Wedbush Has Bearish Estimate for Ready Capital Q2 Earnings

Ready Capital Co. (NYSE:RC - Free Report) - Stock analysts at Wedbush dropped their Q2 2025 earnings per share estimates for Ready Capital in a research note issued on Monday, May 12th. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will post earnings per share of ($0.11) for the quarter, down from their previous estimate of $0.14. Wedbush currently has a "Neutral" rating and a $6.00 target price on the stock. The consensus estimate for Ready Capital's current full-year earnings is $0.93 per share. Wedbush also issued estimates for Ready Capital's Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.16 EPS and FY2026 earnings at $0.74 EPS.

Ready Capital (NYSE:RC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.21). The business had revenue of $40.24 million during the quarter, compared to the consensus estimate of $212.33 million. Ready Capital had a negative net margin of 11.65% and a positive return on equity of 7.53%.

Several other analysts have also weighed in on RC. Keefe, Bruyette & Woods decreased their price objective on Ready Capital from $4.00 to $3.75 and set an "underperform" rating on the stock in a report on Tuesday. UBS Group reduced their target price on Ready Capital from $5.00 to $4.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Citizens Jmp lowered shares of Ready Capital from an "outperform" rating to a "market perform" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Ready Capital presently has an average rating of "Hold" and an average price target of $7.00.

Ready Capital Trading Up 0.5%

Shares of RC opened at $4.27 on Thursday. The stock's 50-day moving average price is $4.67 and its 200 day moving average price is $6.13. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $735.66 million, a price-to-earnings ratio of -6.10 and a beta of 1.45. Ready Capital has a 12-month low of $3.93 and a 12-month high of $9.54.

Institutional Trading of Ready Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Management Group Inc. acquired a new stake in shares of Ready Capital during the first quarter worth $8,235,000. Vanguard Group Inc. increased its stake in Ready Capital by 7.3% in 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 purchasing an additional 768,891 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in Ready Capital in the fourth quarter worth $4,393,000. Invesco Ltd. raised its holdings in Ready Capital by 16.1% in the first quarter. Invesco Ltd. now owns 3,618,181 shares of the real estate investment trust's stock worth $18,417,000 after purchasing an additional 502,162 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $15,458,000 after purchasing an additional 398,005 shares in the last quarter. 55.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ready Capital news, insider Adam Zausmer purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $5.42 per share, with a total value of $54,200.00. Following the completion of the acquisition, the insider now directly owns 301,105 shares of the company's stock, valued at $1,631,989.10. This represents a 3.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.09% of the company's stock.

Ready Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 11.71%. The ex-dividend date was Monday, March 31st. Ready Capital's dividend payout ratio (DPR) is -28.74%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.