Ready Capital Stock Forecast, Price & News

Ready Capital's stock was trading at $11.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RC stock has decreased by 4.9% and is now trading at $11.10.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ready Capital.

Ready Capital is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Ready Capital.

Ready Capital Co. (NYSE:RC) released its quarterly earnings results on Thursday, August, 6th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.03. Ready Capital had a return on equity of 9.82% and a net margin of 6.20%.
View Ready Capital's earnings history.

Ready Capital announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.30 per share on Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 10.81%. The ex-dividend date is Tuesday, September 29th. This is a positive change from Ready Capital's previous quarterly dividend of $0.25.
View Ready Capital's dividend history.

7 brokerages have issued 12 month price objectives for Ready Capital's shares. Their forecasts range from $11.00 to $17.50. On average, they anticipate Ready Capital's stock price to reach $13.75 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price.
View analysts' price targets for Ready Capital.

Ready Capital saw a decline in short interest during the month of October. As of October 15th, there was short interest totaling 696,100 shares, a decline of 19.5% from the September 30th total of 864,300 shares. Based on an average trading volume of 363,400 shares, the short-interest ratio is presently 1.9 days.
View Ready Capital's Short Interest.

Some companies that are related to Ready Capital include Annaly Capital Management (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Chimera Investment (CIM), Colony Capital (CLNY), PennyMac Mortgage Investment Trust (PMT), Two Harbors Investment (TWO), Apollo Commercial Real Estate Finance (ARI), MFA Financial (MFA), New York Mortgage Trust (NYMT), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), Capstead Mortgage (CMO), Invesco Mortgage Capital (IVR) and Dynex Capital (DX).
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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), Cannabics 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 institutional and retail investors. Top institutional investors include Guild Investment Management Inc. (0.16%), State of Alaska Department of Revenue (0.07%), Nisa Investment Advisors LLC (0.05%), Louisiana State Employees Retirement System (0.03%), Concorde Asset Management LLC (0.02%) and Northwest Investment Counselors LLC (0.01%). Company insiders that own Ready Capital stock include Andrew Ahlborn, Gary Taylor, Jack J Ross, Thomas Buttacavoli, Thomas E Capasse and Todd M Sinai.
View institutional ownership trends for Ready Capital.

RC stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC.
View insider buying and selling activity for Ready Capital.

RC stock was bought by a variety of institutional investors in the last quarter, including Concorde Asset Management LLC, Guild Investment Management Inc., Louisiana State Employees Retirement System, State of Alaska Department of Revenue, and Northwest Investment Counselors LLC. Company insiders that have bought Ready Capital stock in the last two years include Andrew Ahlborn, Gary Taylor, Jack J Ross, Thomas Buttacavoli, Thomas E Capasse, and Todd M Sinai.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RC stock can currently be purchased for approximately $11.10.

Ready Capital has a market capitalization of $609.09 million and generates $229.92 million in revenue each year. The real estate investment trust earns $72.97 million in net income (profit) each year or $1.54 on an earnings per share basis. Ready Capital employs 500 workers across the globe.

The official website for Ready Capital is www.sutherlandam.com.

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.