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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Ready Capital has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.00, Ready Capital has a potential upside of 143.1% from its current price of $6.17.
Amount of Analyst Coverage
Ready Capital has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Ready Capital has received 204 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ready Capital has received 219 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ready Capital has received 51.77% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ready Capital and other stocks. Vote “Outperform” if you believe RC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RC will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Ready Capital is a leading dividend payer. It pays a dividend yield of 24.84%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ready Capital has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Ready Capital is 103.90 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Ready Capital will have a dividend payout ratio of 155.34 % in the coming year. This indicates that Ready Capital may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ready Capital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $738,825.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.79% of the stock of Ready Capital is held by insiders.
Percentage Held by Institutions
44.95% of the stock of Ready Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Ready Capital are expected to decrease by -3.74% in the coming year, from $1.07 to $1.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ready Capital is -205.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ready Capital is -205.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ready Capital has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.41 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryMortgage REITs

SectorFinance

Current SymbolNYSE:RC

Previous Symbol

CUSIP98886K10

CIK1527590

Webwww.sutherlandam.com

Phone212-257-4600

Debt

Debt-to-Equity Ratio0.57

Current Ratio1.48

Quick Ratio1.48

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio5.77

P/E GrowthN/A

Sales & Book Value

Annual Sales$229.92 million

Price / Sales1.50

Cash Flow$1.58 per share

Price / Cash Flow3.91

Book Value$13.85 per share

Price / Book0.45

Profitability

EPS (Most Recent Fiscal Year)$1.54

Net Income$72.97 million

Net Margins-2.77%

Return on Equity7.30%

Return on Assets1.24%

Miscellaneous

Employees417

Outstanding Shares55,987,000

Market Cap$345.44 million

Next Earnings Date8/5/2020 (Estimated)

OptionableNot Optionable

Receive RC News and Ratings via Email

Sign-up to receive the latest news and ratings for RC and its competitors with MarketBeat's FREE daily newsletter.

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?

Some companies that are related to Ready Capital include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), CHIMERA INVT CO/SH NEW (CIM), Apollo Commercial Real Est. Finance (ARI), Two Harbors Investment (TWO), PennyMac Mortgage Investment Trust (PMT), Colony Capital (CLNY), NY MTG TR INC/SH (NYMT), MFA FINL INC/SH (MFA), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Invesco Mortgage Capital (IVR) and Dynex Capital (DX). View all competitors.

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 Oaktree Specialty Lending (OCSL), New Residential Investment (NRZ), Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), NGL Energy Partners (NGL), NY MTG TR INC/SH (NYMT), Global Medical REIT (GMRE), Ares Capital (ARCC) and Two Harbors Investment (TWO).

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