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
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$10.59
50-Day Range: $10.36
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$11.94
52-Week Range: $9.36
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$13.74

Volume: 1.11 million shs
Average Volume: 1.40 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: 0.90
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.

2.51 out of 5 stars

Finance Sector

387th out of 832 stocks

Real Estate Investment Trusts Industry

82nd out of 178 stocks

2.2

Analyst's Opinion

Consensus Rating
Ready Capital has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.71, Ready Capital has a forecasted upside of 22.6% from its current price of $10.37.
Amount of Analyst Coverage
Ready Capital has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.06% of the outstanding shares of Ready Capital have been sold short.
Short Interest Ratio / Days to Cover
Ready Capital has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in Ready Capital has recently increased by 12.58%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Ready Capital is a leading dividend payer. It pays a dividend yield of 5.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ready Capital does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ready Capital is 21.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ready Capital will have a dividend payout ratio of 36.13% next year. This indicates that Ready Capital will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RC.

2.7

News and Social Media Coverage

News Sentiment
Ready Capital has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Ready Capital this week, compared to 2 articles on an average week.
Search Interest
Only 11 people have searched for RC on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.
MarketBeat Follows
12 people have added Ready Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ready Capital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $284,866.00 in company stock.
Percentage Held by Insiders
Only 0.95% of the stock of Ready Capital is held by insiders.
Percentage Held by Institutions
52.07% of the stock of Ready Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ready Capital are expected to grow by 10.71% in the coming year, from $1.40 to $1.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ready Capital is 3.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ready Capital is 3.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 85.61.
Price to Book Value per Share Ratio
Ready Capital has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

RC Stock News Headlines

September 18, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Ready Capital (RC) and Lennar (LEN)

September 15, 2023 | finance.yahoo.com

Ready Capital Corporation Declares Third Quarter 2023 Dividends

September 27, 2023 | Chaikin Analytics (Ad)

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September 6, 2023 | finance.yahoo.com

One Clippinger Downtown Sacramento building bankruptcy resolved with sale, another ongoing

September 3, 2023 | seekingalpha.com

Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark

August 29, 2023 | msn.com

B. Riley Securities Reiterates Ready Capital (RC) Buy Recommendation

August 8, 2023 | msn.com

Ready Capital: Leverage Vs. Distributions

August 8, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Hold Rating on Ready Capital (RC)

September 27, 2023 | Legacy Research (Ad)

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August 8, 2023 | markets.businessinsider.com

JMP Securities Sticks to Its Buy Rating for Ready Capital (RC)

August 8, 2023 | finance.yahoo.com

Ready Capital Corporation Reports Second Quarter 2023 Results

August 4, 2023 | benzinga.com

Preview: Ready Capital's Earnings

August 1, 2023 | seekingalpha.com

RC.PE Ready Capital Corporation 6.50% CUM PFD E

July 31, 2023 | finance.yahoo.com

Ready Capital Corporation Announces Second Quarter 2023 Results and Webcast Call

July 16, 2023 | finance.yahoo.com

Ready Capital Corporation (NYSE:RC) surges 4.8%; individual investors who own 58% shares profited along with institutions

July 12, 2023 | finance.yahoo.com

Ready Capital Teams Up with Esusu to Help Multifamily Sponsors Bolster Credit Scores for Renters

July 8, 2023 | wsj.com

Ready Capital Corp. 6.5% Cum. Redeem. Pfd. Series E

July 6, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Ready Capital (RC) Stock?

June 28, 2023 | msn.com

Ready Capital: Why Decreased Distributable Earnings Are Not Frightening

June 21, 2023 | au.finance.yahoo.com

RC - Ready Capital Corporation

June 20, 2023 | fool.com

Ready Capital (NYSE: RC)

June 15, 2023 | finance.yahoo.com

Ready Capital Corporation Declares Second Quarter 2023 Preferred Dividends

June 15, 2023 | msn.com

Ready Capital Series E declares $0.4062 dividend

June 5, 2023 | finance.yahoo.com

Ready Capital (RC) Rolls Out $100M Share Repurchase Program

June 1, 2023 | msn.com

Ready Capital OKs $100M stock buyback

June 1, 2023 | finance.yahoo.com

Ready Capital to Present at Nareit’s REITweek 2023

June 1, 2023 | finance.yahoo.com

Ready Capital Corporation Announces New Share Repurchase Program

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Sector: Finance
Current Symbol: NYSE:RC
CUSIP: 98886K10
CIK: 1527590
Web: www.sutherlandam.com
Phone: (212) 257-4600
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

EPS (Most Recent Fiscal Year): $2.64
Trailing P/E Ratio: 3.93
Forward P/E Ratio: 7.41
P/E Growth: N/A
Net Income: $194.26 million
Net Margins: 40.49%
Pretax Margin: 42.60%
Return on Equity: 9.24%
Return on Assets: 1.56%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 1.63
Quick Ratio: 1.63

Sales & Book Value

Annual Sales: $930.69 million
Price / Sales: 1.92
Cash Flow: $1.96 per share
Price / Cash Flow: 5.29
Book Value: $16.10 per share
Price / Book: 0.64

Miscellaneous

Outstanding Shares: 171,970,000
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 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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.
What ETFs hold Ready Capital's stock?: 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).
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?: 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).
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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