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US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Is Gold Really Boring? (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
Is Gold Really Boring? (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
Is Gold Really Boring? (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Is Gold Really Boring? (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
Is Gold Really Boring? (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
Is Gold Really Boring? (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Is Gold Really Boring? (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
Is Gold Really Boring? (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
Is Gold Really Boring? (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
NYSE:RC

Ready Capital (RC) Stock Forecast, Price & News

$10.37
-0.21 (-1.98%)
(As of 09/26/2023 ET)
Compare
Today's Range
$10.37
$10.59
50-Day Range
$10.36
$11.94
52-Week Range
$9.36
$13.74
Volume
1.11 million shs
Average Volume
1.15 million shs
Market Capitalization
$1.78 billion
P/E Ratio
3.93
Dividend Yield
5.40%
Price Target
$12.71

Ready Capital MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
22.6% Upside
$12.71 Price Target
Short Interest
Bearish
4.06% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Ready Capital in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$284,866 Sold Last Quarter
Proj. Earnings Growth
10.71%
From $1.40 to $1.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Finance Sector

389th out of 835 stocks

Real Estate Investment Trusts Industry

82nd out of 180 stocks


RC stock logo

About Ready Capital (NYSE:RC) Stock

Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment originates SBC loans across the full life-cycle of an SBC property, including construction, bridge, stabilized, and agency channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment originates residential mortgage loans. 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 Price History

RC Stock News Headlines

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Piper Sandler Reaffirms Their Hold Rating on Ready Capital (RC)
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Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
JMP Securities Sticks to Its Buy Rating for Ready Capital (RC)
Preview: Ready Capital's Earnings
RC.PE Ready Capital Corporation 6.50% CUM PFD E
RC - Ready Capital Corporation
Ready Capital (NYSE: RC)
See More Headlines
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RC Company Calendar

Last Earnings
2/27/2023
Ex-Dividend for 7/31 Dividend
6/29/2023
Dividend Payable
7/31/2023
Today
9/27/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
98886K10
Fax
N/A
Employees
582
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$12.71
High Stock Price Forecast
$15.50
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+22.6%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$194.26 million
Pretax Margin
42.60%

Debt

Sales & Book Value

Annual Sales
$930.69 million
Cash Flow
$1.96 per share
Book Value
$16.10 per share

Miscellaneous

Free Float
170,338,000
Market Cap
$1.78 billion
Optionable
Not Optionable
Beta
1.40

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Key Executives

  • Mr. Andrew Ahlborn CPA (Age 38)
    CFO & Sec.
    Comp: $1.7M
  • Mr. Gary T. Taylor (Age 63)
    Chief Operating Officer
    Comp: $1.52M
  • Mr. Adam Zausmer (Age 44)
    Chief Credit Officer
    Comp: $1.7M
  • Mr. Thomas Edward CapasseMr. Thomas Edward Capasse (Age 66)
    Chairman, CEO & Chief Investment Officer
  • Mr. Jack Jay Ross CPA (Age 66)
    Pres & Director
  • Mr. Brian Dunn
    Director of Fin. Division
  • Mr. Alex Ovalle
    MD & National Sales Mang.
  • Mr. Richard Katzenstein
    MD & Head of Strategic Partnerships
  • David A. Cohen
    MD & Co-Head of the National Bridge Lending Platform













RC Stock - Frequently Asked Questions

Should I buy or sell Ready Capital stock right now?

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.

What is Ready Capital's stock price forecast for 2023?

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.

How have RC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Ready Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our RC earnings forecast
.

How were Ready Capital's earnings last quarter?

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%.

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

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
.

Is Ready Capital a good dividend stock?

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.

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?
What is Ready Capital's stock symbol?

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

Who are Ready Capital's major shareholders?

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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ready Capital's stock price today?

One share of RC stock can currently be purchased for approximately $10.37.

How much money does Ready Capital make?

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.

How many employees does Ready Capital have?

The company employs 582 workers across the globe.

How can I contact Ready Capital?

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.

This page (NYSE:RC) was last updated on 9/27/2023 by MarketBeat.com Staff

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