Ready Capital Corporation (RC)

NYSE: RC · IEX Real-Time Price · USD
14.93
0.31 (2.09%)
May 17, 2022 3:58 PM EDT - Market closed
Market Cap1.73B
Revenue (ttm)539.71M
Net Income (ttm)174.50M
Shares Out116.11M
EPS (ttm)2.06
PE Ratio7.26
Forward PE10.15
Dividend$1.68 (11.26%)
Ex-Dividend DateMar 30, 2022
Volume742,867
Open14.81
Previous Close14.62
Day's Range14.72 - 14.98
52-Week Range13.24 - 16.78
Beta1.13
AnalystsBuy
Price Target17.63 (+18.1%)
Earnings DateMay 5, 2022

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...

IndustryMortgage Real Estate Investment Trusts (REITs)
Founded2007
CEOThomas Capasse
Employees630
Stock ExchangeNYSE
Ticker SymbolRC
Full Company Profile

Financial Performance

In 2021, Ready Capital's revenue was $501.64 million, an increase of 30.91% compared to the previous year's $383.19 million. Earnings were $150.24 million, an increase of 234.84%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for RC stock is "Buy." The 12-month stock price forecast is 17.63, which is an increase of 18.12% from the latest price.

Price Target
$17.63
(18.12% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The 5 Best Real Estate Stocks to Buy Now

These 5 real estate stocks have declined with the broader stock market, but have solid fundamentals and offer high dividend yields. The post The 5 Best Real Estate Stocks to Buy Now appeared first on In...

Other symbols:AFCGMFAMITTSACH
8 hours ago - InvestorPlace

Ready Capital Small Business Lending Scales Up with LenderAI

NEW YORK , May 9, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced another Company record for small loan closings (loans from $10,000 to $350,...

1 week ago - PRNewsWire

READY CAPITAL CORPORATION REPORTS FIRST QUARTER 2022 RESULTS

- GAAP EARNINGS PER COMMON SHARE OF $0.70 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.52 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 13.6% - NEW YORK, May 5, 2022 /PRNewswire/ -- R...

1 week ago - PRNewsWire

What's in Store for Ready Capital (RC) This Earnings Season?

While recurring revenues and inorganic moves are expected to have aided, a normalization in residential originations in Q1 is likely to have marred Ready Capital's (RC) performance.

1 week ago - Zacks Investment Research

Ready Capital Corporation Announces First Quarter 2022 Results and Webcast Call

NEW YORK , April 27, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its first quarter 2022 financial results after the New York S...

2 weeks ago - PRNewsWire

Ready Capital Closes in Excess of $1.9 Billion in Bridge Financing During First Quarter of 2022

NEW YORK , April 26, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced more than $1.9 billion in closed origination for its National Bridge Len...

2 weeks ago - PRNewsWire

Ready Capital Corporation Announces Closing of Public Sale of Senior Notes Due 2025

NEW YORK, April 18, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it closed an underwritten public offering of $120.00 million aggrega...

4 weeks ago - PRNewsWire

Ready Capital Corporation Announces Pricing Terms for $120 Million Senior Notes Offering

NEW YORK , April 8, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it has priced an underwritten public offering of $120 million aggreg...

1 month ago - PRNewsWire

New Strong Buy Stocks for April 4th

RC, CHK, IMXI, EPR, and AGCO have been added to the Zacks Rank #1 (Strong Buy) List on April 4th, 2022.

Other symbols:AGCOCHKEPRIMXI
1 month ago - Zacks Investment Research

Best Income Stocks to Buy for April 4th

RC, EPR, and SUN made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 4, 2022

Other symbols:EPRSUN
1 month ago - Zacks Investment Research

8 Top Stocks Trending on Reddit WallStreetBets Today

WallStreetBets continues to be a den of meme traders and we're checking in on the top trending stocks in the Reddit community for Wednesday. The post 8 Top Stocks Trending on Reddit WallStreetBets Today...

1 month ago - InvestorPlace

Ready Capital (RC) Gains But Lags Market: What You Should Know

In the latest trading session, Ready Capital (RC) closed at $15.47, marking a +0.19% move from the previous day.

1 month ago - Zacks Investment Research

Ready Capital Corporation Announces Completion of Mergers

NEW YORK, March 16, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced mergers ("Mergers") pursuan...

2 months ago - PRNewsWire

3 Stalwart mREIT Stocks That Can Battle Interest Rate Headwinds

With the new interest rate paradigm and rising mortgage rates, the Zacks REIT and Equity Trust industry is likely to see a fall in spreads and origination levels. Amid this, STWD, ABR and RC are poised ...

Other symbols:ABRSTWD
2 months ago - Zacks Investment Research

READY CAPITAL CORPORATION DECLARES FIRST QUARTER 2022 DIVIDENDS

NEW YORK , March 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 stock ...

2 months ago - PRNewsWire

Ready Capital Corporation Stockholders Approve Issuance of Common Stock in Mergers with Funds Managed by MREC Managem...

NEW YORK, March 15, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that at the special meeting of stockholders held today, conducted by means...

2 months ago - PRNewsWire

Ready Capital Corporation Announces Closing of RCMF 2022-FL8, a Securitization of $1.135 Billion in Bridge Loans

NEW YORK, March 10, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced the closing of a $1.135 billion commercial mortgage collateralized loan o...

2 months ago - PRNewsWire

Ready Capital Expands Business Lending to Originate 7(a) Small Loans as low as $10,000

NEW YORK, March 9, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital") today announced that it has expanded its SBA 7(a) lending program to support the most underserved businesse...

2 months ago - PRNewsWire

Best Income Stocks to Buy for March 2nd

RC, SBSW, and SOI made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 2, 2022

Other symbols:SBSWSOI
2 months ago - Zacks Investment Research

READY CAPITAL CORPORATION REPORTS FOURTH QUARTER 2021 RESULTS

NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and ser...

2 months ago - PRNewsWire

What's in the Cards for Ready Capital (RC) in Q4 Earnings?

While strong demand in small-balance commercial portfolios is expected to have aided, a normalization in residential originations in Q4 is likely to have marred Ready Capital's (RC) performance.

2 months ago - Zacks Investment Research

SHAREHOLDER ALERT: WeissLaw LLP Investigates Ready Capital Corporation

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ready Capital Corporation ("Ready Capit...

2 months ago - PRNewsWire

Ready Capital Originates Over $800 million in Small Balance Multifamily Loans in 2021

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital") today announced that it was recently named a top-five contributor to the Optigo Small Balance Loan program ...

2 months ago - PRNewsWire

READY CAPITAL CORPORATION ANNOUNCES FOURTH QUARTER 2021 RESULTS AND WEBCAST CALL

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its fourth quarter 2021 financial results after the New York St...

3 months ago - PRNewsWire

Ready Capital (RC) Gains As Market Dips: What You Should Know

Ready Capital (RC) closed at $14.20 in the latest trading session, marking a +0.07% move from the prior day.

3 months ago - Zacks Investment Research