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Ready Capital Corporation (RC)
NYSE:RC
RC Stock Chart & Stats
Day’s Range― - ―
52-Week Range$6.39 - $9.54
Previous CloseN/A
Volume592.80K
Average Volume (3M)1.94M
Market Cap
$1.15B
Enterprise Value$9.40B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta1.09
Next Earnings
Mar 03, 2025EPS Estimate
0.19Last Dividend Ex-Date
Dec 31, 2024Dividend Yield16.06%
Share Statistics
EPS (TTM)-0.73
Shares Outstanding168,530,700
10 Day Avg. Volume1,683,107
30 Day Avg. Volume1,941,794
Standard Deviation0.13
R-Squared0.32
Alpha-0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)39.35
Price to Cash Flow (P/CF)1.30
P/FCF Ratio1.10
Enterprise Value/Market Cap8.14
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit8.66
Enterprise Value/Ebitda21.23
Forecast
1Y Price Target
$8.19Price Target Upside18.87% Upside
Rating ConsensusHold
Number of Analyst Covering4
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Ready Capital News
PremiumCompany Announcements
Ready Capital to Acquire United Development Funding IV---
Bulls Say, Bears Say
Bulls Say
LiquidityThe company had unrestricted cash on hand of $226.3M and unencumbered assets of $1.3B.
Portfolio DiversificationLower middle market commercial real estate loan originations in the third quarter were $685.9M, consisting of various types of loans, showing a diverse and active portfolio.
SBA OriginationsHigh-margin SBA originations were a quarterly record at $217.3M.
Bears Say
Dividend CoverageReported distributable earnings did not cover the dividend of $0.30 per share with a coverage ratio of 23%.
Loan LossesDistributable earnings were negatively impacted by $89M, or $0.53 per share, in realized loan losses.
Loan Sales ImpactThere is still an additional $218M of loans held for sale that will likely result in further realized losses over the next year.
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Ownership Overview
0.73% Insiders
9.72% Mutual Funds
9.54% Other Institutional Investors
53.89% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RC FAQ
What was Ready Capital Corporation’s price range in the past 12 months?
Ready Capital Corporation lowest stock price was $6.39 and its highest was $9.54 in the past 12 months.
What is Ready Capital Corporation’s market cap?
Ready Capital Corporation’s market cap is $1.15B.
When is Ready Capital Corporation’s upcoming earnings report date?
Ready Capital Corporation’s upcoming earnings report date is Mar 03, 2025 which is in 10 days.
How were Ready Capital Corporation’s earnings last quarter?
Ready Capital Corporation released its earnings results on Nov 07, 2024. The company reported -$0.28 earnings per share for the quarter, missing the consensus estimate of $0.243 by -$0.523.
Is Ready Capital Corporation overvalued?
According to Wall Street analysts Ready Capital Corporation’s price is currently Undervalued.
Does Ready Capital Corporation pay dividends?
Ready Capital Corporation pays a Notavailable dividend of $0.25 which represents an annual dividend yield of 16.06%. See more information on Ready Capital Corporation dividends here
What is Ready Capital Corporation’s EPS estimate?
Ready Capital Corporation’s EPS estimate is 0.19.
How many shares outstanding does Ready Capital Corporation have?
Ready Capital Corporation has 168,530,700 shares outstanding.
What happened to Ready Capital Corporation’s price movement after its last earnings report?
Ready Capital Corporation reported an EPS of -$0.28 in its last earnings report, missing expectations of $0.243. Following the earnings report the stock price went up 4.451%.
Which hedge fund is a major shareholder of Ready Capital Corporation?
Currently, no hedge funds are holding shares in RC
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Ready Capital Stock Smart Score
Neutral
1
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7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$8.19 (18.87% Upside)
$8.19 (18.87% Upside)
Blogger Sentiment
Neutral
RC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 27.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.37%
12-Months-Change
Fundamentals
Return on Equity
-4.22%
Trailing 12-Months
Asset Growth
-12.08%
Trailing 12-Months
Company Description
Ready Capital Corporation
Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. The company operates in four segments: SBC Originations, SBA Originations, Acquisitions & Servicing, Loan Acquisitions and Residential Mortgage Banking. The SBC Originations segment originate SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels through its wholly-owned subsidiary, ReadyCap Commercial, LLC. The SBA Originations, Acquisitions & Servicing segment acquires, originates and services owner-occupied loans guaranteed by the SBA its wholly-owned subsidiary, ReadyCap Lending, LLC. The Loan Acquisitions segment acquires performing and non-performing SBC loans and intends to continue to acquire these loans as part of its business strategy. The Residential Mortgage Banking segment through its wholly-owned subsidiary, GMFS, LLC originates residential mortgage loans eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac, FHA, USDA and VA through retail, correspondent and broker channels. Ready Capital was founded in 2011 and is headquartered in New York, NY.
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RC Company Deck
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RC Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflected a cautious optimism with significant progress in strategic initiatives and strong performance in small business lending, while dealing with challenges such as increased delinquencies and losses. The sentiment leans towards recovery and future growth.Read More>---
RC Stock 12 Month Forecast
Average Price Target
$8.19
▲(18.87% Upside)
Technical Analysis
Apollo Real Estate
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Arbor Realty
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Blackstone Mortgage
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Starwood Property
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Ladder Capital
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Best Analysts Covering RC
1 Year
1 Year Success Rate
6/16 ratings generated profit
1 Year Average Return
+16.64%
reiterated a buy rating 2 months ago
Copying Steven Delaney's trades and holding each position for 1 Year would result in 37.50% of your transactions generating a profit, with an average return of +16.64% per trade.
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