Ready Capital Corporation released its earnings results on May 08, 2023. The company reported $0.3 earnings per share for the quarter, missing the consensus estimate of $0.409 by -$0.109.

Is Ready Capital Corporation overvalued?

According to Wall Street analysts Ready Capital Corporation’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Ready Capital Corporation pay dividends?

Ready Capital Corporation pays a Quarterly dividend of $0.14 which represents an annual dividend yield of 15.35%. See more information on Ready Capital Corporation dividends here

What is Ready Capital Corporation’s EPS estimate?

Ready Capital Corporation’s EPS estimate is $0.38.

How many shares outstanding does Ready Capital Corporation have?

Ready Capital Corporation has 173,905,730 shares outstanding.

What happened to Ready Capital Corporation’s price movement after its last earnings report?

Ready Capital Corporation reported an EPS of $0.3 in its last earnings report, missing expectations of $0.409. Following the earnings report the stock price went down -2.874%.

Which hedge fund is a major shareholder of Ready Capital Corporation?

Among the largest hedge funds holding Ready Capital Corporation’s share is HBK Investments LP. It holds Ready Capital Corporation’s shares valued at 2M.

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Ready Capital Stock Smart Score

Outperform

Fundamentals

Return on Equity

8.57%

Trailing 12-Months

Asset Growth

0.53%

Trailing 12-Months

The Ready Capital stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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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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