Sachem Capital price target lowered to $2 from $2.50 at Oppenheimer

Oppenheimer lowered the firm’s price target on Sachem Capital (SACH) to $2 from $2.50 and keeps an Outperform rating on the shares. The firm is updating its model to reflect Sachem Capital’s Q2 results, management commentary, and its latest thinking. Oppenheimer’s estimates also include the recently announced Q3 dividend of 5c per share.