UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.76 Million Holdings in Ready Capital Co. (NYSE:RC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Ready Capital Co. (NYSE:RC - Free Report) by 45.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 362,226 shares of the real estate investment trust's stock after acquiring an additional 112,811 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Ready Capital worth $2,764,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC raised its holdings 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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. Wolverine Asset Management LLC increased its holdings in shares of Ready Capital by 2,902.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 402,291 shares of the real estate investment trust's stock valued at $3,069,000 after purchasing an additional 388,891 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Ready Capital in the third quarter worth approximately $730,000. Finally, Spire Wealth Management boosted its holdings in shares of Ready Capital by 1,115.6% during the second quarter. Spire Wealth Management now owns 168,261 shares of the real estate investment trust's stock worth $1,376,000 after purchasing an additional 154,419 shares during the period. 55.87% of the stock is currently owned by institutional investors.

Ready Capital Stock Up 1.5 %

NYSE:RC traded up $0.11 during trading hours on Friday, reaching $7.45. The company's stock had a trading volume of 2,017,723 shares, compared to its average volume of 1,470,628. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -10.64 and a beta of 1.43. Ready Capital Co. has a one year low of $6.65 and a one year high of $11.67. The business's 50-day moving average is $7.17 and its 200-day moving average is $7.97.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RC shares. UBS Group dropped their price objective on shares of Ready Capital from $8.50 to $7.50 and set a "neutral" rating on the stock in a research note on Friday, November 15th. JMP Securities dropped their price target on shares of Ready Capital from $10.50 to $9.50 and set a "market outperform" rating on the stock in a research note on Thursday. Finally, Piper Sandler cut their price objective on Ready Capital from $9.50 to $8.00 and set a "neutral" rating for the company in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Ready Capital presently has an average rating of "Hold" and an average price target of $9.11.

Ready Capital Company Profile

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.