Ready Capital Corporation (RC)
| Market Cap | 1.18B |
| Revenue (ttm) | 226.11M |
| Net Income (ttm) | -64.06M |
| Shares Out | 168.21M |
| EPS (ttm) | -0.41 |
| PE Ratio | n/a |
| Forward PE | 6.46 |
| Dividend | $1.00 (14.25%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 2,028,740 |
| Open | 7.25 |
| Previous Close | 7.25 |
| Day's Range | 6.99 - 7.25 |
| 52-Week Range | 6.99 - 11.67 |
| Beta | 1.47 |
| Analysts | Hold |
| Price Target | 32.88 (+368.38%) |
| Earnings Date | Nov 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 $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 $32.88, which is an increase of 368.38% from the latest price.
News
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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Wall Street's Most Accurate Analysts Spotlight On 3 Financials Stocks With Over 12% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
10% Or Higher Dividend Yields
BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred shar...
Waterfall Asset Management Expands Partnership with Onity Through Transfer of Reverse Mortgage Assets
NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser with a focus on specialized asset oriented markets, announ...
Ready Capital: Light At The End Of The Tunnel As Cleanup Efforts Show
Ready Capital Corporation reported terrible Q2 2024 numbers. The distributable earnings were down to just 7 cents. But the stock did not react negatively, and we go over why we think that is.
Ready Capital Corporation (RC) Q2 2024 Earnings Call Transcript
Ready Capital Corporation (NYSE:RC) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Andrew Ahlborn - Chief Financial Office Tom Capasse - Chief Executive Officer Adam ...
Ready Capital Corporation Reports Second Quarter 2024 Results
- GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.21) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.07 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES ...
Ready Capital Corporation Announces Second Quarter 2024 Results and Webcast Call
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its second quarter 2024 financial results after the New Y...
Readers Identify 30 Ideal June Dividend Buys Out Of 40 Nods
Prior to June 30, 2024, my REaders mentioned 40 equities in their comments on my articles. Some bad news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. ...
12%+ Dividend Yields Duel
This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the chan...
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...
12% Dividend Yield Sure Beats 8%
Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We've invested in these shares before. Now we're doing it again. Except this ...
Readers Identify 29 Ideal May Dividend Buys
Prior to May 31, 2024, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, readers commented about the ReFa/Ro. T...
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...
9%+ Yields For Bigger Income
We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher. When we consider these high-yielding investments, it's important to carefully compare them wit...
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...