Ready Capital Corporation (RC)
| Market Cap | 1.18B |
| Revenue (ttm) | 453.83M |
| Net Income (ttm) | 149.93M |
| Shares Out | 110.75M |
| EPS (ttm) | 1.34 |
| PE Ratio | 7.97 |
| Forward PE | 10.15 |
| Dividend | $0.56 (5.24%) |
| Ex-Dividend Date | Jun 29, 2023 |
| Volume | 4,631,047 |
| Open | 10.20 |
| Previous Close | 9.93 |
| Day's Range | 10.12 - 10.72 |
| 52-Week Range | 9.36 - 14.79 |
| Beta | 1.44 |
| Analysts | Buy |
| Price Target | 13.25 (+24.06%) |
| Earnings Date | May 8, 2023 |
About RC
Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage 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 Acquisitions segmen... [Read more]
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 StatementsAnalyst Forecast
According to 6 analysts, the average rating for RC stock is "Buy." The 12-month stock price forecast is $13.25, which is an increase of 24.06% from the latest price.
News
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...
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...
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...
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...
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...
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...
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...
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% -
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...
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, ...
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...
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...
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...
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...
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...
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 –
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...
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...
READY CAPITAL CORPORATION DECLARES FOURTH QUARTER 2022 DIVIDENDS
NEW YORK , Dec. 15, 2022 /PRNewswire/ -- 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 stock...
READY CAPITAL CORPORATION REPORTS THIRD QUARTER 2022 RESULTS
- GAAP EARNINGS PER COMMON SHARE OF $0.53 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.46 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 12.7% - NEW YORK , Nov. 7, 2022 /PRNewswire/ ...
Ready Capital Corporation Announces Third Quarter 2022 Results and Webcast Call
NEW YORK , Oct. 31, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its third quarter 2022 financial results after the New York ...
COMMITTED TO CERTAINTY OF EXECUTION, READY CAPITAL CLOSES OVER $800 MILLION IN COMMERCIAL REAL ESTATE LOANS DURING Q3 2022
NEW YORK , Oct. 19, 2022 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and ...
READY CAPITAL CORPORATION ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM
NEW YORK , Sept. 29, 2022 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and...
READY CAPITAL CORPORATION DECLARES THIRD QUARTER 2022 DIVIDENDS
NEW YORK , Sept. 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common sto...