RC

Ready Capital
RC

$7.97

4.55%

Market Cap: $1.34B

About: Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of LMM Commercial Real Estate and Small Business Lending. It generates the majority of its revenue from LMM Commercial Real Estate.

Employees: 374

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 32

0% more funds holding

Funds holding: 266 [Q1] → 267 (+1) [Q2]

0.24% more ownership

Funds ownership: 55.14% [Q1] → 55.38% (+0.24%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

2% less repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 91

12% less capital invested

Capital invested by funds: $870M [Q1] → $763M (-$107M) [Q2]

34% less call options, than puts

Call options by funds: $3.48M | Put options by funds: $5.3M

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$7.75

3%

downside

Avg. target

$8.25

4%

upside

High target

$9

13%

upside

3 analyst ratings

0 positive

0%

2 neutral

67%

1 negative

33%

Piper Sandler Crispin Love 0 / 0 met price target	0%upside $8	Neutral Maintained	16 Sept 2024
Keefe, Bruyette & Woods Jade Rahmani 100% 1-year accuracy 1 / 1 met price target	3%downside $7.75	Underperform Maintained	12 Aug 2024
Wedbush Jay McCanless 0 / 0 met price target	13%upside $9	Neutral Reiterated	12 Aug 2024

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Financial journalist opinion

Based on 4 articles about RC published over the past 30 days

The High Yield Desert

I frequently discuss high-yield sectors like mortgage REITs, BDCs, and preferred shares, emphasizing the importance of knowing when not to buy. Preferred shares have rallied above targets, reducing buying opportunities, while common shares offer higher risks. Some offer upside, but others mostly offer downside. I'll kick off the weekend by highlighting one with a high valuation, as investors pay top dollar for earnings that are about to melt away.

The High Yield Desert

Ready Capital Corporation Declares Third Quarter 2024 Dividends

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2024. This dividend is payable on October 31, 2024, to shareholders of record as of the close of business on September 30, 2024.

Ready Capital Corporation Declares Third Quarter 2024 Dividends

5 Small Caps Yielding 9%-15%: Hidden Values Or Overlooked Trash?

The index huggers are, rightfully, fretting about the only position they own, the S&P 500, which is heavy on Nvidia (NVDA). The soon-to-be-fallen angel is the third largest component of the index at 6.3%.

5 Small Caps Yielding 9%-15%: Hidden Values Or Overlooked Trash?

Wall Street's Most Accurate Analysts Spotlight On 3 Financials Stocks With Over 12% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Spotlight On 3 Financials Stocks With Over 12% Dividend Yields

10% Or Higher Dividend Yields

BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred share and baby bond combinations appear to be slightly mispriced.

10% Or Higher Dividend Yields

Waterfall Asset Management Expands Partnership with Onity Through Transfer of Reverse Mortgage Assets

NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser with a focus on specialized asset oriented markets, announced today that it has entered into a letter of intent with Onity Group Inc. (NYSE: ONIT)("Onity"), a leading non-bank mortgage servicer and originator that Waterfall has long partnered with on reverse mortgage servicing, under which Onity will acquire reverse mortgage assets from Mortgage Assets Management, LLC ("MAM"), a subsidiary of investment funds managed by Waterfall. "This transaction is an exciting development for Waterfall, showcasing our commitment to growing our reverse mortgage initiatives through partnerships with top firms like Onity," said Leo Wong, Partner at Waterfall.

Waterfall Asset Management Expands Partnership with Onity Through Transfer of Reverse Mortgage Assets

Ready Capital: Light At The End Of The Tunnel As Cleanup Efforts Show

Ready Capital Corporation reported terrible Q2 2024 numbers. The distributable earnings were down to just 7 cents. But the stock did not react negatively, and we go over why we think that is.

Ready Capital: Light At The End Of The Tunnel As Cleanup Efforts Show

Ready Capital Corporation (RC) Q2 2024 Earnings Call Transcript

Ready Capital Corporation (NYSE:RC ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Andrew Ahlborn - Chief Financial Office Tom Capasse - Chief Executive Officer Adam Zausmer - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler Douglas Harter - UBS Stephen Laws - Raymond James Jason Sabshon - KBW Christopher Nolan - Landenburg Thalmann Operator Greetings, and welcome to Ready Capital's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Ready Capital Corporation (RC) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Ready Capital (RC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Ready Capital (RC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ready Capital (RC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Ready Capital (RC) Misses Q2 Earnings and Revenue Estimates

Ready Capital (RC) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.35 per share a year ago.

Ready Capital (RC) Misses Q2 Earnings and Revenue Estimates

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