Ready Capital Corp (NYSE:RC – Get Free Report) has received a consensus rating of “Reduce” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $2.1667.
Several equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Ready Capital in a research note on Friday, August 28th. Zacks Research upgraded shares of Ready Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, UBS Group cut their price objective on shares of Ready Capital from $2.50 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th.
Read Our Latest Research Report on RC
Institutional Investors Weigh In On Ready Capital
Ready Capital Stock Performance
Shares of RC stock opened at $1.67 on Monday. The stock has a market capitalization of $275.04 million, a PE ratio of -0.48 and a beta of 1.48. Ready Capital has a 52-week low of $1.39 and a 52-week high of $4.41. The stock’s 50-day moving average price is $1.67 and its 200 day moving average price is $1.72. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.97.
Ready Capital (NYSE:RC – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.01. Ready Capital had a negative return on equity of 16.78% and a negative net margin of 131.76%.The company had revenue of $151.87 million during the quarter, compared to analysts’ expectations of $16.41 million. As a group, equities research analysts forecast that Ready Capital will post -0.99 EPS for the current year.
Ready Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 30th. Ready Capital’s payout ratio is -1.15%.
About Ready Capital
Ready Capital Corporation is a real estate finance company organized as a real estate investment trust (REIT). The company originates, acquires, finances and services loans secured by commercial real estate, with a focus on small- to medium-sized properties and borrowers that may require flexible financing solutions.
Ready Capital provides financing for multifamily, commercial and residential investment properties, including bridge, construction and other structured commercial real estate loans.
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