In a report released yesterday, Benjamin Zucker from Aegis Capital initiated coverage with a Buy rating on Sachem Capital Corp (SACH) and a price target of $6.25. The company’s shares closed yesterday at $5.10.
According to TipRanks.com, Zucker is ranked #2588 out of 5229 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sachem Capital Corp with a $6.25 average price target.
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Based on Sachem Capital Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $2.06 million. In comparison, last year the company had a net profit of $2.21 million.
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Sachem Capital Corp. is a real estate finance company, which engages in the provision of real estate investment trust services. It offers originating, underwriting, funding, servicing, and managing services for a portfolio of short-term loans. The company was founded in January 2016 and is headquartered in Bradford, CT.
