NYSE:RC

Ready Capital (RC) Stock Price, News & Analysis

$8.77
-0.10 (-1.13%)
(As of 11:21 AM ET)
Today's Range
$8.70
$8.82
50-Day Range
$8.29
$9.29
52-Week Range
$8.25
$11.97
Volume
257,186 shs
Average Volume
1.41 million shs
Market Capitalization
$1.51 billion
P/E Ratio
3.75
Dividend Yield
13.68%
Price Target
$10.93

Ready Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
23.3% Upside
$10.93 Price Target
Short Interest
Bearish
6.29% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.21mentions of Ready Capital in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$148,280 Bought Last Quarter
Proj. Earnings Growth
11.29%
From $1.24 to $1.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.99 out of 5 stars

Finance Sector

503rd out of 854 stocks

Real Estate Investment Trusts Industry

105th out of 181 stocks

RC stock logo

About Ready Capital Stock (NYSE:RC)

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. The LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and acquires purchased future receivables. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.

RC Stock Price History

RC Stock News Headlines

How to camouflage a factory of 53,000 workers
"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." The former Goldman Sachs VP – who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio – is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."
Ready Capital (NYSE:RC) PT Lowered to $10.00
Dragon’s Dogma 2: How To Use Dye
Ready Capital Corporation (RC)
How to camouflage a factory of 53,000 workers
"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." The former Goldman Sachs VP – who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio – is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."
In-Depth Examination Of 4 Analyst Recommendations For Ready Capital
Ready Capital: Another Distribution Cut Looks Probable
Ready Capital: Q4 Earnings Insights
BRI's CPEC Bright Future
RC Mar 2024 7.500 call
RC Dec 2024 10.000 call
See More Headlines
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Company Calendar

Last Earnings
2/27/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
4/23/2024
Dividend Payable
4/30/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
98886K10
Fax
N/A
Employees
374
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$10.93
High Stock Price Target
$14.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+23.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$339.45 million
Pretax Margin
37.90%

Debt

Sales & Book Value

Annual Sales
$945.81 million
Cash Flow
$1.50 per share
Book Value
$14.68 per share

Miscellaneous

Free Float
170,916,000
Market Cap
$1.53 billion
Optionable
Optionable
Beta
1.40

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RC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ready Capital stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RC, but not buy additional shares or sell existing shares.
View RC analyst ratings
or view top-rated stocks.

What is Ready Capital's stock price target for 2024?

6 brokerages have issued twelve-month price targets for Ready Capital's stock. Their RC share price targets range from $8.00 to $14.00. On average, they predict the company's share price to reach $10.93 in the next year. This suggests a possible upside of 23.3% from the stock's current price.
View analysts price targets for RC
or view top-rated stocks among Wall Street analysts.

How have RC shares performed in 2024?

Ready Capital's stock was trading at $10.25 at the start of the year. Since then, RC stock has decreased by 13.5% and is now trading at $8.8650.
View the best growth stocks for 2024 here
.

When is Ready Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our RC earnings forecast
.

How were Ready Capital's earnings last quarter?

Ready Capital Co. (NYSE:RC) posted its quarterly earnings data on Monday, February, 27th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The real estate investment trust had revenue of $249.49 million for the quarter, compared to analysts' expectations of $73.45 million. Ready Capital had a net margin of 35.69% and a trailing twelve-month return on equity of 7.99%.

How often does Ready Capital pay dividends? What is the dividend yield for Ready Capital?

Ready Capital declared a quarterly dividend on Friday, March 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.30 per share on Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 13.54%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for RC
.

Is Ready Capital a good dividend stock?

Ready Capital (NYSE:RC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 13.78%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, RC will have a dividend payout ratio of 86.96% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RC.

What is Randy Fowlie's approval rating as Ready Capital's CEO?

6 employees have rated Ready Capital Chief Executive Officer Randy Fowlie on Glassdoor.com. Randy Fowlie has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Ready Capital own?
Who are Ready Capital's major shareholders?

Ready Capital's stock is owned by many different retail and institutional investors. Top institutional investors include &PARTNERS (0.11%), Norden Group LLC (0.07%), Sunbelt Securities Inc. (0.04%), Arcus Capital Partners LLC (0.03%), MJP Associates Inc. ADV (0.02%) and Kovack Advisors Inc. (0.01%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Dominique Mielle, Gilbert E Nathan, Kevin M Luebbers, Thomas E Capasse and Thomas E Capasse.
View institutional ownership trends
.

How do I buy shares of Ready Capital?

Shares of RC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RC) was last updated on 4/24/2024 by MarketBeat.com Staff

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