Market Mover: Sachem Capital (SACH) Rises at Midday June 21

Equities Staff  |

Sachem Capital Corp (NYSE: SACH) has gained $0.35 (9.14%) and is currently sitting at $4.18, as of 12:05:58 est on June 21.

184,185 shares have exchanged hands.

The Company has decreased 11.34% over the last 5 days and shares fell 23.40% over the last 30 days.

Sachem Capital expects its next earnings on 2022-08-02.

For technical charts, analysis, and more on Sachem Capital visit the company profile.

About Sachem Capital Corp

Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans. It offers short term (i.e., three years or less) secured, non­banking loans (sometimes referred to as 'hard money' loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The company does not lend to owner occupants. The company's primary underwriting criteria is a conservative loan to value ratio. The properties securing the company's loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate. Each loan is also personally guaranteed by the principal(s) of the borrower, which guaranty may be collaterally secured by a pledge of the guarantor's interest in the borrower. The company also makes opportunistic real estate purchases apart from its lending activities. The company believes that it qualifies as a real estate investment trust (REIT) for federal income tax purposes and has elected to be taxed as a REIT beginning with its 2017 tax year.

To get more information on Sachem Capital Corp and to follow the company's latest updates, you can visit the company's profile page here: Sachem Capital Corp's Profile. For more news on the financial markets be sure to visit Equities News. Also, don't forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Symbol info widget is provided by TradingView based on 15-minute-delayed prices. All other article data is provided by IEX Cloud on 15-minute delayed prices or EOD company info.

Stock price data is provided by IEX Cloud on a 15-minute delayed basis. Chart price data is provided by TradingView on a 15-minute delayed basis.

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