Analyst Price Target is $3.00
▲ +73.41% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Sachem Capital in the last 3 months. The average price target is $3.00, with a high forecast of $4.00 and a low forecast of $2.00. The average price target represents a 73.41% upside from the last price of $1.73.
Current Consensus is
Moderate Buy
The current consensus among 2 polled investment analysts is to moderate buy stock in Sachem Capital. This rating changed within the last month from a Buy consensus rating.
Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 2010 and is based in Branford, Connecticut.
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