Sachem Capital Corp. (NYSE American:SACH) traded at a new 52-week high today of $5.68. So far today approximately 481,000 shares have been exchanged, as compared to an average 30-day volume of 166,000 shares.
Sachem Capital Corp is a real estate finance company that 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. The objective of the company 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 $5.37, Sachem Capital Corp. is currently 7.6% above its average consensus analyst price target of $4.96.
Sachem Capital Corp. share prices have moved between a 52-week high of $5.68 and a 52-week low of $1.23 and are now trading 336% above that low price at $5.37 per share.
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