tiprankstipranks
Blurbs

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.

See Insiders’ Hot Stocks on TipRanks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on SACH:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More