Ready Capital (NYSE:RC - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.
RC has been the subject of a number of other reports. Wall Street Zen cut Ready Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. UBS Group cut their price target on Ready Capital from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. B. Riley cut their price target on Ready Capital from $6.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on Ready Capital from $4.25 to $3.75 and set an "underperform" rating for the company in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $5.45.
Check Out Our Latest Stock Report on RC
Ready Capital Stock Up 3.1%
Shares of NYSE RC opened at $3.62 on Wednesday. The stock has a market cap of $594.87 million, a PE ratio of -1.96 and a beta of 1.45. The business has a fifty day moving average of $4.07 and a two-hundred day moving average of $4.34. Ready Capital has a 52-week low of $3.50 and a 52-week high of $7.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 1.61.
Ready Capital (NYSE:RC - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of ($9.77) million for the quarter, compared to the consensus estimate of $167.26 million. As a group, equities research analysts expect that Ready Capital will post 0.93 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Ready Capital
Several institutional investors have recently modified their holdings of RC. Nomura Asset Management Co. Ltd. grew its position in shares of Ready Capital by 163.6% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the real estate investment trust's stock worth $25,000 after buying an additional 3,600 shares during the period. Larson Financial Group LLC acquired a new position in shares of Ready Capital during the 1st quarter worth about $27,000. US Bancorp DE grew its position 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 worth $31,000 after buying an additional 4,828 shares during the period. Bogart Wealth LLC acquired a new position in shares of Ready Capital during the 2nd quarter worth about $31,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ready Capital in the 1st quarter valued at approximately $32,000. 55.87% of the stock is currently owned by institutional investors and hedge funds.
Ready Capital Company Profile
(
Get Free Report)
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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