B. Riley Forecasts Ready Capital’s FY2025 Earnings (NYSE:RC)

Ready Capital Co. (NYSE:RC) – Stock analysts at B. Riley reduced their FY2025 earnings per share (EPS) estimates for shares of Ready Capital in a research report issued on Monday, March 3rd. B. Riley analyst R. Binner now forecasts that the real estate investment trust will post earnings of $0.75 per share for the year, down from their previous forecast of $1.00. B. Riley currently has a “Neutral” rating and a $10.00 price target 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.

Several other equities research analysts have also recently issued reports on the company. UBS Group cut their target price on Ready Capital from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. Keefe, Bruyette & Woods reduced their target price on shares of Ready Capital from $6.25 to $4.00 and set an “underperform” rating on the stock in a report on Wednesday. Citizens Jmp downgraded shares of Ready Capital from an “outperform” rating to a “market perform” rating in a research note on Monday. Wedbush reiterated a “neutral” rating and issued a $6.00 target price (down from $8.00) on shares of Ready Capital in a report on Tuesday. Finally, JMP Securities lowered their target price on Ready Capital from $10.50 to $9.50 and set a “market outperform” rating for the company in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Ready Capital presently has a consensus rating of “Hold” and an average price target of $7.86.

Ready Capital Stock Up 0.7 %

Shares of NYSE RC opened at $5.00 on Thursday. Ready Capital has a 12-month low of $4.74 and a 12-month high of $9.53. The stock has a market cap of $841.81 million, a PE ratio of -7.14 and a beta of 1.43. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $6.68 and a 200 day moving average of $7.21.

Institutional Investors Weigh In On Ready Capital

A number of institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in shares of Ready Capital by 822.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,177 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 4,616 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Ready Capital by 3,075.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,350 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 6,150 shares in the last quarter. Avion Wealth acquired a new stake in shares of Ready Capital during the 4th quarter valued at about $47,000. KBC Group NV grew its stake in shares of Ready Capital by 64.1% in the 3rd quarter. KBC Group NV now owns 8,318 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 3,248 shares in the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new position in Ready Capital in the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 55.87% of the company’s stock.

Insiders Place Their Bets

In other Ready Capital news, CEO Thomas E. Capasse purchased 10,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $4.80 per share, for a total transaction of $48,000.00. Following the completion of the transaction, the chief executive officer now owns 319,925 shares in the company, valued at $1,535,640. The trade was a 3.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by company insiders.

Ready Capital Cuts Dividend

The company also recently announced 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 of this dividend is Monday, March 31st. Ready Capital’s dividend payout ratio is presently -142.86%.

About Ready Capital

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.