Ready Capital Corp (NYSE:RC - Free Report) - Equities research analysts at B. Riley raised their Q4 2025 earnings per share (EPS) estimates for shares of Ready Capital in a research note issued on Monday, July 14th. B. Riley analyst R. Binner now expects that the real estate investment trust will post earnings of $0.15 per share for the quarter, up from their prior estimate of $0.14. The consensus estimate for Ready Capital's current full-year earnings is $0.93 per share.
Ready Capital (NYSE:RC - Get Free Report) last released 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 firm 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 34.40% and a positive return on equity of 5.53%.
A number of other brokerages also recently issued reports on RC. 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. Keefe, Bruyette & Woods raised their price target on Ready Capital from $3.75 to $4.25 and gave the company an "underperform" rating in a report on Thursday, July 10th. 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 company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.04.
View Our Latest Analysis on Ready Capital
Ready Capital Price Performance
NYSE RC traded down $0.07 on Wednesday, hitting $4.22. The stock had a trading volume of 429,909 shares, compared to its average volume of 2,171,825. The firm has a 50-day moving average of $4.40 and a 200-day moving average of $5.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.78 and a current ratio of 1.78. Ready Capital has a 52-week low of $3.93 and a 52-week high of $9.54. The company has a market capitalization of $718.70 million, a price-to-earnings ratio of -2.42 and a beta of 1.43.
Ready Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 11.86%. The ex-dividend date of this dividend is Monday, June 30th. Ready Capital's dividend payout ratio (DPR) is currently -28.74%.
Hedge Funds Weigh In On Ready Capital
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Private Management Group Inc. purchased a new position in Ready Capital in the 1st quarter worth approximately $8,235,000. Nexpoint Asset Management L.P. purchased a new stake in shares of Ready Capital in the 1st quarter worth about $4,444,000. Vanguard Group Inc. increased its stake in shares of Ready Capital by 7.3% during 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 purchased a new position in Ready Capital during the fourth quarter valued at $4,393,000. Finally, Invesco Ltd. increased its holdings in Ready Capital by 16.1% in the 1st quarter. Invesco Ltd. now owns 3,618,181 shares of the real estate investment trust's stock worth $18,417,000 after buying an additional 502,162 shares in the last quarter. 55.87% of the stock is currently owned by hedge funds and other institutional investors.
About Ready Capital
(
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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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