Shares of Sachem Capital Corp. (NYSE American:SACH) traded today at $5.81, eclipsing its 52-week high. Approximately 261,000 shares have changed hands today, as compared to an average 30-day volume of 329,000 shares.
Sachem Capital Corp. share prices have moved between a 52-week high of $5.81 and a 52-week low of $3.88 and are now trading 48% above that low price at $5.74 per share.
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.
Based on a current price of $5.74, Sachem Capital Corp. is currently 2.1% above its average consensus analyst price target of $5.62.
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