Ready Capital (RC) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RC shares.
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6 equities research analysts have issued twelve-month target prices for Ready Capital's shares. Their RC share price forecasts range from $10.50 to $16.00. On average, they predict the company's stock price to reach $13.71 in the next twelve months. This suggests a possible upside of 28.4% from the stock's current price.
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Ready Capital's stock was trading at $11.14 on January 1st, 2023. Since then, RC shares have decreased by 4.1% and is now trading at $10.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our RC earnings forecast.

Ready Capital Co. (NYSE:RC) released its quarterly earnings data on Monday, February, 27th. The real estate investment trust reported $0.42 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 net margin of 20.57% and a trailing twelve-month return on equity of 10.98%.

Ready Capital announced a quarterly dividend on Monday, May 15th. Investors of record on Tuesday, May 30th will be paid a dividend of $0.14 per share on Thursday, June 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend is Friday, May 26th.
Read our dividend analysis for RC.

ETFs with the largest weight of Ready Capital (NYSE:RC) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), VanEck Mortgage REIT Income ETF (MORT), WisdomTree Alternative Income Fund (HYIN), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Northern Lights Fund Trust IV - Inverse Cramer Tracker ETF (SJIM), iShares Mortgage Real Estate Capped ETF (REM), First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Hoya Capital High Dividend Yield ETF (RIET).

Ready Capital (NYSE:RC) pays an annual dividend of $1.90 per share and currently has a dividend yield of 17.79%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RC will have a dividend payout ratio of 116.56% in the coming year. This indicates that the company may not be able to sustain their current 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.06%), Soltis Investment Advisors LLC (1.52%), Geode Capital Management LLC (1.49%), Mission Wealth Management LP (1.32%), Parallel Advisors LLC (1.28%) and Charles Schwab Investment Management Inc. (0.79%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Dominique Mielle, Gilbert E Nathan 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 $10.68.

Ready Capital (NYSE:RC) has a market capitalization of $1.18 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 $1.33 on an earnings per share basis.

The company employs 630 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.