What is B. Riley's Estimate for Ready Capital Q1 Earnings?

Ready Capital Co. (NYSE:RC - Free Report) - Equities research analysts at B. Riley lowered their Q1 2025 EPS estimates for Ready Capital in a report issued on Monday, April 21st. B. Riley analyst R. Binner now forecasts that the real estate investment trust will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.15. B. Riley has a "Neutral" rating and a $10.00 price objective on the stock. The consensus estimate for Ready Capital's current full-year earnings is $0.93 per share. B. Riley also issued estimates for Ready Capital's Q2 2025 earnings at $0.16 EPS and FY2025 earnings at $0.70 EPS.

RC has been the subject of a number of other research reports. UBS Group dropped their price objective on Ready Capital from $5.00 to $4.75 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Wedbush reissued a "neutral" rating and issued a $6.00 price target (down previously from $8.00) on shares of Ready Capital in a report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their price objective on shares of Ready Capital from $6.25 to $4.00 and set an "underperform" rating for the company in a research note on Wednesday, March 5th. Finally, Citizens Jmp cut Ready Capital from an "outperform" rating to a "market perform" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Ready Capital has an average rating of "Hold" and an average target price of $7.04.

Ready Capital Trading Up 2.2 %

NYSE RC opened at $4.47 on Wednesday. The stock has a 50-day moving average of $5.27 and a 200-day moving average of $6.42. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. Ready Capital has a 1-year low of $4.16 and a 1-year high of $9.54. The firm has a market cap of $767.21 million, a PE ratio of -6.38 and a beta of 1.23.

Hedge Funds Weigh In On Ready Capital

Several large investors have recently made changes to their positions in the business. Barclays PLC raised its stake in Ready Capital by 205.9% during the third quarter. Barclays PLC now owns 484,986 shares of the real estate investment trust's stock valued at $3,699,000 after buying an additional 326,467 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ready Capital by 4.1% during the third quarter. Geode Capital Management LLC now owns 3,838,284 shares of the real estate investment trust's stock valued at $29,292,000 after acquiring an additional 150,479 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Ready Capital by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 792,536 shares of the real estate investment trust's stock worth $6,047,000 after purchasing an additional 25,545 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Ready Capital by 50.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 336,773 shares of the real estate investment trust's stock worth $2,570,000 after purchasing an additional 112,934 shares in the last quarter. Finally, Seed Wealth Management Inc. grew its position in Ready Capital by 93.8% during the 4th quarter. Seed Wealth Management Inc. now owns 24,800 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 12,000 shares during the last quarter. 55.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ready Capital

In other Ready Capital news, CEO Thomas E. Capasse acquired 10,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $4.80 per share, for a total transaction of $48,000.00. Following the completion of the acquisition, the chief executive officer now owns 319,925 shares in the company, valued at $1,535,640. This trade represents a 3.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.09% of the company's stock.

Ready Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 11.20%. Ready Capital's dividend payout ratio (DPR) is -18.94%.

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.

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