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NYSE:RC

Ready Capital - RC Stock Forecast, Price & News

$10.17
+0.35 (+3.56%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$9.91
$10.23
50-Day Range
$9.46
$13.49
52-Week Range
$9.36
$15.88
Volume
1.50 million shs
Average Volume
1.28 million shs
Market Capitalization
$1.13 billion
P/E Ratio
5.98
Dividend Yield
15.73%
Price Target
$13.93

Ready Capital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
37.0% Upside
$13.93 Price Target
Short Interest
Bearish
6.39% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.24mentions of Ready Capital in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$160,875 Bought Last Quarter
Proj. Earnings Growth
6.25%
From $1.60 to $1.70 Per Share

Overall MarketRank

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

2.63 out of 5 stars

Finance Sector

347th out of 890 stocks

Real Estate Investment Trusts Industry

60th out of 192 stocks


RC stock logo

About Ready Capital (NYSE:RC) Stock

Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in 2011 and is headquartered in New York, NY.

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RC Stock News Headlines

Ready Capital Corporation (RC-PE)
Stocks are for suckers – try this instead
This has nothing to do with dividends, day trading... taking out a loan... or anything like that. What you need is about 3 seconds to execute this simple financial maneuver...
Ready Capital declares $0.40 dividend
KBW Reaffirms Their Hold Rating on Ready Capital (RC)
Stocks are for suckers – try this instead
This has nothing to do with dividends, day trading... taking out a loan... or anything like that. What you need is about 3 seconds to execute this simple financial maneuver...
Elevate Albany: Step one — get shovel ready
See More Headlines
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RC Company Calendar

Ex-Dividend for 1/31 Dividend
12/29/2022
Dividend Payable
1/31/2023
Last Earnings
2/27/2023
Ex-Dividend for 4/28 Dividend
3/30/2023
Today
3/31/2023
Dividend Payable
4/28/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
98886K10
Fax
N/A
Employees
630
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$13.93
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$11.50
Forecasted Upside/Downside
+37.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$194.26 million
Pretax Margin
34.70%

Debt

Sales & Book Value

Annual Sales
$930.69 million
Cash Flow
$2.05 per share
Book Value
$16.10 per share

Miscellaneous

Free Float
108,916,000
Market Cap
$1.13 billion
Optionable
Not Optionable
Beta
1.37

Social Links


Key Executives

  • Tom Capasse
    Chairman, Chief Executive & Investment Officer
  • Jack Jay Ross
    President & Director
  • Gary Taylor
    Chief Operating Officer
  • Andrew AhlbornAndrew Ahlborn
    Chief Financial Officer
  • Adam Zausmer
    Chief Credit Officer













RC Stock - Frequently Asked Questions

Should I buy or sell Ready Capital stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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 2023?

6 brokers have issued twelve-month price targets for Ready Capital's stock. Their RC share price forecasts range from $11.50 to $16.00. On average, they predict the company's share price to reach $13.93 in the next year. This suggests a possible upside of 37.0% 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 2023?

Ready Capital's stock was trading at $11.14 at the start of the year. Since then, RC shares have decreased by 8.7% and is now trading at $10.17.
View the best growth stocks for 2023 here
.

Are investors shorting Ready Capital?

Ready Capital saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 7,080,000 shares, an increase of 71.4% from the February 28th total of 4,130,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is currently 5.8 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, May 4th 2023.
View our RC earnings forecast
.

How were Ready Capital's earnings last quarter?

Ready Capital Co. (NYSE:RC) released its earnings results on Monday, February, 27th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The real estate investment trust had revenue of $249.49 million for the quarter, compared to analyst estimates of $73.45 million. Ready Capital had a net margin of 27.22% and a trailing twelve-month return on equity of 11.52%.

How often does Ready Capital pay dividends? What is the dividend yield for Ready Capital?

Ready Capital announced a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be paid a dividend of $0.40 per share on Friday, April 28th. This represents a $1.60 annualized dividend and a dividend yield of 15.73%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for RC
.

Is Ready Capital a good dividend stock?

Ready Capital (NYSE:RC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 16.05%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RC will have a dividend payout ratio of 94.12% 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."

Who are Ready Capital's major shareholders?

Ready Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Mission Wealth Management LP (1.58%), Soltis Investment Advisors LLC (1.54%), Geode Capital Management LLC (1.45%), Parallel Advisors LLC (1.23%), Schechter Investment Advisors LLC (1.12%) and Creative Planning (0.81%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Dominique Mielle, Gary Taylor, Gilbert E Nathan and Thomas E Capasse.
View institutional ownership trends
.

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 $10.17.

How much money does Ready Capital make?

Ready Capital (NYSE:RC) has a market capitalization of $1.13 billion and generates $930.69 million in revenue each year. The real estate investment trust earns $194.26 million in net income (profit) each year or $1.70 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 3/31/2023 by MarketBeat.com Staff