Ready Capital Corporation (RC)

NYSE: RC · IEX Real-Time Price · USD
10.11
-0.04 (-0.39%)
At close: Sep 29, 2023, 4:00 PM
10.19
+0.08 (0.79%)
After-hours: Sep 29, 2023, 7:58 PM EDT
-0.39%
Market Cap 1.74B
Revenue (ttm) 670.94M
Net Income (ttm) 342.72M
Shares Out 171.97M
EPS (ttm) 2.65
PE Ratio 3.82
Forward PE 6.48
Dividend $1.44 (14.24%)
Ex-Dividend Date Sep 28, 2023
Volume 836,500
Open 10.22
Previous Close 10.15
Day's Range 10.11 - 10.35
52-Week Range 9.36 - 13.74
Beta 1.45
Analysts Buy
Price Target 11.90 (+17.71%)
Earnings Date Nov 6, 2023

About RC

Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisit... [Read more]

Industry REIT - Mortgage
Sector Real Estate
Founded 2007
Employees 582
Stock Exchange NYSE
Ticker Symbol RC
Full Company Profile

Financial Performance

In 2022, Ready Capital's revenue was $495.48 million, a decrease of -1.23% compared to the previous year's $501.64 million. Earnings were $178.27 million, an increase of 24.89%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for RC stock is "Buy." The 12-month stock price forecast is $11.9, which is an increase of 17.71% from the latest price.

Price Target
$11.9
(17.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

15 days ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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-...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

Ready Capital Corporation Announces New Share Repurchase Program

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, a...

4 months ago - GlobeNewsWire

Ready Capital to Present at Nareit's REITweek 2023

NEW YORK, June 01, 2023 (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...

4 months ago - GlobeNewsWire

Ready Capital Corporation Announces Completion of Merger

NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced merger ("Merger") pursu...

4 months ago - GlobeNewsWire

Ready Capital Corporation Stockholders Approve Issuance of Common Stock in Merger with Broadmark Realty Capital Inc.

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital” or the “Company”) today announced that at the special meeting of stockholders held today, conducted by m...

4 months ago - GlobeNewsWire

CORRECTION NOTICE OF PRESS RELEASE ANNOUNCING IBUSINESS FUNDING ACQUISITION OF SELECT NON-SBA ASSETS AND TALENT FROM FOUNTAINHEAD SBF LLC

FORT LAUDERDALE, Fla. , May 26, 2023 /PRNewswire/ -- iBusiness Funding, LLC, a leading provider of innovative lending solutions like LenderAI and Lending as a Service (LaaS), today announced a correct...

4 months ago - PRNewsWire

IBUSINESS FUNDING AQUIRES SELECT NON-SBA ASSETS AND TALENT FROM FOUNTAINHEAD SBF LLC

Leading lending solution provider completes acquisition to fuel growth FORT LAUDERDALE, Fla. , May 18, 2023 /PRNewswire/ -- iBusiness Funding, LLC, a leading provider of innovative lending solutions l...

4 months ago - PRNewsWire

Ready Capital Corporation Declares Second Quarter Dividends

NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) announced that its Board of Directors declared two dividends to common stockholders a...

4 months ago - GlobeNewsWire

Ready Capital Corporation Reports First Quarter 2023 Results

- GAAP EARNINGS PER COMMON SHARE OF $0.30 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.31 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 8.5% -

5 months ago - GlobeNewsWire

Ready Capital Corporation Announces First Quarter 2023 Results and Webcast Call

NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its first quarter 2023 financial results after the New Y...

5 months ago - GlobeNewsWire

Ready Capital Crosses $10 Billion in Bridge Originations Since Launching its Bridge Platform in 2015

NEW YORK, April 12, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation announced today that as of the first quarter of 2023, it exceeded $10 billion in bridge originations, comprising over 500 loans, ...

6 months ago - GlobeNewsWire

Ready Capital Corporation Declares First Quarter 2023 Dividends

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share of common s...

7 months ago - GlobeNewsWire

SHAREHOLDER ALERT: Weiss Law Investigates Broadmark Realty Capital Inc.

NEW YORK , Feb. 28, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Broadmark Realty Capital Inc. ("Broadma...

7 months ago - PRNewsWire

BROADMARK REALTY INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Broadmark Realty Capital Inc. - BRMK

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Broadmark Realty...

7 months ago - Business Wire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Broadmark Realty Capital Inc.

NEW YORK , Feb. 27, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Broadmark Realty Capital Inc. (NYSE: BRMK) and its board of directors concerning the pr...

7 months ago - PRNewsWire

RC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Ready Capital Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Ready Capital Corporation (NYSE: RC) and Broadmark Realty Capital Inc. is fair to Ready...

7 months ago - Business Wire

Ready Capital and Broadmark Realty Capital Announce Definitive Merger Agreement

− Transaction will create the 4th largest commercial mortgage REIT with a capital base of $2.8 billion –

7 months ago - GlobeNewsWire

Ready Capital Corporation Reports Fourth Quarter 2022 Results

NEW YORK, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, a...

7 months ago - GlobeNewsWire

Best REITS For Reliable Income For 2023

REITs are dividend-paying entities that own or finance real estate.

Other symbols: ARRCHMICIMIVRMFANLYORC
8 months ago - Forbes

Ready Capital Corporation Announces Fourth Quarter and Full Year 2022 Results and Webcast Call

NEW YORK, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will host a webcast and conference call at 8:00 a.m. Eastern Time on M...

8 months ago - GlobeNewsWire