Ready Capital (RC) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last twelve months. There are currently 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.

5 Wall Street research analysts have issued 1-year target prices for Ready Capital's shares. Their RC share price forecasts range from $10.50 to $15.50. On average, they anticipate the company's share price to reach $12.71 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
View analysts price targets for RC or view top-rated stocks among Wall Street analysts.

Ready Capital's stock was trading at $11.14 at the beginning of the year. Since then, RC stock has decreased by 6.9% and is now trading at $10.37.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our RC earnings forecast.

Ready Capital Co. (NYSE:RC) posted its earnings results 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 earned $249.49 million during the quarter, compared to the consensus estimate of $73.45 million. Ready Capital had a trailing twelve-month return on equity of 9.24% and a net margin of 40.49%.

Ready Capital declared a quarterly dividend on Friday, September 15th. Investors of record on Friday, September 29th will be given a dividend of $0.36 per share on Tuesday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 13.89%. The ex-dividend date is Thursday, September 28th. This is a boost from the stock's previous quarterly dividend of $0.14.
Read our dividend analysis for RC.

ETFs with the largest weight of Ready Capital (NYSE:RC) stock in their portfolio include VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), WisdomTree Alternative Income Fund (HYIN), Global X SuperDividend ETF (SDIV), First Trust Multi-Asset Diversified Income Index Fund (MDIV), Invesco KBW High Dividend Yield Financial ETF (KBWD).SPDR S&P 600 Small Cap ETF (SLY).

Ready Capital (NYSE:RC) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.25%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 21.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RC will have a dividend payout ratio of 36.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RC.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ready Capital investors own include New Residential Investment (NRZ), CBL & Associates Properties (CBL), Washington Prime Group (WPG), Golar LNG Partners (GMLP), Pennsylvania Real Estate Investment Trust (PEI), Gran Tierra Energy (GTE), EnLink Midstream (ENLC), DHT (DHT), CNBX Pharmaceuticals (CNBX) and Matinas BioPharma (MTNB).

Ready Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "RC."

Ready Capital's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (24.60%), State Street Corp (5.24%), Geode Capital Management LLC (2.83%), Northern Trust Corp (1.83%), Charles Schwab Investment Management Inc. (1.59%) and Mirae Asset Global Investments Co. Ltd. (1.43%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Dominique Mielle, Gilbert E Nathan, Thomas E Capasse and Thomas E Capasse.
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Shares of RC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RC stock can currently be purchased for approximately $10.37.

Ready Capital (NYSE:RC) has a market capitalization of $1.78 billion and generates $930.69 million in revenue each year. The real estate investment trust earns $194.26 million in net income (profit) each year or $2.64 on an earnings per share basis.

The company employs 582 workers across the globe.

Ready Capital's mailing address is 1251 AVENUE OF THE AMERICAS 50TH FLOOR, NEW YORK NY, 10020. The official website for the company is www.sutherlandam.com. The real estate investment trust can be reached via phone at (212) 257-4600 or via email at investorrelations@readycapital.com.