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Ready Capital NYSE:RC Stock Report

Last Price

US$8.97

Market Cap

US$1.5b

7D

6.7%

1Y

-22.4%

Updated

15 Jul, 2024

Data

Company Financials +

Ready Capital Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ready Capital
Historical stock prices
Current Share PriceUS$8.97
52 Week HighUS$11.97
52 Week LowUS$7.93
Beta1.49
11 Month Change8.60%
3 Month Change7.68%
1 Year Change-22.40%
33 Year Change-39.27%
5 Year Change-40.20%
Change since IPO-29.48%

Recent News & Updates

Recent updates

Ready Capital: It Isn't Ready Yet

May 20

Ready Capital: Inability To Stabilize Earnings Against Headwinds Makes It A Hold

Apr 09

Ready Capital: Two Dividend Cuts Later And The Broadmark Acquisition Stings

Dec 23

Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark

Sep 03

Ready Capital: Why Decreased Distributable Earnings Are Not Frightening

Jun 28

Ready Capital Q4 2022 Earnings Preview

Feb 24

Ready Capital: The 12.4% Yield Is Still Exciting

Feb 11

Ready Capital decrease quarterly dividend by -4.8% to $0.40 /share

Dec 15

Ready Capital upsizes share buyback by $25M

Sep 29

Ready Capital: Steady Double-Digit Yields With Minimal Risk

Sep 22

Ready Capital declares $0.42 dividend

Sep 15

Ready Capital expects 'healthy deal flow' for its lending programs into 2023

Jul 12

Ready Capital: 13.65% Dividend Yield With Favorable Risk-Reward Profile

Jul 05

Ready Capital: Headwinds From Rising Interest Rates

Apr 04

Trade Orchid Island Capital For Ready Capital To Realize Future Growth And Income

Jan 16

Ready Capital: Strong And Steady Growth With An Eye For M&A

Nov 18

Ready Capital prices $100M public offering

Jun 03

Ready Capital Corporation 2021 Q1 - Results - Earnings Call Presentation

May 07

Shareholder Returns

RCUS Mortgage REITsUS Market
7D6.7%5.7%1.3%
1Y-22.4%-4.7%22.0%

Return vs Industry: RC underperformed the US Mortgage REITs industry which returned -5% over the past year.

Return vs Market: RC underperformed the US Market which returned 22% over the past year.

Price Volatility

Is RC's price volatile compared to industry and market?
RC volatility
RC Average Weekly Movement3.9%
Mortgage REITs Industry Average Movement3.7%
Market Average Movement5.8%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: RC has not had significant price volatility in the past 3 months.

Volatility Over Time: RC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007374Tom Capassewww.readycapital.com

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.

Ready Capital Corporation Fundamentals Summary

How do Ready Capital's earnings and revenue compare to its market cap?
RC fundamental statistics
Market capUS$1.52b
Earnings (TTM)US$220.66m
Revenue (TTM)US$310.50m

6.9x

P/E Ratio

4.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RC income statement (TTM)
RevenueUS$310.50m
Cost of RevenueUS$45.45m
Gross ProfitUS$265.05m
Other ExpensesUS$44.38m
EarningsUS$220.66m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.30
Gross Margin85.36%
Net Profit Margin71.07%
Debt/Equity Ratio357.9%

How did RC perform over the long term?

See historical performance and comparison

Dividends

13.4%

Current Dividend Yield

100%

Payout Ratio
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