Ready Capital Co. (NYSE:RC) to Post Q1 2025 Earnings of $0.30 Per Share, Wedbush Forecasts

Ready Capital Co. (NYSE:RC) – Research analysts at Wedbush issued their Q1 2025 EPS estimates for Ready Capital in a report issued on Thursday, October 10th. Wedbush analyst J. Mccanless anticipates that the real estate investment trust will earn $0.30 per share for the quarter. Wedbush currently has a “Neutral” rating and a $9.00 target price on the stock. The consensus estimate for Ready Capital’s current full-year earnings is $0.98 per share. Wedbush also issued estimates for Ready Capital’s Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.30 EPS and FY2026 earnings at $1.25 EPS.

A number of other brokerages have also issued reports on RC. Keefe, Bruyette & Woods dropped their price objective on shares of Ready Capital from $8.00 to $7.75 and set an “underperform” rating for the company in a report on Monday, August 12th. Piper Sandler dropped their price objective on shares of Ready Capital from $9.50 to $8.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, BTIG Research started coverage on shares of Ready Capital in a report on Friday, July 19th. They issued a “neutral” rating for the company. One 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.38.

Ready Capital Stock Up 1.1 %

Shares of NYSE RC opened at $7.20 on Monday. The company has a 50 day simple moving average of $8.02 and a 200 day simple moving average of $8.43. The firm has a market cap of $1.21 billion, a PE ratio of 4.47 and a beta of 1.41. Ready Capital has a 1 year low of $7.00 and a 1 year high of $11.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.69.

Ready Capital (NYSE:RC) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). The company had revenue of $234.12 million during the quarter, compared to the consensus estimate of $61.77 million. Ready Capital had a positive return on equity of 7.32% and a negative net margin of 5.67%. During the same period last year, the company posted $0.35 EPS.

Ready Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 13.90%. The ex-dividend date is Monday, September 30th. Ready Capital’s dividend payout ratio (DPR) is 62.11%.

Institutional Trading of Ready Capital

Several hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB grew its position in Ready Capital by 25.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 47,430 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 9,600 shares during the period. Sanctuary Advisors LLC acquired a new stake in Ready Capital in the 2nd quarter valued at $126,000. Algert Global LLC acquired a new stake in Ready Capital in the 2nd quarter valued at $135,000. AQR Capital Management LLC acquired a new stake in Ready Capital in the 2nd quarter valued at $146,000. Finally, Marshall Wace LLP acquired a new stake in Ready Capital in the 2nd quarter valued at $514,000. Institutional investors and hedge funds own 55.87% of the company’s stock.

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.