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Ready Capital (RC) Stock Forecast, Price & News

$14.70
+0.28 (+1.94%)
(As of 05/16/2022 02:58 PM ET)
Add
Compare
Today's Range
$14.43
$14.76
50-Day Range
$13.97
$15.79
52-Week Range
$13.24
$16.78
Volume
29,505 shs
Average Volume
1.08 million shs
Market Capitalization
$1.24 billion
P/E Ratio
6.34
Dividend Yield
11.65%
Beta
1.05
30 days | 90 days | 365 days | Advanced Chart
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Ready Capital logo

About Ready Capital

Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. 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.

Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
98886K10
Fax
N/A
Employees
630
Year Founded
N/A

Sales & Book Value

Annual Sales
$403.50 million
Cash Flow
$1.91 per share
Book Value
$21.96 per share

Profitability

Net Income
$157.74 million
Pretax Margin
51.38%

Debt

Price-To-Earnings

Miscellaneous

Free Float
82,703,000
Market Cap
$1.24 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
2/24/2022
Ex-Dividend for 4/29 Dividend
3/30/2022
Dividend Payable
4/29/2022
Today
5/16/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.40 out of 5 stars

Finance Sector

497th out of 1,349 stocks

Real Estate Investment Trusts Industry

107th out of 233 stocks

Analyst Opinion: 2.4Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -













Ready Capital (NYSE:RC) Frequently Asked Questions

Is Ready Capital a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ready Capital stock.
View analyst ratings for Ready Capital
or view top-rated stocks.

Are investors shorting Ready Capital?

Ready Capital saw a increase in short interest in March. As of March 31st, there was short interest totaling 3,380,000 shares, an increase of 25.2% from the March 15th total of 2,700,000 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is currently 3.0 days.
View Ready Capital's Short Interest
.

When is Ready Capital's next earnings date?

Ready Capital is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Ready Capital
.

How were Ready Capital's earnings last quarter?

Ready Capital Co. (NYSE:RC) announced its quarterly earnings results on Thursday, February, 24th. The real estate investment trust reported $0.67 EPS for the quarter, topping the consensus estimate of $0.50 by $0.17. Ready Capital had a net margin of 42.45% and a trailing twelve-month return on equity of 14.29%. During the same period in the previous year, the firm posted $0.51 EPS.
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, March 16th. Shareholders of record on Thursday, March 31st will be given a dividend of $0.42 per share on Friday, April 29th. This represents a $1.68 annualized dividend and a dividend yield of 11.41%. The ex-dividend date of this dividend is Wednesday, March 30th.
View Ready Capital's dividend history
.

Is Ready Capital a good dividend stock?

Ready Capital pays an annual dividend of $1.68 per share and currently has a dividend yield of 11.65%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Ready Capital is 72.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Ready Capital will have a dividend payout ratio of 91.30% in the coming year. This indicates that Ready Capital may not be able to sustain their current dividend.
View Ready Capital's dividend history.

What price target have analysts set for RC?

5 brokerages have issued twelve-month target prices for Ready Capital's stock. Their forecasts range from $15.50 to $18.50. On average, they anticipate Ready Capital's share price to reach $17.50 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
View analysts' price targets for Ready Capital
or view top-rated stocks among Wall Street analysts.

Who are Ready Capital's key executives?
Ready Capital's management team includes the following people:
  • Mr. Andrew Ahlborn CPA, CFO & Sec. (Age 38, Pay $1.08M)
  • Mr. Gary T. Taylor, Chief Operating Officer (Age 63, Pay $1.01M)
  • Mr. Thomas Edward Capasse, Chairman & CEO (Age 65)
  • Mr. Jack Jay Ross CPA, Pres & Director (Age 65)
  • Mr. Thomas Buttacavoli, Chief Investment Officer & Portfolio Mang. of SBC Loan Portfolio (Age 45)
  • Mr. Brian Dunn, Director of Fin. Division
  • Mr. Alex Ovalle, MD & National Sales Mang.
  • Mr. Richard Katzenstein, MD & Head of Strategic Partnerships
  • David A. Cohen, MD & Co-Head of the National Bridge Lending Platform
What is Randy Fowlie's approval rating as Ready Capital's CEO?

6 employees have rated Ready Capital CEO Randy Fowlie on Glassdoor.com. Randy Fowlie has an approval rating of 68% among Ready Capital's employees.

What other stocks do shareholders of Ready Capital own?
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 investors include BlackRock Inc. (14.28%), Vanguard Group Inc. (5.37%), Invesco Ltd. (3.10%), State Street Corp (2.94%), Northern Trust Corp (1.32%) and JPMorgan Chase & Co. (0.97%). Company insiders that own Ready Capital stock include Andrea Petro, Gary Taylor, Gilbert E Nathan and Thomas E Capasse.
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 Mirae Asset Global Investments Co. Ltd., Citigroup Inc., Prudential Financial Inc., Sowell Financial Services LLC, Group One Trading L.P., LSV Asset Management, Metropolitan Life Insurance Co NY, and Zurcher Kantonalbank Zurich Cantonalbank .
View insider buying and selling activity for Ready Capital
or view top insider-selling stocks.

Which institutional investors are buying Ready Capital stock?

RC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Vanguard Group Inc., First Trust Advisors LP, State Street Corp, JPMorgan Chase & Co., Charles Schwab Investment Management Inc., and Simplex Trading LLC. Company insiders that have bought Ready Capital stock in the last two years include Andrea Petro, Gary Taylor, Gilbert E Nathan, and Thomas E Capasse.
View insider buying and selling activity for Ready Capital
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ready Capital's stock price today?

One share of RC stock can currently be purchased for approximately $14.73.

How much money does Ready Capital make?

Ready Capital has a market capitalization of $1.24 billion and generates $403.50 million in revenue each year. The real estate investment trust earns $157.74 million in net income (profit) each year or $2.32 on an earnings per share basis.

How many employees does Ready Capital have?

Ready Capital employs 630 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 or via email at [email protected].

This page was last updated on 5/16/2022 by MarketBeat.com Staff

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