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Ready Capital Corporation (RC)
NYSE:RC
Ready Capital (RC) Stock Price & Analysis
849 Followers
RC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.02 - $10.97
Previous Close$8.58
Volume926.86K
Average Volume (3M)1.48M
Market Cap
$1.50B
Enterprise Value$4.64B
Total Cash (Recent Filing)$181.91M
Total Debt (Recent Filing)$3.27B
Price to Earnings (P/E)5.4
Beta1.40
Next Earnings
Aug 07, 2024EPS Estimate
$0.27Last Dividend Ex-Date
Mar 27, 2024Dividend Yield15.85%
Share Statistics
EPS (TTM)1.59
Shares Outstanding168,873,507
10 Day Avg. Volume1,868,444
30 Day Avg. Volume1,475,680
Standard Deviation0.13
R-Squared0.33
Alpha-0.00474
Financial Highlights & Ratios
Price to Book (P/B)0.59
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-12.20
P/FCF Ratio3.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue277.66
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda5.01
Forecast
1Y Price Target
$10.17Price Target Upside14.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Ready Capital News
Bulls Say, Bears Say
Bulls Say
Financial StabilityThe company does not have any near-term debt maturities, with 89% of corporate debt maturing in 4 years or more.
Growth PotentialManagement expects earnings to improve as increased liquidity is deployed into current market yields, aligning with historical return targets.
Valuation And PerformanceReady Capital shares warrant a premium valuation to the Commercial Mortgage REIT universe.
Bears Say
Dividend ChangeReady Capital announced that it reduced its quarterly dividend by 16.7% from $0.36/sh to $0.30/sh.
Dividend CoverageDistributable earnings did not fully cover the dividend of $0.30 per share, with a coverage ratio of 87%.
Earnings ImpactGAAP earnings were negatively impacted by a $6.7M, or $0.04 per share, increase to CECL reserves.
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Ownership Overview
9.72% Insiders
10.38% Mutual Funds
32.61% Other Institutional Investors
47.30% 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 $8.02 and its highest was $10.97 in the past 12 months.
What is Ready Capital Corporation’s market cap?
Currently, no data Available
When is Ready Capital Corporation’s upcoming earnings report date?
Ready Capital Corporation’s upcoming earnings report date is Aug 07, 2024 which is in 85 days.
How were Ready Capital Corporation’s earnings last quarter?
Ready Capital Corporation released its earnings results on May 08, 2024. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01.
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 $0.3 which represents an annual dividend yield of 15.85%. See more information on Ready Capital Corporation dividends here
What is Ready Capital Corporation’s EPS estimate?
Ready Capital Corporation’s EPS estimate is $0.27.
How many shares outstanding does Ready Capital Corporation have?
Ready Capital Corporation has 168,873,500 shares outstanding.
What happened to Ready Capital Corporation’s price movement after its last earnings report?
Ready Capital Corporation reported an EPS of $0.29 in its last earnings report, beating expectations of $0.28. Following the earnings report the stock price went up 2.485%.
Which hedge fund is a major shareholder of Ready Capital Corporation?
Among the largest hedge funds holding Ready Capital Corporation’s share is Sheaff Brock Investment Advisors LLC. It holds Ready Capital Corporation’s shares valued at 134K.
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Ready Capital Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$10.17 (14.27% Upside)
$10.17 (14.27% Upside)
Blogger Sentiment
Neutral
RC Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 13.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $211.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.6%
Last 30 Days ▼ 3.0%
Last 30 Days ▼ 3.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-4.52%
12-Months-Change
Fundamentals
Return on Equity
11.29%
Trailing 12-Months
Asset Growth
4.39%
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
Q1 2024
0:00 / 0:00
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RC Stock 12 Month Forecast
Average Price Target
$10.17
▲(14.27% Upside)
Technical Analysis
Best Analysts Covering RC
1 Year
1 Year Success Rate
7/14 ratings generated profit
1 Year Average Return
+21.37%
reiterated a buy rating 3 months ago
Copying Steven Delaney's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +21.37% per trade.
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