Ready Capital Corporation (RC)
| Market Cap | 1.39B |
| Revenue (ttm) | 495.04M |
| Net Income (ttm) | 214.03M |
| Shares Out | 168.11M |
| EPS (ttm) | 1.49 |
| PE Ratio | 5.56 |
| Forward PE | 7.35 |
| Dividend | $1.20 (14.49%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 1,110,129 |
| Open | 8.12 |
| Previous Close | 8.11 |
| Day's Range | 8.10 - 8.32 |
| 52-Week Range | 7.93 - 11.97 |
| Beta | 1.47 |
| Analysts | Buy |
| Price Target | 33.58 (+305.56%) |
| Earnings Date | Aug 5, 2024 |
About RC
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 LL... [Read more]
Financial Performance
In 2023, Ready Capital's revenue was $630.58 million, an increase of 61.12% compared to the previous year's $391.37 million. Earnings were $323.46 million, an increase of 81.44%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for RC stock is "Buy." The 12-month stock price forecast is $33.58, which is an increase of 305.56% from the latest price.
News
iBusiness Funding, LLC, a division of Ready Capital Corporation, Enters Definitive Agreement to Acquire Funding Circle USA (FC USA), Inc. and Return Funding Circle's Newly Acquired SBLC License to the SBA
FORT LAUDERDALE, Fla. , June 24, 2024 /PRNewswire/ -- iBusiness Funding LLC (iBusiness), the technology and lending services division of Ready Capital Corporation (NYSE: RC), and Funding Circle Holdin...
Ready Capital Corporation Declares Second Quarter 2024 Dividends
NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common st...
Ready Capital Announces Acquisition of Madison One
Allows Leading Non-Bank SBA Lender to Expand its Presence in Government Guaranteed Lending Sector Via USDA and SBA Originator and Servicer. Allows Leading Non-Bank SBA Lender to Expand its Presence in...
Ready Capital to Present at Nareit's REITweek 2024
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that Tom Capasse, Ready Capital's Chairman and Chief Executive Officer, will present at REITwe...
Ready Capital Announces 103% Increase in SBA 7(a) Loans Year to Date and Names Gary Taylor as CEO of ReadyCap Lending
NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital”) proudly announces a significant milestone for its non-bank SBA 7(a) subsidiary, ReadyCap Lending (RCL),...
Ready Capital Corporation Reports First Quarter 2024 Results
- GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.45) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.29 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 8.6% -
Ready Capital Corporation Announces First Quarter 2024 Results and Webcast Call
NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its first quarter 2024 financial results after the New Y...
Ready Capital Corporation Declares First Quarter 2024 Dividends
NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common s...
Ready Capital Corporation Reports Fourth Quarter 2023 Results
- GAAP EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $0.12 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.26 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 7.5% -...
Ready Capital Corporation Announces Fourth Quarter and Full Year 2023 Results and Webcast Call
NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its fourth quarter and full year 2023 financial results a...
Ready Capital Exceeds $1 Billion in Affordable Multifamily Loan Closings During 2023
NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small...
Ready Capital Corporation Declares Fourth Quarter 2023 Dividends
NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common st...
Ready Capital Expands Partnership with Esusu, Donates to the Stable Home Fund
NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small-...
Red Stone Tax Exempt Funding Assumes Ready Capital Brand
NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small...
Ready Capital Corporation Reports Third Quarter 2023 Results
- GAAP EARNINGS PER COMMON SHARE OF $0.25 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.28 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 8.0% -
Ready Capital Corporation Announces Third Quarter 2023 Results and Webcast Call
NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its third quarter 2023 financial results after the New Yo...
Ready Capital Launches Small Balance Construction and Residential Finance Products
NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small...
Waterfall Announces Deployment of Expanded Insurance Asset Management Business
Industry veteran Tim Nabors joined firm earlier this year and will lead new initiative. NEW YORK , Oct. 24, 2023 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global a...
Ready Capital Corporation Declares Third Quarter 2023 Dividends
NEW YORK, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share of common s...
Ready Capital Corporation Reports Second Quarter 2023 Results
- GAAP EARNINGS PER COMMON SHARE OF $1.87 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.36 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 9.3% - NEW YORK, Aug. 07, 2023 (GLOBE NEWSWIR...
Ready Capital Corporation Announces Second Quarter 2023 Results and Webcast Call
NEW YORK, July 31, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its second quarter 2023 financial results after the New Y...
Ready Capital Teams Up with Esusu to Help Multifamily Sponsors Bolster Credit Scores for Renters
NEW YORK, July 12, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small-...
Ready Capital Corporation Declares Second Quarter 2023 Preferred Dividends
NEW YORK, June 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative...
Ready Capital Announces Pricing of RCMF 2023-FL12, a Securitization of $648.6 million in Bridge Loans and the Redemption of RCMF 2020-FL4
NEW YORK, June 12, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced the pricing of a $648.6 million commercial mortgage collateralized l...