Ready Capital Corporation (RC)
| Market Cap | 1.19B |
| Revenue (ttm) | 140.36M |
| Net Income (ttm) | -118.94M |
| Shares Out | 169.44M |
| EPS (ttm) | -0.70 |
| PE Ratio | n/a |
| Forward PE | 7.81 |
| Dividend | $1.00 (14.18%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 2,007,146 |
| Open | 6.95 |
| Previous Close | 6.75 |
| Day's Range | 6.87 - 7.14 |
| 52-Week Range | 6.45 - 10.00 |
| Beta | 1.50 |
| Analysts | Hold |
| Price Target | 28.75 (+307.8%) |
| Earnings Date | Feb 25, 2025 |
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 $429.31 million, an increase of 4.50% compared to the previous year's $410.85 million. Earnings were $330.17 million, an increase of 78.76%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for RC stock is "Hold." The 12-month stock price forecast is $28.75, which is an increase of 307.80% from the latest price.
News
Ready Capital Corporation Announces New Share Repurchase Program
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances an...
High Yield REITs Whacked By Higher Rates
Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around th...
New Preferred Stock IPOs, December 2024
December saw six new preferred stock and exchange traded debt offerings with yields ranging from 6% to 9%, highlighting diverse investment opportunities. CDx3 preferreds ranked 10 out of 10 offer an a...
RCD: A 9.00% Senior Note IPO From Ready Capital Corporation
Ready Capital Corporation's new senior notes trading under ticker RCD offer a 9.00% annual interest rate but face significant financial challenges, including inconsistent dividends and a high debt-to-...
Undercovered Dozen: Ubiquiti, Ready Capital, Cardiff Oncology, Vodafone +
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Ready Capital Corporation Declares Fourth Quarter 2024 Dividends
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common st...
NexPoint Comments on Cancellation of United Development Funding IV (UDF IV) 2024 Annual Meeting
UDF IV's Plan "Not to Reconvene the Annual Meeting" is Unacceptable Outcome for Shareholders NexPoint Urges UDF IV to Reconvene Meeting Following Full Disclosure of Ready Capital Transaction Details a...
Ready Capital Corporation Announces Closing of Public Offering of Senior Notes Due 2029 and Partial Exercise of Over-allotment Option
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it closed an underwritten public offering of $130 million aggre...
NexPoint Comments on United Development Funding IV (UDF IV) Annual Meeting
Declines to Appear at Annual Meeting, Calls for Adjournment of Meeting Until UDF IV Provides Proper Disclosure on Recently Announced Merger with Ready Capital DALLAS , Dec. 10, 2024 /PRNewswire/ -- Ne...
Ready Capital: 9% Senior Notes Might Be Worth Pursuing
Ready Capital's Q3 2024 showed another decrease in book value. Q3 2024 actually had negative distributable earnings. The company made an acquisition and offered to place debt at a 9% yield.
Ready Capital Corporation Announces Pricing of Public Offering of Senior Notes Due 2029
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it priced an underwritten public offering of $115.0 million a...
Ready Capital Corporation Announces Public Offering of Senior Notes Due 2029
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it is commencing an underwritten public offering of senior unse...
Ready Capital and United Development Funding IV Announce Definitive Agreement for Ready Capital to Acquire United Development Funding IV
Adds scale and extends Ready Capital's core platform with UDF IV's proven land development lending platform Diversifies Ready Capital's portfolio and offers land development solution to borrowers and ...
3 High Yield October Dividend Payers: Blackstone, Ready Capital And Medical Property Trust
My portfolio, Rose's Income Garden (RIG), is highly diversified with 84 investments across all 11 sectors, ensuring resilience against market fluctuations. Despite three dividend cuts in October, I re...
Ready Capital Corporation (RC) Q3 2024 Earnings Call Transcript
Ready Capital Corporation (NYSE:RC) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Andrew Ahlborn - Chief Financial Office Thomas Capasse - Chief Executive Officer ...
Ready Capital Corporation Announces Third Quarter 2024 Results and Webcast Call
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its third quarter 2024 financial results after the New Yo...
Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks
Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising divi...
Ready Capital: When Is The Final Dividend Cut?
Ready Capital's dividend cut to $0.25 per share marks a significant sequential reduction, with a current yield of 14%, significantly above pre-pandemic levels. RC's net book value has declined to $12....
Top 3 Financials Stocks That May Jump This Quarter
The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.
Ready Capital Corporation Declares Third Quarter 2024 Dividends
NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common s...
5 Small Caps Yielding 9%-15%: Hidden Values Or Overlooked Trash?
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