RC

Ready Capital

6.73 USD
+0.15
2.28%
At close Feb 14, 4:00 PM EST
After hours
6.73
+0.00
0.00%
1 day
2.28%
5 days
0.60%
1 month
1.66%
3 months
-4.81%
6 months
-19.40%
Year to date
-2.18%
1 year
-24.30%
5 years
-59.16%
10 years
-47.09%
 

About: Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of LMM Commercial Real Estate and Small Business Lending. It generates the majority of its revenue from LMM Commercial Real Estate.

Employees: 374

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more call options, than puts

Call options by funds: $5.72M | Put options by funds: $4.58M

25% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]

15% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 26

2.46% more ownership

Funds ownership: 56.53% [Q2] → 58.99% (+2.46%) [Q3]

1% more funds holding

Funds holding: 270 [Q2] → 272 (+2) [Q3]

3% less capital invested

Capital invested by funds: $780M [Q2] → $758M (-$21.8M) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 93

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$6.25
7%
downside
Avg. target
$8.58
28%
upside
High target
$10
49%
upside

3 analyst ratings

positive
33%
neutral
33%
negative
33%
Keefe, Bruyette & Woods
Jade Rahmani
47% 1-year accuracy
16 / 34 met price target
7%downside
$6.25
Underperform
Maintained
14 Jan 2025
B. Riley Securities
Matt Howlett
29% 1-year accuracy
5 / 17 met price target
49%upside
$10
Neutral
Downgraded
7 Jan 2025
JMP Securities
Chris Muller
75% 1-year accuracy
6 / 8 met price target
41%upside
$9.50
Market Outperform
Maintained
12 Dec 2024

Financial journalist opinion

Based on 3 articles about RC published over the past 30 days

Neutral
GlobeNewsWire
2 days ago
Ready Capital Corporation Announces Fourth Quarter and Full Year 2024 Results and Webcast Call
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its fourth quarter and full year 2024 financial results before the New York Stock Exchange opens on Monday, March, 3, 2025. Management will host a webcast and conference call on that same day at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter and year ended December 31, 2024.
Ready Capital Corporation Announces Fourth Quarter and Full Year 2024 Results and Webcast Call
Positive
Benzinga
1 week ago
Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 13% 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 dividend payout.
Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 13% Dividend Yields
Negative
Seeking Alpha
3 weeks ago
Past Time To Take Gains On These Big Yielders
These shares don't give investors a big enough yield or enough upside. The performance throughout the sector has been great, but occasionally, it's better to just pocket the gains.
Past Time To Take Gains On These Big Yielders
Neutral
GlobeNewsWire
1 month ago
Ready Capital Corporation Announces New Share Repurchase Program
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor- and owner-occupied commercial real estate loans, today announced that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to $150.0 million of the Company's common stock. Repurchases under the stock repurchase program may be made at management's discretion from time to time on the open market, in privately negotiated transactions or otherwise, in each case subject to compliance with all Securities and Exchange Commission rules and other legal requirements, and may be made in part under one or more Rule 10b5-1 and Rule 10b-18 plans, which permit stock repurchases at times when the Company might otherwise be precluded from doing so.
Ready Capital Corporation Announces New Share Repurchase Program
Negative
Seeking Alpha
1 month ago
High Yield REITs Whacked By Higher Rates
Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around the middle of the single-digit range.
High Yield REITs Whacked By Higher Rates
Negative
Seeking Alpha
1 month ago
RCD: A 9.00% Senior Note IPO From Ready Capital Corporation
Ready Capital Corporation's new senior notes trading under ticker RCD offer a 9.00% annual interest rate but face significant financial challenges, including inconsistent dividends and a high debt-to-equity ratio. The company's recent dividend cut and negative earnings-to-debt payments ratio raise concerns about its ability to cover debt obligations. Compared to other Ready Capital senior notes, RCD is fairly priced but not the best option due to its longer duration and associated risks.
RCD: A 9.00% Senior Note IPO From Ready Capital Corporation
Positive
Seeking Alpha
2 months ago
Undercovered Dozen: Ubiquiti, Ready Capital, Cardiff Oncology, Vodafone +
The 'Undercovered' Dozen series highlights lesser-covered stocks, offering fresh investment ideas and sparking community discussions on their potential. Ubiquiti Inc. shows promise with operational improvements, Ready Capital Corporation faces liquidity risks, and TORM plc is crucial despite energy sector volatility. Esperion Therapeutics' breakout and Cardiff Oncology's promising trial data present compelling buy opportunities, while Advantest Corporation's high valuation suggests caution.
Undercovered Dozen: Ubiquiti, Ready Capital, Cardiff Oncology, Vodafone +
Neutral
GlobeNewsWire
2 months ago
Ready Capital Corporation Declares Fourth Quarter 2024 Dividends
NEW YORK, Dec. 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 stock and Operating Partnership unit for the quarter ended December 31, 2024. This dividend is payable on January 31, 2025, to shareholders of record as of the close of business on December 31, 2024.
Ready Capital Corporation Declares Fourth Quarter 2024 Dividends
Neutral
Seeking Alpha
2 months ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
Huge Yields, Brief Notes
Neutral
PRNewsWire
2 months ago
NexPoint Comments on Cancellation of United Development Funding IV (UDF IV) 2024 Annual Meeting
UDF IV's Plan "Not to Reconvene the Annual Meeting" is Unacceptable Outcome for Shareholders NexPoint Urges UDF IV to Reconvene Meeting Following Full Disclosure of Ready Capital Transaction Details and to Disclose Amount of Shareholder Funds Used on Advisors for an Annual Meeting it has Failed to Hold DALLAS , Dec. 12, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today issued a statement regarding the "adjournment" of the United Development Funding IV ("UDF IV" or the "Company") Annual Meeting of Shareholders ("Annual Meeting") due to a lack of quorum and the Company's statement that it will not reconvene the Meeting. NexPoint provided the following comment: "We are deeply alarmed by UDF IV's announcement that it will not reconvene the Annual Meeting after failing to meet the quorum threshold.
NexPoint Comments on Cancellation of United Development Funding IV (UDF IV) 2024 Annual Meeting
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