Wedbush Issues Negative Outlook for Ready Capital Earnings

Ready Capital Co. (NYSE:RC) – Wedbush decreased their Q1 2025 earnings estimates for Ready Capital in a report issued on Tuesday, March 4th. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.25. Wedbush currently has a “Neutral” rating and a $6.00 price target on the stock. The consensus estimate for Ready Capital’s current full-year earnings is $0.93 per share. Wedbush also issued estimates for Ready Capital’s Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.59 EPS and FY2026 earnings at $0.76 EPS.

Other analysts also recently issued research reports about the stock. JMP Securities decreased their price objective on shares of Ready Capital from $10.50 to $9.50 and set a “market outperform” rating for the company in a report on Thursday, December 12th. Citizens Jmp downgraded shares of Ready Capital from an “outperform” rating to a “market perform” rating in a report on Monday. UBS Group decreased their price objective on shares of Ready Capital from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Keefe, Bruyette & Woods decreased their price objective on shares of Ready Capital from $6.25 to $4.00 and set an “underperform” rating for the company in a report on Wednesday. Finally, B. Riley restated a “neutral” rating and set a $10.00 price objective (down previously from $12.00) on shares of Ready Capital in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Ready Capital currently has an average rating of “Hold” and an average price target of $7.86.

Ready Capital Stock Performance

NYSE RC opened at $5.00 on Thursday. Ready Capital has a 52-week low of $4.74 and a 52-week high of $9.53. The company has a 50-day simple moving average of $6.68 and a 200 day simple moving average of $7.21. 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 PE ratio of -7.14 and a beta of 1.43.

Hedge Funds Weigh In On Ready Capital

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of Ready Capital by 822.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,177 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 4,616 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Ready Capital by 3,075.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,350 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 6,150 shares during the period. Avion Wealth bought a new position in shares of Ready Capital in the fourth quarter valued at approximately $47,000. KBC Group NV boosted its position in shares of Ready Capital by 64.1% in the third quarter. KBC Group NV now owns 8,318 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 3,248 shares during the period. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Ready Capital in the fourth quarter valued at approximately $68,000. 55.87% of the stock is currently owned by institutional investors.

Insider Transactions at Ready Capital

In other news, CEO Thomas E. Capasse acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was bought 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 of the company’s stock, 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 this link. Corporate insiders own 1.09% of the company’s stock.

Ready Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.125 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 10.01%. Ready Capital’s payout ratio is -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.