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NYSE:RC

Ready Capital Stock Forecast, Price & News

$12.04
-0.10 (-0.82 %)
(As of 09/18/2020 09:37 PM ET)
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Today's Range
$12.01
Now: $12.04
$12.59
50-Day Range
$8.02
MA: $9.87
$12.14
52-Week Range
$3.92
Now: $12.04
$16.90
Volume1.76 million shs
Average Volume556,652 shs
Market Capitalization$660.67 million
P/E Ratio35.41
Dividend Yield8.31%
Beta1.08
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.79 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$1.84 per share
Book Value$16.25 per share

Profitability

Net Income$72.97 million

Miscellaneous

Employees417
Market Cap$660.67 million
Next Earnings Date11/4/2020 (Estimated)
OptionableNot Optionable
$12.04
-0.10 (-0.82 %)
(As of 09/18/2020 09:37 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ready Capital (NYSE:RC) Frequently Asked Questions

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

Ready Capital's stock was trading at $11.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RC stock has increased by 3.2% and is now trading at $12.04.
View which stocks have been most impacted by COVID-19
.

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 1 hold rating and 5 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, November 4th 2020.
View our earnings forecast for Ready Capital
.

How were Ready Capital's earnings last quarter?

Ready Capital Corp (NYSE:RC) released its quarterly earnings data on Thursday, August, 6th. The real estate investment trust reported $0.70 EPS for the quarter, missing the Zacks' consensus estimate of $0.73 by $0.03. Ready Capital had a net margin of 6.20% and a return on equity of 9.82%.
View Ready Capital's earnings history
.

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

Ready Capital declared a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be given a dividend of $0.30 per share on Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date is Tuesday, September 29th. This is a positive change from Ready Capital's previous quarterly dividend of $0.25.
View Ready Capital's dividend history
.

What price target have analysts set for RC?

6 brokerages have issued 1 year price targets for Ready Capital's stock. Their forecasts range from $9.00 to $17.50. On average, they anticipate Ready Capital's stock price to reach $13.30 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Ready Capital
.

Are investors shorting Ready Capital?

Ready Capital saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 720,100 shares, an increase of 11.2% from the August 15th total of 647,600 shares. Based on an average trading volume of 398,400 shares, the days-to-cover ratio is currently 1.8 days.
View Ready Capital's Short Interest
.

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.89%), Raymond James & Associates (1.52%), American Financial Group Inc. (1.13%), Prudential Financial Inc. (0.85%), Bank of New York Mellon Corp (0.69%) and Ellington Management Group LLC (0.68%). 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 West Family Investments Inc., Nuveen Asset Management LLC, Goldman Sachs Group Inc., Guild Investment Management Inc., RBF Capital LLC, Bank of America Corp DE, Great West Life Assurance Co. Can, and UBS Group AG.
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 Vanguard Group Inc., Prudential Financial Inc., Granite Point Capital Management L.P., Lincoln National Corp, Emerald Mutual Fund Advisers Trust, American Financial Group Inc., Ensign Peak Advisors Inc, and Raymond James & Associates. 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 $12.04.

How big of a company is Ready Capital?

Ready Capital has a market capitalization of $660.67 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 9/21/2020 by MarketBeat.com Staff

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