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NYSE:RCReady Capital Stock Price, Forecast & News

$6.17
-0.27 (-4.19 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$5.94
Now: $6.17
$6.75
50-Day Range
$4.69
MA: $6.09
$7.80
52-Week Range
$3.92
Now: $6.17
$16.90
Volume707,100 shs
Average Volume611,633 shs
Market Capitalization$345.44 million
P/E RatioN/A
Dividend Yield24.84%
Beta1.03
Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small balance commercial (SBC) loans, small business administration (SBA) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through four segments: Loan Acquisitions; SBC Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking. The Loan Acquisitions segment acquires performing and non-performing SBC loans. The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using various loan origination channels; and originates and services multi-family loan products. The SBA Originations, Acquisitions and Servicing segment acquires, originates, and services owner-occupied loans guaranteed by the SBA. The Residential Mortgage Banking segment originates residential mortgage loans through retail, correspondent, and broker channels. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. 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.
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Ready Capital logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.41 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP98886K10
Phone212-257-4600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$229.92 million
Cash Flow$1.58 per share
Book Value$13.85 per share

Profitability

Net Income$72.97 million

Miscellaneous

Employees417
Market Cap$345.44 million
Next Earnings Date8/5/2020 (Estimated)
OptionableNot Optionable

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Ready Capital (NYSE:RC) Frequently Asked Questions

How has Ready Capital's stock been impacted by COVID-19 (Coronavirus)?

Ready Capital's stock was trading at $11.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RC stock has decreased by 47.1% and is now trading at $6.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ready Capital?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ready Capital.

When is Ready Capital's next earnings date?

Ready Capital is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Ready Capital.

How were Ready Capital's earnings last quarter?

Ready Capital Corp (NYSE:RC) posted its earnings results on Monday, May, 11th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.35. The real estate investment trust had revenue of $22.62 million for the quarter, compared to analyst estimates of $24.87 million. Ready Capital had a positive return on equity of 7.30% and a negative net margin of 2.77%. View Ready Capital's earnings history.

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

Ready Capital announced a quarterly dividend on Friday, March 13th. Investors of record on Tuesday, March 31st will be given a dividend of $0.40 per share on Thursday, April 30th. This represents a $1.60 annualized dividend and a dividend yield of 25.93%. The ex-dividend date is Monday, March 30th. View Ready Capital's dividend history.

What price target have analysts set for RC?

6 brokerages have issued 12 month price targets for Ready Capital's shares. Their forecasts range from $7.50 to $17.50. On average, they anticipate Ready Capital's stock price to reach $15.00 in the next year. This suggests a possible upside of 143.1% from the stock's current price. View analysts' price targets for Ready Capital.

Has Ready Capital been receiving favorable news coverage?

Media headlines about RC stock have trended somewhat negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ready Capital earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutReady Capital.

Who are some of Ready Capital's key competitors?

What other stocks do shareholders of Ready Capital own?

Who are Ready Capital's key executives?

Ready Capital's management team includes the following people:
  • Mr. Frederick C. Herbst, Chief Financial Officer (Age 62)
  • Ms. Carole A. Mortensen, Chief Operating Officer (Age 48)
  • Mr. Thomas Edward Capasse, Chairman & CEO (Age 62)
  • Mr. Jack Jay Ross CPA, Pres & Director (Age 62)
  • Mr. Gary T. Taylor, Chief Operating Officer (Age 59)

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. (12.40%), State Street Corp (3.27%), Invesco Ltd. (2.74%), Raymond James & Associates (1.57%), American Financial Group Inc. (1.12%) and Geode Capital Management LLC (1.00%). Company insiders that own Ready Capital stock include Andrew Ahlborn, Gary Taylor, Jack J Ross, Thomas Buttacavoli, Thomas E Capasse and Todd M Sinai. View institutional ownership trends for Ready Capital.

Which major investors are selling Ready Capital stock?

RC stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, American Financial Group Inc., TCW Group Inc., Morgan Stanley, SG Americas Securities LLC, Wells Fargo & Company MN, Orinda Asset Management LLC, and JPMorgan Chase & Co.. View insider buying and selling activity for Ready Capital.

Which major investors are buying Ready Capital stock?

RC stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., State Street Corp, BlackRock Inc., Nuveen Asset Management LLC, Matarin Capital Management LLC, WINTON GROUP Ltd, West Family Investments Inc., and Geode Capital Management LLC. Company insiders that have bought Ready Capital stock in the last two years include Andrew Ahlborn, Gary Taylor, Jack J Ross, Thomas Buttacavoli, Thomas E Capasse, and Todd M Sinai. View insider buying and selling activity for Ready Capital.

How do I buy shares of Ready Capital?

Shares of RC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ready Capital's stock price today?

One share of RC stock can currently be purchased for approximately $6.17.

How big of a company is Ready Capital?

Ready Capital has a market capitalization of $345.44 million and generates $229.92 million in revenue each year. The real estate investment trust earns $72.97 million in net income (profit) each year or $1.54 on an earnings per share basis. Ready Capital employs 417 workers across the globe.

What is Ready Capital's official website?

The official website for Ready Capital is www.sutherlandam.com.

How can I contact Ready Capital?

Ready Capital's mailing address is 1251 AVENUE OF THE AMERICAS 50TH FLOOR, NEW YORK NY, 10020. The real estate investment trust can be reached via phone at 212-257-4600.

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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