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NYSE:RCReady Capital Stock Price, Forecast & News

$9.56
+0.08 (+0.84 %)
(As of 08/13/2020 03:13 PM ET)
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Compare
Today's Range
$9.44
Now: $9.56
$9.78
50-Day Range
$7.70
MA: $8.40
$9.76
52-Week Range
$3.92
Now: $9.56
$16.90
Volume43,996 shs
Average Volume591,376 shs
Market Capitalization$524.59 million
P/E Ratio28.12
Dividend Yield10.26%
Beta0.97
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: 3.4Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.59 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$1.54 per share
Book Value$16.25 per share

Profitability

Net Income$72.97 million

Miscellaneous

Employees417
Market Cap$524.59 million
Next Earnings Date11/4/2020 (Estimated)
OptionableNot Optionable
$9.56
+0.08 (+0.84 %)
(As of 08/13/2020 03:13 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?

Ready Capital's stock was trading at $11.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RC shares have decreased by 18.1% and is now trading at $9.56.
View which stocks have been most impacted by COVID-19
.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 1 hold rating and 6 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) announced 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 return on equity of 9.82% and a net margin of 6.20%.
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 Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.25 per share on Friday, July 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.46%. The ex-dividend date of this dividend is Monday, June 29th.
View Ready Capital's dividend history
.

What price target have analysts set for RC?

7 Wall Street analysts have issued twelve-month price targets for Ready Capital's stock. Their forecasts range from $9.00 to $17.50. On average, they expect Ready Capital's stock price to reach $13.67 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price.
View analysts' price targets for Ready Capital
.

Has Ready Capital been receiving favorable news coverage?

News stories about RC stock have trended extremely negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. 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 -4.1 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about Ready Capital
.

Are investors shorting Ready Capital?

Ready Capital saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,020,000 shares, an increase of 24.6% from the June 15th total of 818,700 shares. Based on an average daily trading volume, of 705,500 shares, the short-interest ratio is presently 1.4 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 number of institutional and retail investors. Top institutional shareholders include Raymond James & Associates (1.52%), American Financial Group Inc. (1.13%), Prudential Financial Inc. (0.85%), Bank of New York Mellon Corp (0.69%), West Family Investments Inc. (0.55%) and Principal Financial Group Inc. (0.52%). 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 institutional 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., Goldman Sachs Group Inc., Guild Investment Management Inc., UBS Group AG, and State of Wisconsin Investment Board.
View insider buying and selling activity for Ready Capital
.

Which institutional investors are buying Ready Capital stock?

RC stock was purchased by a variety of institutional investors in the last quarter, including 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, Raymond James & Associates, and Magnus Financial Group 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 $9.56.

How big of a company is Ready Capital?

Ready Capital has a market capitalization of $524.59 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 8/13/2020 by MarketBeat.com Staff

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