Ready Capital Corp (NYSE:RC - Free Report) - B. Riley cut their Q2 2025 earnings estimates for shares of Ready Capital in a research report issued on Monday, July 14th. B. Riley analyst R. Binner now expects that the real estate investment trust will earn $0.02 per share for the quarter, down from their prior forecast of $0.05. The consensus estimate for Ready Capital's current full-year earnings is $0.93 per share. B. Riley also issued estimates for Ready Capital's Q3 2025 earnings at $0.08 EPS and FY2025 earnings at $0.15 EPS.
Ready Capital (NYSE:RC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.21). Ready Capital had a negative net margin of 34.40% and a positive return on equity of 5.53%. The business had revenue of $40.24 million during the quarter, compared to analyst estimates of $212.33 million.
Other equities research analysts have also issued reports about the stock. UBS Group reduced their price objective on shares of Ready Capital from $4.75 to $4.50 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods upped their price objective on shares of Ready Capital from $3.75 to $4.25 and gave the company an "underperform" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $7.04.
View Our Latest Analysis on Ready Capital
Ready Capital Trading Down 0.8%
Shares of NYSE:RC traded down $0.04 during trading on Tuesday, reaching $4.28. The stock had a trading volume of 1,630,561 shares, compared to its average volume of 2,176,681. The firm's fifty day moving average is $4.40 and its 200 day moving average is $5.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.78 and a current ratio of 1.78. Ready Capital has a 52 week low of $3.93 and a 52 week high of $9.54. The stock has a market cap of $728.93 million, a price-to-earnings ratio of -2.46 and a beta of 1.43.
Institutional Investors Weigh In On Ready Capital
A number of large investors have recently bought and sold shares of RC. Private Management Group Inc. acquired a new stake in Ready Capital in the first quarter worth $8,235,000. Nexpoint Asset Management L.P. acquired a new position in shares of Ready Capital during the first quarter valued at about $4,444,000. Vanguard Group Inc. grew its holdings in shares of Ready Capital by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 11,366,828 shares of the real estate investment trust's stock valued at $77,522,000 after buying an additional 768,891 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Ready Capital during the fourth quarter valued at about $4,393,000. Finally, Invesco Ltd. grew its holdings in shares of Ready Capital by 16.1% during the first quarter. Invesco Ltd. now owns 3,618,181 shares of the real estate investment trust's stock valued at $18,417,000 after buying an additional 502,162 shares during the last quarter. 55.87% of the stock is currently owned by institutional investors and hedge funds.
Ready Capital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date is Monday, June 30th. Ready Capital's payout ratio is -28.74%.
About Ready Capital
(
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Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.
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