Ready Capital (RC) Stock Price, News & Analysis

Company Overview

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. The LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and acquires purchased future receivables. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.

Key Stats

• Today's Range: $7.13 to $7.25
• 50-Day Range: $6.71 to $8.35
• 52-Week Range: $6.65 to $11.67
• Volume: 850,323 shs
• Average Volume: 1.56 million shs
• Market Capitalization: $1.21 billion
• P/E Ratio: N/A
• Dividend Yield: 13.88%
• Price Target: $9.04
• Consensus Rating: Hold

Ready Capital Stock Analysis - MarketRank™

Ready Capital scored higher than 59% of companies evaluated by MarketBeat, and ranked 486th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Ready Capital has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Ready Capital has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 15.05%

Earnings Growth

Earnings for Ready Capital are expected to grow by 15.05% in the coming year, from $0.93 to $1.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ready Capital is -10.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ready Capital is -10.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Ready Capital has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.43% of the outstanding shares of Ready Capital have been sold short.

Short Interest Ratio / Days to Cover

Ready Capital has a short interest ratio ("days to cover") of 10.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Ready Capital has recently decreased by 8.02%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Ready Capital is a leading dividend payer. It pays a dividend yield of 13.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Ready Capital does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Ready Capital will have a dividend payout ratio of 93.46% in the coming year. This indicates that Ready Capital may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.43% of the outstanding shares of Ready Capital have been sold short.

Short Interest Ratio / Days to Cover

Ready Capital has a short interest ratio ("days to cover") of 10.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Ready Capital has recently decreased by 8.02%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.18

News Sentiment

Ready Capital has a news sentiment score of -0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Ready Capital this week, compared to 3 articles on an average week.

Search Interest

Only 8 people have searched for RC on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Ready Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ready Capital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.09% of the stock of Ready Capital is held by insiders.

Percentage Held by Institutions

55.87% of the stock of Ready Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RC Stock Analysis - Frequently Asked Questions

How have RC shares performed this year?

Ready Capital's stock was trading at $10.25 at the start of the year. Since then, RC shares have decreased by 29.7% and is now trading at $7.2050.
View the best growth stocks for 2024 here.

How were Ready Capital's earnings last quarter?

Ready Capital Co. (NYSE:RC) issued its earnings results on Wednesday, August, 7th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.19. The real estate investment trust had revenue of $234.12 million for the quarter, compared to the consensus estimate of $61.77 million. Ready Capital had a negative net margin of 11.65% and a positive trailing twelve-month return on equity of 7.53%.

Who are Ready Capital's major shareholders?

Top institutional investors of Ready Capital include State Street Corp (3.75%), Geode Capital Management LLC (2.28%), Charles Schwab Investment Management Inc. (1.11%) and Clear Harbor Asset Management LLC (0.86%). Insiders that own company stock include Thomas E Capasse, Kevin M Luebbers, Gilbert E Nathan, Andrew Ahlborn and Dominique Mielle.
View institutional ownership trends.

How do I buy shares of Ready Capital?

Shares of RC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ready Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ready Capital investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), NVIDIA (NVDA), Rithm Capital (RITM), AGNC Investment (AGNC), Meta Platforms (META) and Annaly Capital Management (NLY).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 10/31 Dividend: 9/30/2024
• Dividend Payable: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Mortgage REITs
• Current Symbol: NYSE:RC
• CUSIP: 98886K10
• CIK: 1527590
• Web: www.sutherlandam.com
• Phone: (212) 257-4600
• Fax: N/A
• Employees: 350
• Year Founded: 2007

Price Target and Rating

• Average Stock Price Target: $9.04
• High Stock Price Target: $12.00
• Low Stock Price Target: $7.50
• Potential Upside/Downside: +25.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.70)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.75
• P/E Growth: N/A
• Net Income: $339.45 million
• Net Margins: -11.65%
• Pretax Margin: -18.63%
• Return on Equity: 7.53%
• Return on Assets: 1.49%

Debt

• Debt-to-Equity Ratio: 0.54
• Current Ratio: 1.67
• Quick Ratio: 1.67

Sales & Book Value

• Annual Sales: $945.81 million
• Price / Sales: 1.28
• Cash Flow: $1.46 per share
• Price / Cash Flow: 4.92
• Book Value: $13.16 per share
• Price / Book: 0.55

Miscellaneous

• Outstanding Shares: 168,530,000
• Free Float: 166,694,000
• Market Cap: $1.21 billion
• Optionable: Optionable
• Beta: 1.42