SACH - Watch for Continued Gains in Shares of Sachem Capital Corp. (SACH)

Sachem Capital Corp. (NYSE American:SACH) traded today at a new 52-week high of $6.04. This new high was reached on approximately average trading volume as 313,000 shares traded hands, while the average 30-day volume is approximately 341,000 shares.

Sachem Capital Corp. (NYSE American:SACH) defies analysts with a current price ($6.04) 3.6% above its average consensus price target of $5.82.

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.

Over the past year, Sachem Capital Corp. has traded in a range of $3.88 to $6.04 and is now at $6.04, 56% above that low.

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