NYSE:RC

Ready Capital - RC Stock Forecast, Price & News

$10.46

-0.31 (-2.88%)

(As of 10/5/2022 12:00 AM ET)

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Today's Range: $10.05
▼
$10.57
50-Day Range: $9.75
▼
$14.14
52-Week Range: $9.69
▼
$16.56

Volume: 1.92 million shs
Average Volume: 1.19 million shs
Market Capitalization: $1.20 billion

P/E Ratio: 4.38
Dividend Yield: 15.60%
Price Target: $15.50

Ready Capital MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 48.2% Upside
$15.50 Price Target
Short Interest: Healthy
2.20% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.28
Based on 8 Articles This Week
Insider Trading: Selling Shares
$62,100 Sold Last Quarter
Proj. Earnings Growth: -5.26%
From $1.90 to $1.80 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Finance Sector

340th out of 887 stocks

Real Estate Investment Trusts Industry

92nd out of 194 stocks

3.4

Analyst's Opinion

Consensus Rating
Ready Capital has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.50, Ready Capital has a forecasted upside of 48.2% from its current price of $10.46.
Amount of Analyst Coverage
Ready Capital has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.20% of the outstanding shares of Ready Capital have been sold short.
Short Interest Ratio / Days to Cover
Ready Capital has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ready Capital has recently increased by 4.13%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
Ready Capital is a leading dividend payer. It pays a dividend yield of 15.60%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ready Capital does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ready Capital is 70.29%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Ready Capital will have a dividend payout ratio of 93.33% in the coming year. This indicates that Ready Capital may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RC.

2.4

News and Social Media Coverage

News Sentiment
Ready Capital has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Ready Capital this week, compared to 2 articles on an average week.
Search Interest
31 people have searched for RC on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Ready Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ready Capital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $62,100.00 in company stock.
Percentage Held by Insiders
Only 1.64% of the stock of Ready Capital is held by insiders.
Percentage Held by Institutions
56.17% of the stock of Ready Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Ready Capital are expected to decrease by -5.26% in the coming year, from $1.90 to $1.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ready Capital is 4.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ready Capital is 4.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.16.
Price to Book Value per Share Ratio
Ready Capital has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ready Capital (NYSE:RC) Stock

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.

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RC Stock News Headlines

October 5, 2022 | americanbankingnews.com

Ready Capital (NYSE:RC) Price Target Cut to $12.00 by Analysts at Piper Sandler

September 30, 2022 | nasdaq.com

Noteworthy Friday Option Activity: JPM, RC, RCII

September 30, 2022 | americanbankingnews.com

Ready Capital Co. (NYSE:RC) Receives $16.00 Consensus Target Price from Brokerages

September 30, 2022 | americanbankingnews.com

Ready Capital Co. (NYSE:RC) Given Average Rating of "Moderate Buy" by Brokerages

September 29, 2022 | marketwatch.com

Ready Capital Corp. Increases Stock Buyback Program to $50M

September 29, 2022 | finance.yahoo.com

READY CAPITAL CORPORATION ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM

September 25, 2022 | finance.yahoo.com

Insiders who bought in the last 12 months lose an additional US$29k as Ready Capital Corporation (NYSE:RC) drops to US$1.3b

September 23, 2022 | nasdaq.com

Ready Capital Becomes Oversold (RC)

September 16, 2022 | msn.com

Ford Bronco Raptor 1:10 Scale RC SUV Looks And Drives Like The Real Deal

September 15, 2022 | finance.yahoo.com

READY CAPITAL CORPORATION DECLARES THIRD QUARTER 2022 DIVIDENDS

September 8, 2022 | markets.businessinsider.com

What 4 Analyst Ratings Have To Say About Ready Capital

September 8, 2022 | msn.com

Analyst Ratings for Ready Capital

September 8, 2022 | investing.com

Ready Capital Corp Pref E (RC_pe)

September 2, 2022 | nasdaq.com

Insiders who bought in the last 12 months lose an additional US$21k as Ready Capital Corporation (NYSE:RC) drops to US$1.5b

August 29, 2022 | finance.yahoo.com

With 46% stake, Ready Capital Corporation (NYSE:RC) seems to have captured institutional investors' interest

August 24, 2022 | msn.com

Ready Capital Earnings Perspective: Return On Capital Employed

August 23, 2022 | sg.finance.yahoo.com

Memo to Bed Bath & Beyond investors: Ryan Cohen is not your savior

August 18, 2022 | finance.yahoo.com

Local investor Hari Johl buys last undeveloped piece of Zalanta project at Tahoe for $5.5 million

August 4, 2022 | finance.yahoo.com

/C O R R E C T I O N -- Ready Capital Corporation/

August 4, 2022 | finance.yahoo.com

Ready Capital (RC) Q2 Earnings and Revenues Lag Estimates

August 2, 2022 | techcrunch.com

Savana raises a fresh round of capital to digitize banks’ services

August 2, 2022 | finance.yahoo.com

Ready Capital Corporation Announces Second Quarter 2022 Results and Webcast Call

July 9, 2022 | msn.com

Georgia Guidestones explosion: DA calls attack ‘domestic terrorism’ as Trump bombing site meme spreads

