Sachem Capital: Stock Gives Back Recent Gains After Reporting Earnings [Seeking Alpha]
Sachem Capital Corp. Common Shares (SACH)
NASDAQ:AMEX Investor Relations:
sachemcapitalcorp.com
Company Research
Source: Seeking Alpha
The company's loan policy has become even tighter, limiting new loans to 1-year terms with the option to extend. Sachem's foreclosure rate has almost doubled in the last year, indicating potential future defaults and possible cuts in dividends. The company's exposure to the commercial real estate market remains high. Sachem Capital Corp. NYSE: SACH ) just announced its financial results for the full year of 2023. This caused the stock to drop -17% during the day and give back virtually all of its gains from the pre-earnings run up. The stock is now down to where it was a month ago. Sachem Capital's Q4 Results In A Nutshell I originally covered this stock in a previous article last year titled "Sachem Capital: High Yield Is Tempting But Try To Limit Your Position Size." The company's recent results don't seem to change the thesis from my original article very much. First, let's dive into the company's results. During the year, the company saw a sharp drop on revenues from
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SACH
News
- Sachem Capital: Avoid The 12% Common Dividend Yield For The Bonds [Seeking Alpha]Seeking Alpha
- Sachem Capital Corp. (AMEX:SACH) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sachem Capital Reports Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
- Sachem Capital Reports Full Year 2023 ResultsGlobeNewswire
- Sachem Capital Corp. Announces Dividend of $0.11 Per ShareGlobeNewswire
SACH
Earnings
- 11/13/23 - Beat
SACH
Sec Filings
- 4/2/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/20/24 - Form 4
- SACH's page on the SEC website