SACH - Sachem Capital Corp.: 52-Week High Recently Eclipsed (SACH)
Shares of Sachem Capital Corp. (NYSE American:SACH) traded today at $6.40, eclipsing its 52-week high. So far today approximately 251,000 shares have been exchanged, as compared to an average 30-day volume of 337,000 shares.
Sachem Capital Corp. (NYSE American:SACH) is currently priced 6.5% above its average consensus analyst price target of $5.99.
Sachem Capital Corp is a United States-based real estate investment trust. The company specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located in Connecticut. Its primary objective is to grow the loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to shareholders over the long term through dividends.
Sachem Capital Corp. share prices have moved between a 52-week high of $6.40 and a 52-week low of $4.08 and are now trading 57% above that low price at $6.40 per share.
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