Ready Capital Corp (RC) Given Average Rating of “Hold” by Brokerages

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Ready Capital Corp (NYSE:RC) has received an average rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.30.

Several equities analysts have weighed in on the stock. JMP Securities raised their target price on shares of Ready Capital from $17.00 to $18.00 and gave the company a “market outperform” rating in a report on Wednesday, August 8th. Sandler O’Neill restated a “hold” rating and set a $17.00 target price on shares of Ready Capital in a report on Thursday, August 9th. Zacks Investment Research downgraded shares of Ready Capital from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 11th. Raymond James assumed coverage on shares of Ready Capital in a report on Monday, July 30th. They set an “outperform” rating and a $18.00 target price for the company. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Ready Capital in a report on Monday, September 17th. They set a “neutral” rating for the company.

Shares of NYSE RC traded down $0.15 during midday trading on Thursday, hitting $15.42. The company had a trading volume of 28,300 shares, compared to its average volume of 55,207. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.60. Ready Capital has a twelve month low of $13.55 and a twelve month high of $17.30. The stock has a market capitalization of $493.28 million, a price-to-earnings ratio of 10.74 and a beta of 0.56.

Ready Capital (NYSE:RC) last announced its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. Ready Capital had a net margin of 33.24% and a return on equity of 9.68%. The firm had revenue of $35.17 million during the quarter, compared to analysts’ expectations of $16.97 million. Equities research analysts expect that Ready Capital will post 1.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.60 annualized dividend and a yield of 10.38%. Ready Capital’s dividend payout ratio (DPR) is currently 112.68%.

Ready Capital Company Profile

Ready Capital Corp., a real estate investment trust, acquires, originates, manages and finances commercial mortgage real estate loans or SBC loans and real estate-related securities in the US. Its SBC loans in the range of $500,000 to $10 million.

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Analyst Recommendations for Ready Capital (NYSE:RC)

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