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 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RC, but not buy additional shares or sell existing shares. View RC analyst ratings or view top-rated stocks .

What is Ready Capital's stock price target for 2024?

6 Wall Street analysts have issued 1-year price targets for Ready Capital's shares. Their RC share price targets range from $8.00 to $14.00. On average, they predict the company's stock price to reach $10.93 in the next year. This suggests a possible upside of 28.7% 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 2024?

Ready Capital's stock was trading at $10.25 on January 1st, 2024. Since then, RC shares have decreased by 17.2% and is now trading at $8.49. View the best growth stocks for 2024 here .

When is Ready Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our RC earnings forecast .

How were Ready Capital's earnings last quarter?

Ready Capital Co. (NYSE:RC) posted its quarterly earnings data on Monday, February, 27th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $73.45 million. Ready Capital had a net margin of 35.69% and a trailing twelve-month return on equity of 7.99%.

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

Ready Capital announced a quarterly dividend on Friday, March 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.30 per share on Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.13%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for RC .

Is Ready Capital a good dividend stock?

Ready Capital (NYSE:RC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 14.41%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, RC will have a dividend payout ratio of 86.96% 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 ETFs hold Ready Capital's stock?

ETFs with the largest weight of Ready Capital (NYSE:RC) stock in their portfolio include Kingsbarn Dividend Opportunity ETF (DVDN) , VanEck Mortgage REIT Income ETF (MORT) , iShares Mortgage Real Estate ETF (REM) , Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) , WisdomTree Alternative Income Fund (HYIN) , First Trust Multi-Asset Diversified Income Index Fund (MDIV) , Invesco KBW High Dividend Yield Financial ETF (KBWD) . SPDR S&P 600 Small Cap ETF (SLY) .

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) .

Who are Ready Capital's major shareholders?

Ready Capital's stock is owned by many different institutional and retail investors. Top institutional investors include &PARTNERS (0.11%), Sunbelt Securities Inc. (0.04%), MJP Associates Inc. ADV (0.02%) and MCF Advisors LLC (0.00%). Insiders that own company stock include Andrea Petro , Andrew Ahlborn, Dominique Mielle, Gilbert E Nathan , Kevin M Luebbers, Thomas E Capasse 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:RC

Ready Capital (RC) Stock Price, News & Analysis

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$8.48

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $8.42
▼
$8.56
50-Day Range: $8.29
▼
$9.29
52-Week Range: $8.25
▼
$11.97

Volume: 1.07 million shs
Average Volume: 1.44 million shs
Market Capitalization: $1.46 billion

P/E Ratio: 3.62
Dividend Yield: 14.16%
Price Target: $10.93

Get Ready Capital alerts:

Ready Capital MarketRank™ Stock Analysis

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 28.7% Upside
$10.93 Price Target
Short Interest: Bearish
6.29% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.32
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$148,280 Bought Last Quarter
Proj. Earnings Growth: 11.29%
From $1.24 to $1.38 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.80 out of 5 stars

Finance Sector

428th out of 830 stocks

Real Estate Investment Trusts Industry

89th out of 178 stocks

3.1

Analyst's Opinion

Consensus Rating
Ready Capital has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Ready Capital has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.29% 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 7.8.
Change versus previous month
Short interest in Ready Capital has recently increased by 15.29%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Ready Capital is a leading dividend payer. It pays a dividend yield of 14.41%, 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 51.28%. 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 86.96% 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.

3.0

News and Social Media Coverage

News Sentiment
Ready Capital has a news sentiment score of 0.32. 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 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Ready Capital this week, compared to 3 articles on an average week.
Search Interest
33 people have searched for RC on MarketBeat in the last 30 days. This is an increase of 65% compared to the previous 30 days.
MarketBeat Follows
9 people have added Ready Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ready Capital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $148,280.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.95% of the stock of Ready Capital is held by insiders.
Percentage Held by Institutions
55.87% of the stock of Ready Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ready Capital are expected to grow by 11.29% in the coming year, from $1.24 to $1.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ready Capital is 3.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ready Capital is 3.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.50.
Price to Book Value per Share Ratio
Ready Capital has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Ready Capital Stock (NYSE:RC)

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments. The LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and acquires purchased future receivables. The company has elected to be taxed as a real estate investment trust (REIT) and 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.

RC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RC Stock News Headlines

March 27, 2024 | insidertrades.com

Ready Capital Co. (NYSE:RC) Director Buys $19,629.50 in Stock

March 19, 2024 | insidertrades.com

Gilbert E. Nathan Acquires 10,000 Shares of Ready Capital Co. (NYSE:RC) Stock

April 18, 2024 | InvestorPlace (Ad)

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March 31, 2024 | finance.yahoo.com

Ready Capital Corporation (RC)

March 21, 2024 | seekingalpha.com

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April 18, 2024 | InvestorPlace (Ad)

The Next Nvidia?

