What is B. Riley’s Estimate for Ready Capital Q1 Earnings?

Ready Capital Co. (NYSE:RC) – B. Riley reduced their Q1 2025 earnings estimates for shares of Ready Capital in a research report issued to clients and investors on Monday, April 21st. B. Riley analyst R. Binner now forecasts that the real estate investment trust will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.15. B. Riley currently has a “Neutral” rating and a $10.00 target price on the stock. The consensus estimate for Ready Capital’s current full-year earnings is $0.93 per share. B. Riley also issued estimates for Ready Capital’s Q2 2025 earnings at $0.16 EPS and FY2025 earnings at $0.70 EPS.

A number of other equities research analysts have also issued reports on RC. UBS Group cut their price target on Ready Capital from $5.00 to $4.75 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Citizens Jmp cut shares of Ready Capital from an “outperform” rating to a “market perform” rating in a research report on Monday, March 3rd. Wedbush restated a “neutral” rating and set a $6.00 price objective (down from $8.00) on shares of Ready Capital in a research report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Ready Capital from $6.25 to $4.00 and set an “underperform” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ready Capital has a consensus rating of “Hold” and an average target price of $7.04.

Ready Capital Price Performance

NYSE RC opened at $4.44 on Wednesday. The company’s 50 day moving average is $5.23 and its two-hundred day moving average is $6.41. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. The stock has a market cap of $762.92 million, a price-to-earnings ratio of -6.34 and a beta of 1.23. Ready Capital has a 12 month low of $4.16 and a 12 month high of $9.54.

Ready Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 11.26%. The ex-dividend date of this dividend is Monday, March 31st. Ready Capital’s payout ratio is -18.94%.

Insider Buying and Selling

In other news, CEO Thomas E. Capasse purchased 10,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $4.80 per share, with a total value of $48,000.00. Following the completion of the acquisition, the chief executive officer now owns 319,925 shares of the company’s stock, valued at $1,535,640. This trade represents a 3.23 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RC. Spire Wealth Management grew its holdings in shares of Ready Capital by 4.6% during the first quarter. Spire Wealth Management now owns 95,283 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 4,157 shares during the last quarter. Saxony Capital Management LLC purchased a new stake in shares of Ready Capital in the first quarter valued at approximately $85,000. Cambridge Investment Research Advisors Inc. raised its position in Ready Capital by 40.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 79,072 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 22,797 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Ready Capital during the 1st quarter worth about $173,000. Finally, Insigneo Advisory Services LLC purchased a new position in shares of Ready Capital in the first quarter valued at approximately $75,000. 55.87% of the stock is owned by institutional investors and hedge funds.

Ready Capital Company Profile

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.