Core Viewpoint - Sachem Capital Corp. has acquired a 20% membership interest in Shem Creek Capital, LLC for $5 million, with an option to acquire an additional 10% by early 2027, indicating a strategic investment in the private credit funds managed by Shem Creek [1][2]. Group 1: Investment Details - The acquisition amount for the 20% interest in Shem Creek Capital is $5 million [1]. - Sachem has invested approximately $47 million with Shem over the past four years, generating attractive double-digit returns with no losses to date [2]. - The investment in Shem Creek is expected to diversify Sachem's business model and expand its asset management capabilities [2]. Group 2: Company Overview - Sachem Capital Corp. operates as a mortgage REIT, focusing on originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property [3]. - The company provides short-term secured, nonbanking loans to real estate investors for property acquisition, renovation, and development [3]. - Sachem's primary underwriting criteria include a conservative loan-to-value ratio, with loans secured by first mortgage liens on real estate [3].

BirdImages/E+ via Getty Images Sachem Capital (NYSE:SACH) last declared a quarterly cash dividend of $0.08 per share, a 27.3% dip from is prior quarter and $0.32 per share annualized for a 13.28% dividend yield. The dividend cut was coming, flagged in my last article on the mortgage R.EIT. SACH has now shed 30% of its value over the last 1-year, led by a sustained dip in book value which stood at roughly $3.76 per share at the end of the fiscal 2024 second quarter. Critically, there might be more dividend c ...

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 i ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

Sachem Capital Corp. (SACH) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -181.82%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.08, delivering a surprise of -11.11%. Over the last four quarters, the company has s ...

Introduction Yield to Maturity 11.88% 11.68% 11.75% 11.57% 8.23% 8.04% 6.07% 5.26% Sachem Capital Financial Results CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME PM Images Sachem Capital (NYSE:SACH) is a real estate investment trust that specializes in short-term mortgage loans to real estate investors. Recently, the company's shares experienced some volatility, related in part to the 27% reduction in its dividend. With common shares yielding just over 11%, income investors should consider one of many bab ...

Core Viewpoint - Sachem Capital Corp. has declared a quarterly dividend of $0.08 per share, payable on August 6, 2024, to shareholders of record as of July 29, 2024 [1] Company Overview - Sachem Capital Corp. operates as a mortgage REIT, focusing on originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property [3] - The company provides short-term secured, nonbanking loans to real estate investors for property acquisition, renovation, development, rehabilitation, or improvement, with a primary underwriting criterion of a conservative loan-to-value ratio [3] - Loans are secured by first mortgage liens on real estate and are personally guaranteed by the principal(s) of the borrower, with properties typically classified as residential or commercial real estate [3] - In addition to lending activities, the company also engages in opportunistic real estate purchases [3]

BRANFORD, Conn., July 19, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.08 per share to be paid to shareholders of record as of the close of trading on the NYSE American on July 29, 2024. The dividend is payable on August 6, 2024. Sachem Capital Corp. is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortga ...

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of the Notes or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. BRANFORD, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (N ...

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of the Notes or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. Sachem Capital Corp. is a mortgage REIT that specializes in originating, u ...