UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Ready Capital Co. (NYSE:RC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Ready Capital Co. (NYSE:RC - Free Report) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 432,540 shares of the real estate investment trust's stock after acquiring an additional 70,314 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of Ready Capital worth $2,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RC. Charles Schwab Investment Management Inc. increased its holdings in shares of Ready Capital by 21.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,266,585 shares of the real estate investment trust's stock valued at $15,458,000 after acquiring an additional 398,005 shares in the last quarter. Barclays PLC increased its holdings in shares of Ready Capital by 205.9% during the third quarter. Barclays PLC now owns 484,986 shares of the real estate investment trust's stock valued at $3,699,000 after acquiring an additional 326,467 shares in the last quarter. Vanguard Group Inc. increased its holdings in Ready Capital by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 11,366,828 shares of the real estate investment trust's stock worth $77,522,000 after buying an additional 768,891 shares in the last quarter. GraniteShares Advisors LLC bought a new stake in Ready Capital in the 4th quarter worth about $2,480,000. Finally, Raymond James Financial Inc. bought a new stake in Ready Capital in the 4th quarter worth about $1,839,000. 55.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on RC. Citizens Jmp cut Ready Capital from an "outperform" rating to a "market perform" rating in a research report on Monday, March 3rd. UBS Group lowered their price objective on Ready Capital from $4.75 to $4.50 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Wedbush reaffirmed a "neutral" rating and set a $6.00 price objective (down from $8.00) on shares of Ready Capital in a research report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods lowered their price objective on Ready Capital from $4.00 to $3.75 and set an "underperform" rating on the stock in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.96.

Ready Capital Stock Performance

Shares of RC traded up $0.11 during mid-day trading on Friday, reaching $4.31. The company had a trading volume of 1,524,087 shares, compared to its average volume of 2,142,334. The stock has a market capitalization of $734.03 million, a P/E ratio of -6.15 and a beta of 1.47. The stock has a 50 day moving average of $4.42 and a two-hundred day moving average of $5.81. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. Ready Capital Co. has a 52-week low of $3.93 and a 52-week high of $9.54.

Ready Capital (NYSE:RC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.21). The company had revenue of $40.24 million for the quarter, compared to analysts' expectations of $212.33 million. Ready Capital had a positive return on equity of 7.53% and a negative net margin of 11.65%. On average, analysts expect that Ready Capital Co. will post 0.93 earnings per share for the current year.

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.