107,125 Shares in Ready Capital Corp $RC Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP invested $545,000 in Ready Capital Corp, acquiring 107,125 shares, which represents about 0.06% of the company.
• Ready Capital reported a quarterly loss of ($0.14) EPS, missing analysts' estimates, and a negative net margin of 40.59% during its last earnings release.
• The firm recently declared a quarterly dividend of $0.125 per share, yielding 12.5%, but currently has a dividend payout ratio of -27.03%.

Quantbot Technologies LP bought a new stake in shares of Ready Capital Corp (NYSE:RC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 107,125 shares of the real estate investment trust's stock, valued at approximately $545,000. Quantbot Technologies LP owned 0.06% of Ready Capital as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of Ready Capital during the 1st quarter valued at $27,000. US Bancorp DE boosted its stake in shares of Ready Capital by 404.7% during the 1st quarter. US Bancorp DE now owns 6,021 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 4,828 shares during the period. IFP Advisors Inc boosted its stake in shares of Ready Capital by 1,410.5% during the 1st quarter. IFP Advisors Inc now owns 7,326 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 6,841 shares during the period. Bfsg LLC acquired a new stake in shares of Ready Capital during the 1st quarter valued at $52,000. Finally, Greenleaf Trust acquired a new stake in shares of Ready Capital during the 1st quarter valued at $55,000. Institutional investors and hedge funds own 55.87% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RC shares. UBS Group decreased their target price on shares of Ready Capital from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Keefe, Bruyette & Woods decreased their target price on shares of Ready Capital from $4.25 to $3.75 and set an "underperform" rating for the company in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of Ready Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, B. Riley reduced their price objective on shares of Ready Capital from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ready Capital has a consensus rating of "Hold" and a consensus price target of $5.88.

Ready Capital Stock Up 0.9%

Shares of RC stock traded up $0.04 on Friday, hitting $4.28. The company's stock had a trading volume of 1,480,654 shares, compared to its average volume of 2,187,321. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.61 and a quick ratio of 1.61. Ready Capital Corp has a fifty-two week low of $3.70 and a fifty-two week high of $8.41. The firm's fifty day moving average price is $4.26 and its 200-day moving average price is $4.65. The stock has a market capitalization of $703.00 million, a price-to-earnings ratio of -2.31 and a beta of 1.38.

Ready Capital (NYSE:RC - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.13). Ready Capital had a negative net margin of 40.59% and a positive return on equity of 3.76%. The business had revenue of ($9.77) million during the quarter, compared to analyst estimates of $167.26 million. Research analysts anticipate that Ready Capital Corp will post 0.93 EPS for the current year.

Ready Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 11.7%. The ex-dividend date was Monday, June 30th. Ready Capital's dividend payout ratio (DPR) is -27.03%.

Ready Capital Company Profile

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.