a trading volume of 130,377 shares, compared to its average volume of 133,738. Sachem Capital has a 12 month low of $3.80 and a 12 month high of $5.70.
The company also recently announced a dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Monday, October 14th were issued a $0.12 dividend. The ex-dividend date was Thursday, October 10th.
About Sachem Capital
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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