Separately, Zacks Investment Research downgraded Ready Capital from a buy rating to a hold rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $17.14.
NYSE:RC opened at $14.84 on Friday. The firm has a market cap of $476.81 million, a P/E ratio of 8.43 and a beta of 0.78. Ready Capital has a 1-year low of $13.44 and a 1-year high of $17.30. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.60.
Ready Capital (NYSE:RC) last issued its earnings results on Tuesday, March 12th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). Ready Capital had a net margin of 28.04% and a return on equity of 10.25%. The firm had revenue of $14.96 million during the quarter, compared to analysts’ expectations of $16.78 million. Equities research analysts predict that Ready Capital will post 1.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 10.78%. Ready Capital’s dividend payout ratio (DPR) is currently 90.91%.
Ready Capital Company Profile
Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small balance commercial (SBC) loans, small business administration (SBA) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.
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