Ready Capital - RC Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ready Capital in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RC shares.
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4 brokers have issued twelve-month target prices for Ready Capital's stock. Their RC share price forecasts range from $14.00 to $18.00. On average, they predict the company's stock price to reach $16.50 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
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Ready Capital's stock was trading at $15.63 at the start of the year. Since then, RC shares have decreased by 16.9% and is now trading at $12.99.
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Ready Capital saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,910,000 shares, an increase of 31.7% from the July 15th total of 2,210,000 shares. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is presently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RC earnings forecast.

Ready Capital Co. (NYSE:RC) issued its quarterly earnings results on Thursday, February, 24th. The real estate investment trust reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.17. Ready Capital had a net margin of 43.27% and a trailing twelve-month return on equity of 13.54%. During the same period in the previous year, the firm earned $0.51 EPS.

Ready Capital declared a quarterly dividend on Thursday, June 16th. Investors of record on Thursday, June 30th will be given a dividend of $0.42 per share on Friday, July 29th. This represents a $1.68 dividend on an annualized basis and a yield of 12.93%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for RC.

Ready Capital (NYSE:RC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 13.04%. RC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 70.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, RC will have a dividend payout ratio of 93.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RC.

6 employees have rated Ready Capital Chief Executive Officer Randy Fowlie on Glassdoor.com. Randy Fowlie has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ready Capital investors own include New Residential Investment (NRZ), CBL & Associates Properties (CBL), Washington Prime Group (WPG), Golar LNG Partners (GMLP), Pennsylvania Real Estate Investment Trust (PEI), Gran Tierra Energy (GTE), EnLink Midstream (ENLC), DHT (DHT), CNBX Pharmaceuticals (CNBX) and Matinas BioPharma (MTNB).

Ready Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "RC."

Ready Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (2.34%), Soltis Investment Advisors LLC (2.38%), Mission Wealth Management LP (2.12%), Parallel Advisors LLC (1.72%), Northern Trust Corp (1.47%) and Creative Planning (0.93%). Insiders that own company stock include Andrea Petro, Andrew Ahlborn, Gary Taylor, Gilbert E Nathan, Jack J Ross, Thomas Buttacavoli, Thomas E Capasse and Todd M Sinai.
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Shares of RC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RC stock can currently be purchased for approximately $12.99.

Ready Capital (NYSE:RC) has a market capitalization of $1.49 billion and generates $403.50 million in revenue each year. The real estate investment trust earns $157.74 million in net income (profit) each year or $2.39 on an earnings per share basis.

The company employs 630 workers across the globe.

Ready Capital's mailing address is 1251 AVENUE OF THE AMERICAS 50TH FLOOR, NEW YORK NY, 10020. The official website for the company is www.sutherlandam.com. The real estate investment trust can be reached via phone at (212) 257-4600 or via email at investorrelations@readycapital.com.