By otakuyassine3@gmail.com 
Ready Capital Co. (NYSE:RC – Free Report) – Equities research analysts at B. Riley cut their FY2025 earnings per share estimates for Ready Capital in a research note issued on Monday, March 3rd. B. Riley analyst R. Binner now anticipates that the real estate investment trust will post earnings per share of $0.75 for the year, down from their previous forecast of $1.00. B. Riley has a “Neutral” rating and a $10.00 price objective on the stock. The consensus estimate for Ready Capital’s current full-year earnings is $0.93 per share. B. Riley also issued estimates for Ready Capital’s FY2026 earnings at $0.80 EPS.
RC has been the topic of several other research reports. Wedbush reiterated a “neutral” rating and set a $6.00 price target (down previously from $8.00) on shares of Ready Capital in a report on Tuesday. UBS Group lowered their target price on shares of Ready Capital from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Citizens Jmp lowered shares of Ready Capital from an “outperform” rating to a “market perform” rating in a research report on Monday. JMP Securities lowered their price target on Ready Capital from $10.50 to $9.50 and set a “market outperform” rating on the stock in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lowered their target price on Ready Capital from $6.25 to $4.00 and set an “underperform” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.86.
Get Our Latest Stock Analysis on Ready Capital
Ready Capital Stock Up 0.7 %
Shares of RC stock opened at $5.00 on Thursday. The stock’s 50 day simple moving average is $6.68 and its 200 day simple moving average is $7.21. Ready Capital has a twelve month low of $4.74 and a twelve month high of $9.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $841.81 million, a price-to-earnings ratio of -7.14 and a beta of 1.43.
Institutional Trading of Ready Capital
Several large investors have recently added to or reduced their stakes in RC. Louisiana State Employees Retirement System raised its holdings in shares of Ready Capital by 4.0% in the third quarter. Louisiana State Employees Retirement System now owns 81,300 shares of the real estate investment trust’s stock valued at $620,000 after buying an additional 3,100 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Ready Capital by 5.2% in the third quarter. State of Alaska Department of Revenue now owns 95,992 shares of the real estate investment trust’s stock worth $732,000 after acquiring an additional 4,775 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Ready Capital by 1.8% during the third quarter. Van ECK Associates Corp now owns 1,366,040 shares of the real estate investment trust’s stock worth $9,508,000 after purchasing an additional 23,970 shares in the last quarter. United Advisor Group LLC bought a new stake in shares of Ready Capital during the third quarter valued at approximately $151,000. Finally, Principal Financial Group Inc. grew its stake in shares of Ready Capital by 3.3% during the third quarter. Principal Financial Group Inc. now owns 792,536 shares of the real estate investment trust’s stock valued at $6,047,000 after purchasing an additional 25,545 shares during the last quarter. 55.87% of the stock is owned by institutional investors.
Insider Activity
In other news, CEO Thomas E. Capasse bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $4.80 per share, for a total transaction of $48,000.00. Following the transaction, the chief executive officer now directly owns 319,925 shares of the company’s stock, valued at $1,535,640. This trade represents a 3.23 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.09% of the company’s stock.
Ready Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date is Monday, March 31st. Ready Capital’s payout ratio is -142.86%.
Ready Capital Company Profile
Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.
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