Ready Capital - RC Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RC shares.
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5 equities research analysts have issued 1 year price targets for Ready Capital's shares. Their RC share price forecasts range from $11.00 to $16.00. On average, they predict the company's share price to reach $14.08 in the next year. This suggests a possible upside of 9.3% from the stock's current price.
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Ready Capital's stock was trading at $15.63 at the beginning of the year. Since then, RC shares have decreased by 17.6% and is now trading at $12.88.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our RC earnings forecast.

Ready Capital Co. (NYSE:RC) issued its quarterly earnings data on Thursday, February, 24th. The real estate investment trust reported $0.67 EPS for the quarter, beating the consensus estimate of $0.50 by $0.17. Ready Capital had a net margin of 40.27% and a trailing twelve-month return on equity of 12.46%. During the same quarter in the prior year, the company earned $0.51 earnings per share.

Ready Capital announced a quarterly dividend on Thursday, September 15th. Investors of record on Friday, September 30th will be paid a dividend of $0.42 per share on Monday, October 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.04%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for RC.

Ready Capital (NYSE:RC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 13.19%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 73.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, RC will have a dividend payout ratio of 103.07% 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.00%), Vanguard Group Inc. (5.79%), State Street Corp (3.01%), Soltis Investment Advisors LLC (1.76%), Mission Wealth Management LP (1.55%) and Schechter Investment Advisors LLC (1.13%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Gary Taylor, Gilbert E Nathan, Jack J Ross, Thomas Buttacavoli, Thomas E Capasse and Todd M Sinai.
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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 $12.88.

Ready Capital (NYSE:RC) has a market capitalization of $1.42 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 $2.29 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.