Sachem Capital (SACH) Gets a Buy Rating from EF Hutton

EF Hutton analyst Edward Reilly reiterated a Buy rating on Sachem Capital (SACHResearch Report) on May 11 and set a price target of $7.00. The company’s shares closed last Tuesday at $4.53.

Reilly has an average return of 5.8% when recommending Sachem Capital.

According to TipRanks.com, Reilly is ranked #7150 out of 7949 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sachem Capital with a $7.25 average price target, which is 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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Based on Sachem Capital’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.34 million and net profit of $4.35 million. In comparison, last year the company earned revenue of $3.25 million and had a net profit of $2.18 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.

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