Arcus Capital Partners LLC grew its holdings in shares of Ready Capital Co. (NYSE:RC - Free Report) by 233.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,884 shares of the real estate investment trust's stock after buying an additional 41,944 shares during the quarter. Arcus Capital Partners LLC's holdings in Ready Capital were worth $408,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. State Street Corp grew its stake in Ready Capital by 4.8% in the third quarter. State Street Corp now owns 6,315,147 shares of the real estate investment trust's stock worth $49,746,000 after purchasing an additional 287,068 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ready Capital by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,838,284 shares of the real estate investment trust's stock worth $29,292,000 after acquiring an additional 150,479 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ready Capital by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,868,580 shares of the real estate investment trust's stock worth $14,257,000 after acquiring an additional 195,663 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Ready Capital by 12.8% during the 4th quarter. Van ECK Associates Corp now owns 1,540,765 shares of the real estate investment trust's stock valued at $10,508,000 after acquiring an additional 174,725 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its stake in Ready Capital by 84.0% during the third quarter. Clear Harbor Asset Management LLC now owns 1,440,250 shares of the real estate investment trust's stock worth $10,989,000 after purchasing an additional 657,465 shares during the last quarter. Institutional investors and hedge funds own 55.87% of the company's stock.
Ready Capital Stock Performance
NYSE RC traded up $0.12 on Tuesday, hitting $6.85. The stock had a trading volume of 2,693,419 shares, compared to its average volume of 1,887,549. The company's 50-day moving average is $6.92 and its two-hundred day moving average is $7.39. Ready Capital Co. has a one year low of $6.39 and a one year high of $9.53. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -9.79 and a beta of 1.43. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.
Ready Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 14.59%. The ex-dividend date was Tuesday, December 31st. Ready Capital's dividend payout ratio (DPR) is -142.86%.
Analyst Ratings Changes
Several analysts have weighed in on RC shares. Keefe, Bruyette & Woods lowered their target price on shares of Ready Capital from $6.75 to $6.25 and set an "underperform" rating for the company in a research note on Tuesday, January 14th. UBS Group lowered their price objective on shares of Ready Capital from $8.50 to $7.50 and set a "neutral" rating for the company in a research report on Friday, November 15th. JMP Securities cut their target price on shares of Ready Capital from $10.50 to $9.50 and set a "market outperform" rating on the stock in a report on Thursday, December 12th. Finally, B. Riley reaffirmed a "neutral" rating and set a $10.00 target price (down from $12.00) on shares of Ready Capital in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $8.61.
Get Our Latest Research Report on Ready Capital
About Ready Capital
(
Free Report)
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.
Further Reading
Before you consider Ready Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ready Capital wasn't on the list.
While Ready Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
