Ready Capital Corporation (RC)

NYSE: RC · IEX Real-Time Price · USD
8.92
-0.16 (-1.76%)
At close: Jul 12, 2024, 4:00 PM
8.95
+0.03 (0.34%)
After-hours: Jul 12, 2024, 7:28 PM EDT
-1.76%
Market Cap 1.50B
Revenue (ttm) 495.04M
Net Income (ttm) 214.03M
Shares Out 168.11M
EPS (ttm) 1.49
PE Ratio 5.99
Forward PE 7.87
Dividend $1.20 (13.45%)
Ex-Dividend Date Jun 28, 2024
Volume 2,914,632
Open 9.15
Previous Close 9.08
Day's Range 8.78 - 9.22
52-Week Range 7.93 - 11.97
Beta 1.49
Analysts Buy
Price Target 33.58 (+276.46%)
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]

Industry REIT - Mortgage
Sector Real Estate
Founded 2007
Employees 374
Stock Exchange NYSE
Ticker Symbol RC
Full Company Profile

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 Statements

Analyst 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 276.46% from the latest price.

Price Target
$33.58
(276.46% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

20 days ago - PRNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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),...

7 weeks ago - GlobeNewsWire

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%  -

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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%   -...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

This Real Estate Portfolio Yields More Than 12%

Select real estate may be the income investing play for 2024. As I write, seven real estate investment trusts (REITs) are dishing dividends from 8.7% all the way up to 15.4%.

Other symbols: ARRBDNGNLHIWSVCUNIT
7 months ago - Forbes

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...

7 months ago - GlobeNewsWire

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-...

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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%   -

8 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

9 months ago - PRNewsWire

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...

10 months 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...

1 year 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...

1 year 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-...

1 year 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...

1 year 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...

1 year ago - GlobeNewsWire