March 15, 2024 | globenewswire.com

Ready Capital Corporation Declares First Quarter 2024 Dividends

March 13, 2024 | finance.yahoo.com

As Ready Capital (NYSE:RC) rallies 4.7% this past week, investors may now be noticing the company's three-year earnings growth

March 4, 2024 | msn.com

Keefe, Bruyette & Woods Downgrades Ready Capital (RC)

March 4, 2024 | markets.businessinsider.com

In-Depth Examination Of 4 Analyst Recommendations For Ready Capital

February 28, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Ready Capital amid Temporary Setback and Strong Growth Prospects

February 28, 2024 | seekingalpha.com

I Was Hoping To Give REIT Ready Capital Corp. A Buy Rating, But I Can't

February 28, 2024 | seekingalpha.com

Ready Capital: Another Distribution Cut Looks Probable

February 27, 2024 | benzinga.com

Ready Capital: Q4 Earnings Insights

February 27, 2024 | msn.com

Ready Capital Q4 earnings fall short as net interest income slides

February 27, 2024 | finance.yahoo.com

Ready Capital Corp Reports Mixed Q4 Results Amid Real Estate Sector Challenges

February 27, 2024 | globenewswire.com

Ready Capital Corporation Reports Fourth Quarter 2023 Results

February 25, 2024 | msn.com

BRI's CPEC Bright Future

February 22, 2024 | benzinga.com

Ready Capital Stock (NYSE:RC), Short Interest Report

February 22, 2024 | benzinga.com

Ready Capital Stock (NYSE:RC) Dividends: History, Yield and Dates

February 17, 2024 | finance.yahoo.com

RC Mar 2024 7.500 call

February 15, 2024 | finance.yahoo.com

RC Dec 2024 10.000 call

February 13, 2024 | finance.yahoo.com

Ready Capital Corporation Announces Fourth Quarter and Full Year 2023 Results and Webcast Call

February 13, 2024 | globenewswire.com

Ready Capital Corporation Announces Fourth Quarter and Full Year 2023 Results and Webcast Call

See More Headlines

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Company Calendar

Last Earnings: 2/27/2023
Ex-Dividend for 1/31 Dividend: 12/28/2023
Dividend Payable: 1/31/2024
Ex-Dividend for 4/30 Dividend: 3/27/2024
Today: 4/18/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Current Symbol: NYSE:RC
CUSIP: 98886K10
CIK: 1527590
Web: www.sutherlandam.com
Phone: (212) 257-4600
Fax: N/A
Employees: 374
Year Founded: 2007

Price Target and Rating

Average Stock Price Target: $10.93
High Stock Price Target: $14.00
Low Stock Price Target: $8.00
Potential Upside/Downside: +29.0%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.34
Trailing P/E Ratio: 3.62
Forward P/E Ratio: 6.83
P/E Growth: N/A
Net Income: $339.45 million
Net Margins: 35.69%
Pretax Margin: 37.90%
Return on Equity: 7.99%
Return on Assets: 1.54%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 1.89
Quick Ratio: 1.89

Sales & Book Value

Annual Sales: $945.81 million
Price / Sales: 1.55
Cash Flow: $1.49 per share
Price / Cash Flow: 5.70
Book Value: $14.68 per share
Price / Book: 0.58

Miscellaneous

Outstanding Shares: 172,550,000
Free Float: 170,916,000
Market Cap: $1.46 billion
Optionable: Optionable
Beta: 1.40

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Key Executives

Mr. Andrew Ahlborn CPA (Age 39)
CFO & Secretary
Comp: $1.7M
Mr. Gary T. Taylor (Age 64)
Chief Operating Officer
Comp: $1.52M
Mr. Adam Zausmer (Age 46)
Chief Credit Officer
Comp: $1.7M
Mr. Thomas Edward Capasse (Age 67)
Chairman, CEO & Chief Investment Officer
Mr. Jack Jay Ross CPA (Age 67)
President & Director
Mr. Brian Dunn
Director of Finance Division
Mr. Alex Ovalle
MD & National Sales Manager
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 Analysis - 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 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RC, but not buy additional shares or sell existing shares.
View RC analyst ratings or view top-rated stocks.
What is Ready Capital's stock price target for 2024?: 6 Wall Street analysts have issued 1-year price targets for Ready Capital's shares. Their RC share price targets range from $8.00 to $14.00. On average, they predict the company's stock price to reach $10.93 in the next year. This suggests a possible upside of 28.7% 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 2024?: Ready Capital's stock was trading at $10.25 on January 1st, 2024. Since then, RC shares have decreased by 17.2% and is now trading at $8.49.
View the best growth stocks for 2024 here.
When is Ready Capital's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our RC earnings forecast.
How were Ready Capital's earnings last quarter?: Ready Capital Co. (NYSE:RC) posted its quarterly earnings data on Monday, February, 27th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $73.45 million. Ready Capital had a net margin of 35.69% and a trailing twelve-month return on equity of 7.99%.
How often does Ready Capital pay dividends? What is the dividend yield for Ready Capital?: Ready Capital announced a quarterly dividend on Friday, March 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.30 per share on Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.13%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for RC.

Is Ready Capital a good dividend stock?: Ready Capital (NYSE:RC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 14.41%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, RC will have a dividend payout ratio of 86.96% 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 ETFs hold Ready Capital's stock?: ETFs with the largest weight of Ready Capital (NYSE:RC) stock in their portfolio include Kingsbarn Dividend Opportunity ETF (DVDN), VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), WisdomTree Alternative Income Fund (HYIN), First Trust Multi-Asset Diversified Income Index Fund (MDIV), Invesco KBW High Dividend Yield Financial ETF (KBWD).SPDR S&P 600 Small Cap ETF (SLY).
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).
Who are Ready Capital's major shareholders?: Ready Capital's stock is owned by many different institutional and retail investors. Top institutional investors include &PARTNERS (0.11%), Sunbelt Securities Inc. (0.04%), MJP Associates Inc. ADV (0.02%) and MCF Advisors LLC (0.00%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Dominique Mielle, Gilbert E Nathan, Kevin M Luebbers, Thomas E Capasse 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RC) was last updated on 4/18/2024 by MarketBeat.com Staff

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