LADENBURG THALM/SH SH upgraded shares of Ready Capital (NYSE:RC) from a neutral rating to a buy rating in a research note issued to investors on Friday, Marketbeat Ratings reports. LADENBURG THALM/SH SH currently has $17.00 price target on the real estate investment trust’s stock.
A number of other analysts have also recently issued reports on the stock. Compass Point upgraded shares of Ready Capital from a neutral rating to a buy rating in a research note on Friday. ValuEngine cut shares of Ready Capital from a hold rating to a sell rating in a research note on Thursday. Zacks Investment Research cut shares of Ready Capital from a strong-buy rating to a hold rating in a research note on Thursday, October 11th. Sandler O’Neill restated a hold rating and set a $17.00 target price on shares of Ready Capital in a research note on Thursday, August 9th. Finally, JMP Securities raised their target price on shares of Ready Capital from $17.00 to $18.00 and gave the stock a market outperform rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $17.50.
Shares of NYSE RC traded up $0.35 during mid-day trading on Friday, reaching $14.91. 162,608 shares of the company were exchanged, compared to its average volume of 40,523. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $478.86 million, a PE ratio of 10.50 and a beta of 0.65. Ready Capital has a twelve month low of $13.55 and a twelve month high of $17.30.
Ready Capital (NYSE:RC) last posted its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $34.34 million during the quarter, compared to analysts’ expectations of $18.25 million. Ready Capital had a net margin of 31.38% and a return on equity of 10.41%. As a group, analysts predict that Ready Capital will post 1.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.73%. The ex-dividend date was Thursday, September 27th. Ready Capital’s dividend payout ratio (DPR) is 112.68%.
About Ready Capital
Ready Capital Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small 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.
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