Brokers Offer Predictions for Ready Capital FY2025 Earnings

Ready Capital Co. (NYSE:RC) – Investment analysts at B. Riley reduced their FY2025 earnings per share (EPS) estimates for Ready Capital in a note issued to investors on Monday, March 3rd. B. Riley analyst R. Binner now forecasts that the real estate investment trust will earn $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 target price 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.

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

Ready Capital Stock Performance

Shares of Ready Capital stock opened at $4.96 on Thursday. The business’s fifty day simple moving average is $6.68 and its 200 day simple moving average is $7.21. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. Ready Capital has a 12 month low of $4.74 and a 12 month high of $9.53. The firm has a market capitalization of $835.07 million, a P/E ratio of -7.08 and a beta of 1.43.

Hedge Funds Weigh In On Ready Capital

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Ready Capital by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 11,366,828 shares of the real estate investment trust’s stock valued at $77,522,000 after purchasing an additional 768,891 shares during the period. Hudson Bay Capital Management LP purchased a new stake in Ready Capital during the 4th quarter valued at $4,393,000. Charles Schwab Investment Management Inc. boosted its position in Ready Capital by 21.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,266,585 shares of the real estate investment trust’s stock valued at $15,458,000 after buying an additional 398,005 shares during the period. Wolverine Asset Management LLC grew its holdings in Ready Capital by 2,902.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 402,291 shares of the real estate investment trust’s stock worth $3,069,000 after acquiring an additional 388,891 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Ready Capital by 3,049.5% in the fourth quarter. Marshall Wace LLP now owns 392,559 shares of the real estate investment trust’s stock valued at $2,677,000 after acquiring an additional 380,095 shares during the period. 55.87% of the stock is owned by hedge funds and other institutional investors.

Ready Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 10.09%. 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.