Sachem Capital said on April 5, 2023 that its board of directors declared a regular
quarterly dividend of $0.13 per share ($0.52 annualized).
Previously, the company paid $0.13 per share.
Shares must be purchased before the ex-div date of April 14, 2023 to qualify for the dividend.
Shareholders of record as of April 17, 2023
will receive the payment on April 24, 2023.
At the current share price of $3.76 / share,
the stock’s dividend yield is 13.83%.
Looking back five years and taking a sample every week, the average dividend yield has been
12.65%,
the lowest has been 7.67%,
and the highest has been 29.81%.
The standard deviation of yields is 3.39 (n=236).
The current dividend yield is
0.35 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 1.02.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.08%,
demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 82 funds or institutions reporting positions in Sachem Capital.
This is a decrease
of
1
owner(s) or 1.20% in the last quarter.
Average portfolio weight of all funds dedicated to SACH is 0.04%,
a decrease
of 23.47%.
Total shares owned by institutions decreased
in the last three months by 8.29% to 5,257K shares.
The put/call ratio of SACH is 0.30, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 31.12% Upside
As of April 6, 2023,
the average one-year price target for Sachem Capital is $4.93.
The forecasts range from a low of $4.04 to a high of $6.30.
The average price target represents an increase of 31.12% from its latest reported closing price of $3.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sachem Capital
is $62MM, an increase of 100.44%.
The projected annual non-GAAP EPS
is $0.57.
What are Other Shareholders Doing?
Us Financial Advisors
holds 120K shares
representing 0.29% ownership of the company.
Advisory Services Network
holds 21K shares
representing 0.05% ownership of the company.
Teamwork Financial Advisors
holds 45K shares
representing 0.11% ownership of the company.
In it’s prior filing, the firm reported owning 46K shares, representing
a decrease
of 2.97%.
The firm
increased
its portfolio allocation in SACH by 0.48% over the last quarter.
Fmr
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 99.38%.
FZIPX – Fidelity ZERO Extended Market Index Fund
holds 10K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 8K shares, representing
an increase
of 20.26%.
The firm
increased
its portfolio allocation in SACH by 11.45% over the last quarter.
Sachem Capital Background Information
(This description is provided by the company.)
Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans. It offers short term (i.e., three years or less) secured, nonbanking loans (sometimes referred to as ‘hard money’ loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The company does not lend to owner occupants. The company’s primary underwriting criteria is a conservative loan to value ratio. The properties securing the company’s loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate. Each loan is also personally guaranteed by the principal(s) of the borrower, which guaranty may be collaterally secured by a pledge of the guarantor’s interest in the borrower. The company also makes opportunistic real estate purchases apart from its lending activities. The company believes that it qualifies as a real estate investment trust (REIT) for federal income tax purposes and has elected to be taxed as a REIT beginning with its 2017 tax year.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
