Oppenheimer initiated coverage on Sachem Capital with a new price target
$SACH
Real Estate Investment Trusts
Real Estate
Oppenheimer initiated coverage of Sachem Capital with a rating of Outperform and set a new price target of $6.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | Buy → Neutral | Alliance Global Partners | |
| 3/18/2024 | $4.50 | Buy | Alliance Global Partners |
| 11/14/2022 | Mkt Perform | JMP Securities | |
| 4/28/2022 | $6.00 | Outperform | Oppenheimer |
BRANFORD, Conn., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH), a real estate lender specializing 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 third quarter ended September 30, 2024. "While origination activity remains muted, we continue to see significant proprietary deal flow, as traditional banks remain on the sidelines," said John Villano, CPA, Sachem Capital's Chief Executive Officer. "During the quarter, we maintained discipline with short-term debt coming due, but executed several strategic initiatives, including diversifying our bus
BRANFORD, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.05 per share to be paid to shareholders of record as of the close of trading on the NYSE American on November 18, 2024. The dividend is payable on November 26, 2024. Additionally, the Company announced today that it will release the third quarter 2024 financial results before market open on Thursday, November 14, 2024. A webcast and conference call to discuss the results will be held on Thursday, November 14, 2024, at 8:00 a.m. Eastern Time. Webcast:A webcast of the conference call will be available on the Invest
- Company to Host Webcast and Conference Call - BRANFORD, Conn., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE: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. John Villano, CPA, Sachem Capital's Chief Executive Officer, stated: "During the second quarter, we maintained our disciplined approach across our business by retaining cash, being selective with our lending, and exercising prudence in our borrowing. Specifically, in the second quarter we reduced the total amount
BRANFORD, Conn., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH), a real estate lender specializing 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 third quarter ended September 30, 2024. "While origination activity remains muted, we continue to see significant proprietary deal flow, as traditional banks remain on the sidelines," said John Villano, CPA, Sachem Capital's Chief Executive Officer. "During the quarter, we maintained discipline with short-term debt coming due, but executed several strategic initiatives, including diversifying our bus
BRANFORD, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.05 per share to be paid to shareholders of record as of the close of trading on the NYSE American on November 18, 2024. The dividend is payable on November 26, 2024. Additionally, the Company announced today that it will release the third quarter 2024 financial results before market open on Thursday, November 14, 2024. A webcast and conference call to discuss the results will be held on Thursday, November 14, 2024, at 8:00 a.m. Eastern Time. Webcast:A webcast of the conference call will be available on the Invest
BRANFORD, Conn., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) announced today it has acquired a 20% membership interest for $5 million in Shem Creek Capital, LLC, the third-party management company of the Shem Creek ("Shem") private credit funds. Sachem also has the option to acquire up to an additional 10% membership interest in Shem, by early 2027, at a set valuation. Shem, established in 2008, is a commercial real estate finance company with a focus on providing debt capital solutions to local and regional commercial real estate owners in the Northeastern United States. Shem invests primarily in first mortgage loans secured by commercial real estate assets, notabl
8-K - Sachem Capital Corp. (0001682220) (Filer)
10-Q/A - Sachem Capital Corp. (0001682220) (Filer)
8-K - Sachem Capital Corp. (0001682220) (Filer)
The company had intended to offer USD-denominated unsecured, unsubordinated notes due five years from the date of issuance.
John Villano, who previously served as both Chief Executive Officer and interim Chief Financial Officer, will continue to serve as the Company's Chief Executive Officer.
Oppenheimer analyst Tyler Batory maintains Sachem Cap (AMEX:SACH) with a Outperform and lowers the price target from $5 to $4.5.
Alliance Global Partners downgraded Sachem Capital from Buy to Neutral
Alliance Global Partners initiated coverage of Sachem Capital with a rating of Buy and set a new price target of $4.50
JMP Securities initiated coverage of Sachem Capital with a rating of Mkt Perform
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 industry, especially in public company leadership, accounting and capital markets, will be invaluable to Sachem Capital as we grow our business and pursue value creation for our sharehol
BRANFORD, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) today announced the appointment of Nicholas M. Marcello, as its interim Chief Financial Officer, effective immediately. John Villano, CPA, who previously served as both Chief Executive Officer and interim Chief Financial Officer, will continue to serve as the Company's Chief Executive Officer. Mr. Marcello has held various roles at the Company, including his most recent position as Vice President of Finance & Operations. Mr. Marcello's responsibilities will continue to include overseeing the Company's financial and capital markets activities, portfolio management and investment, foreclosures, workouts, leg
BRANFORD, Conn., July 27, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) announced today the appointment of John E. Warch, CPA, as the Company's new Executive Vice President and Chief Financial Officer, effective August 1, 2022. John Villano, CPA, who previously served as both Chief Executive Officer and Chief Financial Officer, will continue to serve as the Company's Chief Executive Officer. Mr. Warch is a seasoned industry executive, with over 40 years of corporate finance and accounting experience. Prior to joining Sachem, from 2013-2022, Mr. Warch served as Chief Financial Officer, Senior Vice President and Treasurer at Four Springs Capital Trust, a privately held real esta
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