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Sachem Capital: I Like The Risk/Reward Of The 12% Yielding Baby Bonds
Seeking Alpha· 2024-08-26 14:30
Ashi Sae Yang/iStock via Getty Images Introduction I have been keeping track of Sachem Capital (NYSE:SACH) for several years now as I like the REIT's business model: it invests in short-term loans secured by first mortgage liens on the buildings while there tends to be additional collateral provided by the borrower as well. That being said, it is abundantly clear these are tough times for the commercial real estate space and Sachem recently had to cut its dividend on the common shares. That didn't really co ...
Sachem Capital Corp. Announces Appointment of Jeffery C. Walraven to the Board of Directors
GlobeNewswire News Room· 2024-08-26 11:00
BRANFORD, Conn., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (the "Company" or "Sachem Capital"), announced today that its Board of Directors (the "Board") has appointed Jeffery C. Walraven to the Board, effective August 21, 2024. Mr. Walraven will also stand for election at the Company's 2024 Annual Meeting of Shareholders. "We are pleased to welcome Jeffery Walraven to our Board," said John L. Villano, CEO and Chairman of the Board of Sachem Capital. "Jeff's deep experience in the real estate i ...
SACH vs. BX: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-08-20 16:41
Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Sachem Capital Corp. (SACH) and Blackstone Inc. (BX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes ...
Are Investors Undervaluing Sachem Capital (SACH) Right Now?
ZACKS· 2024-08-20 14:41
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...
Sachem Capital(SACH) - 2024 Q2 - Quarterly Results
2024-08-15 12:00
SACHEI Exhibit 99.1 SACHEM CAPITAL REPORTS SECOND QUARTER 2024 RESULTS – REPORTS QUARTERLY REVENUES OF $15.1 MILLION - Company to Host Webcast and Conference Call - BRANFORD, Conn., August 14, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH), a real estate lender that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, today announced its financial results for the second quarter ended June 30, 2024. J ...
Sachem Capital(SACH) - 2024 Q2 - Earnings Call Transcript
2024-08-14 14:06
Sachem Capital Corp. (NYSE:SACH) Q2 2024 Earnings Conference Call August 14, 2024 8:00 AM ET Company Participants Stephen Swett - Investor Relations John Villano - Chief Executive Officer Nick Marcello - Chief Financial Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Tyler Batory - Oppenheimer Chris Muller - Citizens JMP Christopher Nolan - Ladenburg Thalmann Matthew Erdner - JonesTrading Operator Greetings, and welcome to the Sachem Capital Corp. Second Quarter 2024 Earnings Co ...
Sachem Capital Corp. (SACH) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-14 13:20
Sachem Capital Corp. (SACH) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -181.82%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.08, delivering a surprise of -11.11%. Over the last four quarters, the company has s ...
Sachem Capital(SACH) - 2024 Q2 - Quarterly Report
2024-08-14 13:00
Table of Contents As of August 14, 2024, the Issuer had a total of 47,431,922 common shares, $0.001 par value per share, outstanding. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number ...
Sachem Capital: Dividend Cut Highlights 12% Yielding Bond Opportunity
Seeking Alpha· 2024-07-25 10:27
Introduction Yield to Maturity 11.88% 11.68% 11.75% 11.57% 8.23% 8.04% 6.07% 5.26% Sachem Capital Financial Results CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME PM Images Sachem Capital (NYSE:SACH) is a real estate investment trust that specializes in short-term mortgage loans to real estate investors. Recently, the company's shares experienced some volatility, related in part to the 27% reduction in its dividend. With common shares yielding just over 11%, income investors should consider one of many bab ...
Sachem Capital Corp. Announces Dividend of $0.08 Per Share
Newsfilter· 2024-07-19 11:00
BRANFORD, Conn., July 19, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.08 per share to be paid to shareholders of record as of the close of trading on the NYSE American on July 29, 2024. The dividend is payable on August 6, 2024. Sachem Capital Corp. is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortga ...