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Ready Capital Corporation (RC)

Stock Price: $9.58 USD -0.18 (-1.84%)
Updated Aug 10, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 525.68M
Revenue (ttm) 279.94M
Net Income (ttm) 15.93M
Shares Out 54.87M
EPS (ttm) 0.29
PE Ratio 33.03
Forward PE 10.15
Dividend $1.00
Dividend Yield 10.44%

Stock Quote

Trading Day Aug 10, 2020
Last Price $9.58
Previous Close $9.76
Change ($) -0.18
Change (%) -1.84%
Day's Open 9.75
Day's Range 9.38 - 9.99
Day's Volume 557,936
52-Week Range 3.92 - 16.90

More Stats

Market Cap 525.68M
Enterprise Value 4.46B
Earnings Date (est) Nov 4, 2020
Ex-Dividend Date Mar 30, 2020
Shares Outstanding 54.87M
Float 39.97M
EPS (basic) 0.34
EPS (diluted) 0.29
FCF / Share 0.99
Dividend $1.00
Dividend Yield 10.44%
Earnings Yield 3.03%
FCF Yield 10.18%
Payout Ratio 426.50%
Shares Short 965,715
Short Ratio 1.86
Short % of Float 2.78%
Beta 1.08
PE Ratio 33.03
Forward PE 10.15
P/FCF Ratio 9.82
PS Ratio 1.88
PB Ratio 0.60
Revenue 279.94M
Operating Income 9.48M
Net Income 15.93M
Free Cash Flow 53.52M
Net Cash -3.93B
Net Cash / Share -71.66
Gross Margin 55.03%
Operating Margin 3.39%
Profit Margin 5.80%
FCF Margin 19.12%
ROA 0.35%
ROE 2.12%
ROIC 0.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 4
Overweight 1
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$10.83*
(13.05% upside)
Low
9.50
Current: $9.58
High
12.00
Target: 10.83
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015201420132012
Revenue24920620313710172.4417.1624.45
Revenue Growth20.58%1.96%47.87%35.5%39.52%322.22%-29.82%-
Gross Profit24920620313710172.4417.1624.45
Operating Income64.5062.8447.6565.2247.3243.937.5520.27
Net Income72.9759.2643.2949.1740.3829.346.6719.90
Shares Outstanding42.0132.0931.3526.6525.2924.607.272.72
Earnings Per Share1.721.841.381.851.591.190.927.13
EPS Growth-6.52%33.33%-25.41%16.35%33.61%29.35%-87.1%-
Dividend Per Share1.601.571.481.851.601.601.72-
Dividend Growth1.91%6.08%-20%15.63%0%-6.98%--
Operating Cash Flow-52.4014035216.4828.50-2568.132.63
Capital Expenditures-0.12-1.57----1.31--
Free Cash Flow-52.5113935216.4828.50-2588.132.63
Cash & Equivalents12083.3375.0979.7656.3340.9359.1922.83
Total Debt3,9362,3111,7761,8191,782548429116
Net Cash / Debt-3,816-2,227-1,701-1,739-1,725-507-370-93.25
Assets4,9773,0372,5242,6052,330792620202
Liabilities4,1322,4731,9682,0531,850599442137
Book Value82554553651344117315945.04
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Ready Capital Corporation
Country United States
Employees 430
CEO Thomas Edward Capasse

Stock Information

Ticker Symbol RC
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Mortgage
Unique Identifier NYSE: RC

Description

Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small balance commercial (SBC) loans, small business administration (SBA) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through four segments: Acquisitions; SBC Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking. The Acquisitions segment acquires performing and non-performing SBC loans. The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using various loan origination channels; and originates and services multi-family loan products. The SBA Originations, Acquisitions and Servicing segment acquires, originates, and services owner-occupied loans guaranteed by the SBA. The Residential Mortgage Banking segment originates residential mortgage loans through retail, correspondent, and broker channels. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.