Ready Capital (RC) Scheduled to Post Quarterly Earnings on Wednesday

Ready Capital (NYSE:RC - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Ready Capital Stock Performance

Ready Capital stock traded up $0.15 during trading hours on Wednesday, hitting $8.67. The stock had a trading volume of 1,236,342 shares, compared to its average volume of 1,412,402. The company has a 50-day moving average of $8.78 and a two-hundred day moving average of $9.54. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.50 billion, a PE ratio of 3.64 and a beta of 1.40. Ready Capital has a fifty-two week low of $8.25 and a fifty-two week high of $11.97.

Ready Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.30 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.20 annualized dividend and a yield of 13.84%. Ready Capital's dividend payout ratio (DPR) is 51.28%.

Wall Street Analyst Weigh In

Several equities analysts have commented on RC shares. StockNews.com cut Ready Capital from a "buy" rating to a "hold" rating in a report on Monday, March 4th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $8.00 price target (down previously from $10.00) on shares of Ready Capital in a report on Monday, March 4th. BTIG Research cut their price target on Ready Capital from $12.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, April 17th. UBS Group cut their price target on Ready Capital from $10.50 to $9.50 and set a "neutral" rating for the company in a report on Wednesday, March 20th. Finally, B. Riley reiterated a "buy" rating and issued a $12.00 price objective (down from $13.00) on shares of Ready Capital in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Ready Capital has an average rating of "Hold" and a consensus target price of $10.93.

Insider Activity

In related news, Director Gilbert E. Nathan acquired 10,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $8.65 per share, for a total transaction of $86,500.00. Following the purchase, the director now owns 83,099 shares in the company, valued at approximately $718,806.35. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other Ready Capital news, Director Kevin M. Luebbers purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $8.43 per share, for a total transaction of $42,150.00. Following the transaction, the director now directly owns 119,925 shares in the company, valued at $1,010,967.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gilbert E. Nathan purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $8.65 per share, for a total transaction of $86,500.00. Following the completion of the transaction, the director now owns 83,099 shares in the company, valued at $718,806.35. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 17,150 shares of company stock worth $148,280. Company insiders own 0.95% of the company's stock.

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.