Sachem Capital initiated with a Buy at Alliance Global Partners

Alliance Global Partners initiated coverage of Sachem Capital with a Buy rating and $4.50 price target. The Buy rating is based on the company’s diversified loan portfolio with disciplined loan underwriting, multiple ways to grow the portfolio, balance sheet with liquidity to address debt maturities and be opportunistic to pursue growth opportunities, and a common dividend yield of 10.5%, the analyst tells investors in a research note.