Ready Capital Corporation (RC)
Stock Price:
$9.58 USD
-0.18 (-1.84%)
Updated Aug 10, 2020 4:00 PM EDT - Market closed
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 |
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
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|
| Revenue | 249 | 206 | 203 | 137 | 101 | 72.44 | 17.16 | 24.45 |
| Revenue Growth | 20.58% | 1.96% | 47.87% | 35.5% | 39.52% | 322.22% | -29.82% | - |
| Gross Profit | 249 | 206 | 203 | 137 | 101 | 72.44 | 17.16 | 24.45 |
| Operating Income | 64.50 | 62.84 | 47.65 | 65.22 | 47.32 | 43.93 | 7.55 | 20.27 |
| Net Income | 72.97 | 59.26 | 43.29 | 49.17 | 40.38 | 29.34 | 6.67 | 19.90 |
| Shares Outstanding | 42.01 | 32.09 | 31.35 | 26.65 | 25.29 | 24.60 | 7.27 | 2.72 |
| Earnings Per Share | 1.72 | 1.84 | 1.38 | 1.85 | 1.59 | 1.19 | 0.92 | 7.13 |
| EPS Growth | -6.52% | 33.33% | -25.41% | 16.35% | 33.61% | 29.35% | -87.1% | - |
| Dividend Per Share | 1.60 | 1.57 | 1.48 | 1.85 | 1.60 | 1.60 | 1.72 | - |
| Dividend Growth | 1.91% | 6.08% | -20% | 15.63% | 0% | -6.98% | - | - |
| Operating Cash Flow | -52.40 | 140 | 352 | 16.48 | 28.50 | -256 | 8.13 | 2.63 |
| Capital Expenditures | -0.12 | -1.57 | - | - | - | -1.31 | - | - |
| Free Cash Flow | -52.51 | 139 | 352 | 16.48 | 28.50 | -258 | 8.13 | 2.63 |
| Cash & Equivalents | 120 | 83.33 | 75.09 | 79.76 | 56.33 | 40.93 | 59.19 | 22.83 |
| Total Debt | 3,936 | 2,311 | 1,776 | 1,819 | 1,782 | 548 | 429 | 116 |
| Net Cash / Debt | -3,816 | -2,227 | -1,701 | -1,739 | -1,725 | -507 | -370 | -93.25 |
| Assets | 4,977 | 3,037 | 2,524 | 2,605 | 2,330 | 792 | 620 | 202 |
| Liabilities | 4,132 | 2,473 | 1,968 | 2,053 | 1,850 | 599 | 442 | 137 |
| Book Value | 825 | 545 | 536 | 513 | 441 | 173 | 159 | 45.04 |
Numbers in millions USD, except per-share numbers.
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.