BTIG lowered the firm’s price target on Ready Capital to $10 from $12 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 among Commercial Mortgage REITs. The firm is citing lower portfolio churn, market volatility, and persistently higher rates in updating its estimates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RC:
- Ready Capital Corporation Declares First Quarter 2024 Dividends
- Ready Capital price target lowered to $12 from $13 at B. Riley
- Ready Capital downgraded to Underperform from Market Perform at Keefe Bruyette
- New Share Price & Shareholder Rights Risk for Ready Capital – What’s the Latest?
- Ready Capital price target lowered to $9.50 from $11 at Wedbush
