Sachem Capital (SACH) Gets a Buy Rating from Aegis Capital

In a report issued on May 12, Brian Hollendan from Aegis Capital reiterated a Buy rating on Sachem Capital (SACHResearch Report), with a price target of $8.00. The company’s shares closed last Tuesday at $4.53.

Hollendan has an average return of 5.2% when recommending Sachem Capital.

According to TipRanks.com, Hollendan is ranked #5761 out of 7949 analysts.

Sachem Capital has an analyst consensus of Strong Buy, with a price target consensus of $7.25, a 63.3% upside from current levels. In a report issued on April 27, Oppenheimer also initiated coverage with a Buy rating on the stock with a $6.00 price target.

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Sachem Capital’s market cap is currently $166M and has a P/E ratio of 10.48.

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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.

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