Ready Capital Co. Expected to Earn Q1 2025 Earnings of $0.30 Per Share (NYSE:RC)

Ready Capital Co. (NYSE:RC) – Analysts at Wedbush issued their Q1 2025 earnings estimates for Ready Capital in a report released 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 research firms have also recently weighed in on RC. BTIG Research started coverage on shares of Ready Capital in a report on Friday, July 19th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Ready Capital from $8.00 to $7.75 and set an “underperform” rating on the stock in a report on Monday, August 12th. Finally, Piper Sandler dropped their target price on shares of Ready Capital from $9.50 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. 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. Based on data from MarketBeat, Ready Capital currently has an average rating of “Hold” and an average target price of $9.38.

Ready Capital Price Performance

Shares of NYSE RC opened at $7.21 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 4.48 and a beta of 1.41. The firm’s 50 day simple moving average is $7.99 and its 200-day simple moving average is $8.41. Ready Capital has a 12 month low of $7.00 and a 12 month high of $11.67.

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

Ready Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors 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 yield of 13.88%. The ex-dividend date is Monday, September 30th. Ready Capital’s payout ratio is currently 62.11%.

Institutional Investors Weigh In On Ready Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RC. Vanguard Group Inc. lifted its stake in Ready Capital by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 11,163,763 shares of the real estate investment trust’s stock worth $114,429,000 after acquiring an additional 735,949 shares in the last quarter. Van ECK Associates Corp raised its holdings in Ready Capital by 29.4% during the second quarter. Van ECK Associates Corp now owns 1,342,070 shares of the real estate investment trust’s stock worth $10,978,000 after purchasing an additional 304,750 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ready Capital by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,189,988 shares of the real estate investment trust’s stock valued at $9,734,000 after buying an additional 38,371 shares during the period. Clear Harbor Asset Management LLC lifted its stake in shares of Ready Capital by 63.1% in the second quarter. Clear Harbor Asset Management LLC now owns 782,785 shares of the real estate investment trust’s stock valued at $6,403,000 after purchasing an additional 302,930 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Ready Capital by 6.6% during the fourth quarter. Wellington Management Group LLP now owns 428,999 shares of the real estate investment trust’s stock worth $4,397,000 after purchasing an additional 26,515 shares during the last quarter. Institutional investors and hedge funds own 55.87% of the company’s stock.

Ready Capital Company Profile

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.