TIAA Trust National Association Purchases 14,500 Shares of Sachem Capital Corp. (NYSEAMERICAN:SACH)

TIAA Trust National Association grew its stake in Sachem Capital Corp. (NYSEAMERICAN:SACH) by 43.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,500 shares of the company’s stock after acquiring an additional 14,500 shares during the quarter. TIAA Trust National Association owned about 0.10% of Sachem Capital worth $212,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SACH. Melia Wealth LLC purchased a new stake in Sachem Capital during the first quarter valued at approximately $10,046,000. Jump Financial LLC raised its holdings in shares of Sachem Capital by 112.2% in the fourth quarter. Jump Financial LLC now owns 75,628 shares of the company’s stock worth $283,000 after buying an additional 39,984 shares during the last quarter. US Financial Advisors LLC raised its holdings in shares of Sachem Capital by 9.9% in the fourth quarter. US Financial Advisors LLC now owns 362,188 shares of the company’s stock worth $1,355,000 after buying an additional 32,618 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Sachem Capital in the third quarter worth $41,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Sachem Capital in the fourth quarter worth $53,000. 18.07% of the stock is currently owned by hedge funds and other institutional investors.

Sachem Capital Stock Up 3.8 %

Shares of NYSEAMERICAN SACH traded up $0.10 during trading on Monday, hitting $2.71. The company had a trading volume of 269,479 shares, compared to its average volume of 347,249. The firm’s fifty day simple moving average is $3.68. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $128.59 million, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.14 and a beta of 1.72. Sachem Capital Corp. has a fifty-two week low of $2.43 and a fifty-two week high of $4.64.

Sachem Capital Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Monday, July 29th will be paid a $0.08 dividend. This represents a dividend yield of 11.15%. The ex-dividend date of this dividend is Monday, July 29th. Sachem Capital’s dividend payout ratio is currently 169.24%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased their price target on shares of Sachem Capital from $5.00 to $4.50 and set an “outperform” rating for the company in a report on Monday, May 20th.

Sachem Capital Company Profile

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.