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NYSE:RC

Ready Capital - RC Stock Forecast, Price & News

$10.46
-0.31 (-2.88%)
(As of 10/5/2022 12:00 AM ET)
Add
Compare
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
0.28mentions of Ready Capital in the last 14 days
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

RC stock logo

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

Noteworthy Friday Option Activity: JPM, RC, RCII
Ready Capital Becomes Oversold (RC)
What 4 Analyst Ratings Have To Say About Ready Capital
Analyst Ratings for Ready Capital
Ready Capital Corp Pref E (RC_pe)
/C O R R E C T I O N -- Ready Capital Corporation/
People on the Move in Phoenix
See More Headlines
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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

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

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

Net Income
$157.74 million
Pretax Margin
52.44%

Debt

Sales & Book Value

Annual Sales
$403.50 million
Cash Flow
$1.94 per share
Book Value
$15.42 per share

Miscellaneous

Free Float
112,527,000
Market Cap
$1.20 billion
Optionable
Not Optionable
Beta
1.19

Key Executives

  • Mr. Andrew  Ahlborn CPAMr. 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













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?
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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