Ready Capital - RC Stock Forecast, Price & News

6 Wall Street research 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 research analysts is that investors should "buy" RC shares.
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6 brokers have issued twelve-month price targets for Ready Capital's stock. Their RC share price forecasts range from $11.50 to $16.00. On average, they predict the company's share price to reach $13.93 in the next year. This suggests a possible upside of 37.0% from the stock's current price.
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Ready Capital's stock was trading at $11.14 at the start of the year. Since then, RC shares have decreased by 8.7% and is now trading at $10.17.
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Ready Capital saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 7,080,000 shares, an increase of 71.4% from the February 28th total of 4,130,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is currently 5.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our RC earnings forecast.

Ready Capital Co. (NYSE:RC) released its earnings results on Monday, February, 27th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The real estate investment trust had revenue of $249.49 million for the quarter, compared to analyst estimates of $73.45 million. Ready Capital had a net margin of 27.22% and a trailing twelve-month return on equity of 11.52%.

Ready Capital announced a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be paid a dividend of $0.40 per share on Friday, April 28th. This represents a $1.60 annualized dividend and a dividend yield of 15.73%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for RC.

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

Ready Capital (NYSE:RC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 16.05%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.12%. 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 94.12% 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 Mission Wealth Management LP (1.58%), Soltis Investment Advisors LLC (1.54%), Geode Capital Management LLC (1.45%), Parallel Advisors LLC (1.23%), Schechter Investment Advisors LLC (1.12%) and Creative Planning (0.81%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Dominique Mielle, Gary Taylor, 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 $10.17.

Ready Capital (NYSE:RC) has a market capitalization of $1.13 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 $1.70 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.