Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in Ready Capital Corp $RC

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ready Capital Corp (NYSE:RC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,460 shares of the real estate investment trust’s stock, valued at approximately $133,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ready Capital by 6.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,288 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 2,606 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Ready Capital by 18.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 23,270 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 3,605 shares in the last quarter. US Bancorp DE lifted its position in shares of Ready Capital by 404.7% during the 1st quarter. US Bancorp DE now owns 6,021 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 4,828 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ready Capital during the 1st quarter valued at $32,000. Finally, Bogart Wealth LLC bought a new position in Ready Capital during the second quarter worth $31,000. 55.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on RC. Keefe, Bruyette & Woods decreased their price target on shares of Ready Capital from $3.50 to $2.50 and set an “underperform” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Ready Capital in a research report on Wednesday, October 8th. Wall Street Zen lowered Ready Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. B. Riley dropped their price target on Ready Capital from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, August 11th. Finally, Zacks Research upgraded Ready Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Ready Capital currently has an average rating of “Reduce” and an average target price of $4.95.

Ready Capital Stock Performance

NYSE:RC opened at $2.54 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.56 and a quick ratio of 1.56. Ready Capital Corp has a one year low of $2.32 and a one year high of $7.64. The company has a market cap of $411.81 million, a PE ratio of -1.33 and a beta of 1.45. The firm has a 50-day moving average of $3.17 and a 200-day moving average of $3.90.

Ready Capital (NYSE:RC) last announced its quarterly earnings results on Tuesday, September 9th. The real estate investment trust reported ($0.10) earnings per share for the quarter. The business had revenue of ($9.77) million during the quarter. Ready Capital had a negative net margin of 47.30% and a negative return on equity of 7.02%. As a group, equities research analysts expect that Ready Capital Corp will post 0.93 EPS for the current fiscal year.

Ready Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.50 annualized dividend and a dividend yield of 19.7%. Ready Capital’s payout ratio is presently -26.18%.

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.