RCD

Ready Capital Corporation 9.00% Senior Notes due 2029
RCD

Overview Fund Activity
23.72 USD
-0.28
1.17%
At close Updated Sep 17, 4:00 PM EDT
1 day
-1.17%
5 days
-1.78%
1 month
-1.58%
3 months
3.72%
6 months
0.81%
Year to date
-5.65%
1 year
-4.89%
5 years
-4.89%
10 years
-4.89%
Real Estate Diversified REIT
0
Funds holding %
of 7,463 funds
–
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 1 [Q1] → 1 (+0) [Q2]

0% more ownership

Funds ownership: 0.38% [Q1] → 0.38% (+0%) [Q2]

4% less capital invested

Capital invested by funds: $478K [Q1] → $457K (-$21.2K) [Q2]

See Fund Rankings

Financial journalist opinion

Neutral
Seeking Alpha
3 days ago
Ready Capital At 40 Cents On The Dollar Is Too Extreme A Discount
Ready Capital trades at a 60% discount to book value, also paying out a 12% dividend yield that's not being covered by distributable earnings. RC maintains strong liquidity with $150 million in cash and $1 billion in unencumbered assets, supporting ongoing share buybacks and the common share dividend. Pending Fed rate cuts should help slim the mREIT's discount to book value, with the common equity trading at its largest ever discount.
Ready Capital At 40 Cents On The Dollar Is Too Extreme A Discount
Positive
Seeking Alpha
3 months ago
Ditch Mortgage REITs? These High Yielders Are Crushing It
Mortgage REITs have endured many rough quarters. They are not the only choice for big yields. We will cover a few alternatives that offer big yields with less risk.
Ditch Mortgage REITs? These High Yielders Are Crushing It
Positive
Seeking Alpha
3 months ago
Ready Capital: Distress And Opportunity, Why I Bought The Series E Preferreds
I've been accumulating RC's 6.50% Series E Preferreds, amid a significant year-to-date selloff. They're trading for 62 cents on the dollar and offer a 10.5% dividend yield. RC common shares are down 40% year-to-date, while the E preferreds have dipped 16%. I think the selloff is overdone and the preferreds provide a compelling risk-to-reward profile at their current level.
Ready Capital: Distress And Opportunity, Why I Bought The Series E Preferreds
Neutral
Seeking Alpha
6 months ago
Preferreds/Bond Weekly Review: Couple Of New Issues
We take a look at the action in preferreds and baby bonds through the first week of March and highlight some of the key themes we are watching. Most preferreds sectors declined due to rising Treasury yields and wider spreads, reflecting weaker risk sentiment and lower equity prices. PennyMac Mortgage Investment Trust issued a new 9% 2030 bond, trading at an 8.35% yield, offering a stable book value profile.
Preferreds/Bond Weekly Review: Couple Of New Issues
Negative
Seeking Alpha
6 months ago
RCD: A Baby Bond To Sell, Not To Buy
Ready Capital Corporation's 9.00% Senior Notes due 2029 carry high risk due to poor management and significant equity value destruction over the past decade. Despite the attractive 9% coupon, RCD's high duration and default risk make it an unfavorable investment compared to more stable alternatives. The company's common equity has plunged over 20% year-to-date, and a class action suit further questions management's competence and solvency.
RCD: A Baby Bond To Sell, Not To Buy
Neutral
Seeking Alpha
6 months ago
8% Or Higher Yields Face Off
Six investments enter, six leave. This isn't a death match. All six have huge yields, but the valuations create some material differences. We've added three more baby bonds to our sector charts.
8% Or Higher Yields Face Off
Negative
Seeking Alpha
8 months 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
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