Ready Capital Corporation, together with its subsidiaries, operates as a real estate finance company in the United States. More Details
Acceptable track record second-rate dividend payer.
Share Price & News
How has Ready Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: RC's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: RC exceeded the US Mortgage REITs industry which returned 35.7% over the past year.
Return vs Market: RC exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Ready Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Kind Of Investors Own Most Of Ready Capital Corporation (NYSE:RC)?
3 months ago | Simply Wall StReady Capital (NYSE:RC) Has Gifted Shareholders With A Fantastic 135% Total Return On Their Investment
6 months ago | Simply Wall StHave Insiders Been Buying Ready Capital Corporation (NYSE:RC) Shares?
Is Ready Capital undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RC ($15.12) is trading above our estimate of fair value ($10.1)
Significantly Below Fair Value: RC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RC is good value based on its PE Ratio (6.8x) compared to the US Mortgage REITs industry average (7.6x).
PE vs Market: RC is good value based on its PE Ratio (6.8x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: RC is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: RC's PB Ratio (1x) is in line with the US Mortgage REITs industry average.
How is Ready Capital forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RC's forecast earnings growth (1.9% per year) is below the savings rate (2%).
Earnings vs Market: RC's earnings (1.9% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: RC's earnings are forecast to grow, but not significantly.
Revenue vs Market: RC's revenue is expected to decline over the next 3 years (-7% per year).
High Growth Revenue: RC's revenue is forecast to decline over the next 3 years (-7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RC's Return on Equity is forecast to be low in 3 years time (11.6%).
How has Ready Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RC has high quality earnings.
Growing Profit Margin: RC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RC's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: RC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (49.5%).
Return on Equity
High ROE: RC's Return on Equity (10.6%) is considered low.
How is Ready Capital's financial position?
Financial Position Analysis
Short Term Liabilities: RC's short term assets ($7.7B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: RC's short term assets ($7.7B) exceed its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: RC's debt to equity ratio (555.5%) is considered high.
Reducing Debt: RC's debt to equity ratio has increased from 345.5% to 555.5% over the past 5 years.
Debt Coverage: RC's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: Insufficient data to determine if RC's interest payments on its debt are well covered by EBIT.
What is Ready Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RC's dividend (8.6%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: RC's dividend (8.6%) is in the top 25% of dividend payers in the US market (3.54%)
Stability and Growth of Payments
Stable Dividend: RC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RC has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.7%), RC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RC's dividends in 3 years are not forecast to be well covered by earnings (94.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Capasse (64 yo)
Mr. Thomas Edward Capasse, also known as Tom, is a Manager and Co-Founder of Waterfall Asset Management, LLC (“Manager”). Mr. Capasse also serves as Chairman of Board of Directors and Chief Executive Offic...
Experienced Management: RC's management team is considered experienced (3.5 years average tenure).
Experienced Board: RC's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.2%.
Ready Capital Corporation's company bio, employee growth, exchange listings and data sources
- Name: Ready Capital Corporation
- Ticker: RC
- Exchange: NYSE
- Founded: 2007
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$1.095b
- Market Cap: US$1.077b
- Shares outstanding: 72.40m
- Website: https://www.readycapital.com
Number of Employees
- Ready Capital Corporation
- 1251 Avenue of the Americas
- 50Th Floor
- New York
- New York
- United States
Ready Capital Corporation, together with its subsidiaries, operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small balance commercial ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 05:16|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.