July 7, 2022 | bizjournals.com

People on the Move in Phoenix

July 6, 2022 | seekingalpha.com

Ready Capital: 13.65% Dividend Yield With Favorable Risk-Reward Profile

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30 days | 90 days | 365 days | Advanced Chart

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RC Company Calendar

Last Earnings: 2/24/2022
Ex-Dividend for 7/29 Dividend: 6/29/2022
Dividend Payable: 7/29/2022
Ex-Dividend for 10/31 Dividend: 9/29/2022
Today: 10/05/2022
Dividend Payable: 10/31/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Sector: Finance
Current Symbol: NYSE:RC
CUSIP: 98886K10
CIK: 1527590
Web: www.sutherlandam.com
Phone: (212) 257-4600
Fax: N/A
Employees: 630
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.50
High Stock Price Forecast: $18.00
Low Stock Price Forecast: $12.00
Forecasted Upside/Downside: +48.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.39
Trailing P/E Ratio: 4.38
Forward P/E Ratio: 5.51
P/E Growth: N/A
Net Income: $157.74 million
Net Margins: 43.27%
Pretax Margin: 52.44%
Return on Equity: 13.54%
Return on Assets: 1.92%

Debt

Debt-to-Equity Ratio: 0.55
Current Ratio: 1.39
Quick Ratio: 1.39

Sales & Book Value

Annual Sales: $403.50 million
Price / Sales: 2.97
Cash Flow: $1.94 per share
Price / Cash Flow: 5.39
Book Value: $15.42 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 114,403,000
Free Float: 112,527,000
Market Cap: $1.20 billion
Optionable: Not Optionable
Beta: 1.19

Key Executives

Mr. Andrew Ahlborn CPA (Age 38)
CFO & Sec.
Comp: $1.45M

Mr. Gary T. Taylor (Age 63)
Chief Operating Officer
Comp: $1.34M

Mr. Thomas Edward Capasse (Age 65)
Chairman & CEO

Mr. Jack Jay Ross CPA (Age 65)
Pres & Director

Mr. Thomas Buttacavoli (Age 45)
Chief Investment Officer & Portfolio Mang. of SBC Loan Portfolio

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RC Stock - Frequently Asked Questions

Should I buy or sell Ready Capital stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RC shares.
View RC analyst ratings or view top-rated stocks.
What is Ready Capital's stock price forecast for 2022?: 4 brokers have issued 12-month price targets for Ready Capital's shares. Their RC share price forecasts range from $12.00 to $18.00. On average, they anticipate the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 48.2% from the stock's current price.
View analysts price targets for RC or view top-rated stocks among Wall Street analysts.
How have RC shares performed in 2022?: Ready Capital's stock was trading at $15.63 on January 1st, 2022. Since then, RC shares have decreased by 33.1% and is now trading at $10.46.
View the best growth stocks for 2022 here.
Are investors shorting Ready Capital?: Ready Capital saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,420,000 shares, a decline of 18.5% from the August 15th total of 2,970,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is currently 2.2 days.
View Ready Capital's Short Interest.
When is Ready Capital's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RC earnings forecast.
How were Ready Capital's earnings last quarter?: Ready Capital Co. (NYSE:RC) issued its quarterly earnings results on Thursday, February, 24th. The real estate investment trust reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.17. Ready Capital had a net margin of 43.27% and a trailing twelve-month return on equity of 13.54%. During the same quarter in the prior year, the business earned $0.51 EPS.
How often does Ready Capital pay dividends? What is the dividend yield for Ready Capital?: Ready Capital announced a quarterly dividend on Thursday, September 15th. Stockholders of record on Friday, September 30th will be given 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 16.06%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for RC.

Is Ready Capital a good dividend stock?: Ready Capital (NYSE:RC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 15.60%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 70.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, RC will have a dividend payout ratio of 93.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RC.
What is Randy Fowlie's approval rating as Ready Capital's CEO?: 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.
What other stocks do shareholders of Ready Capital own?: 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).
What is Ready Capital's stock symbol?: Ready Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "RC."
How do I buy shares of Ready Capital?: 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.
Compare Top Brokerages Here.
What is Ready Capital's stock price today?: One share of RC stock can currently be purchased for approximately $10.46.
How much money does Ready Capital make?: Ready Capital (NYSE:RC) has a market capitalization of $1.20 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 $2.39 on an earnings per share basis.
How many employees does Ready Capital have?: The company employs 630 workers across the globe.
How can I contact Ready Capital?: 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.

This page (NYSE:RC) was last updated on 10/5/2022 by MarketBeat.com Staff

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Ready Capital - RC Stock Forecast, Price & News

Ready Capital MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows