Ready Capital - RC Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last twelve months. 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 brokerages have issued twelve-month target prices for Ready Capital's shares. Their RC share price forecasts range from $11.50 to $16.00. On average, they anticipate the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 4.0% 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 stock has increased by 20.8% and is now trading at $13.46.
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Ready Capital saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,700,000 shares, a drop of 21.3% from the December 31st total of 4,700,000 shares. Based on an average daily volume of 838,500 shares, the days-to-cover ratio is currently 4.4 days.
View Ready Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our RC earnings forecast.

Ready Capital Co. (NYSE:RC) released its earnings results on Thursday, February, 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.17. Ready Capital had a net margin of 40.27% and a trailing twelve-month return on equity of 12.46%. During the same period last year, the company posted $0.51 EPS.

Ready Capital declared a quarterly dividend on Thursday, December 15th. Investors of record on Friday, December 30th will be paid a dividend of $0.40 per share on Tuesday, January 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for RC.

Ready Capital (NYSE:RC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 11.86%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, RC will have a dividend payout ratio of 98.16% 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 institutional and retail investors. Top institutional investors include Mission Wealth Management LP (1.58%), Clear Harbor Asset Management LLC (0.24%), Patton Albertson Miller Group LLC (0.14%), Concorde Asset Management LLC (0.13%), New York State Teachers Retirement System (0.12%) and Magnus Financial Group LLC (0.10%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Gary Taylor, Gilbert E Nathan, Jack J Ross, Thomas Buttacavoli, Thomas E Capasse and Todd M Sinai.
View institutional ownership trends.

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 $13.46.

Ready Capital (NYSE:RC) has a market capitalization of $1.49 billion and generates $403.50 million in revenue each year. The real estate investment trust earns $157.74 million in net income (profit) each year or $2.29 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.