RC Stock Overview
Operates as a real estate finance company in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
Ready Capital Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.20 |
| 52 Week High | US$11.67 |
| 52 Week Low | US$6.65 |
| Beta | 1.48 |
| 11 Month Change | 2.56% |
| 3 Month Change | -14.29% |
| 1 Year Change | -28.50% |
| 33 Year Change | -54.57% |
| 5 Year Change | -54.08% |
| Change since IPO | -43.39% |
Recent News & Updates
Recent updates
Ready Capital: When Is The Final Dividend Cut?
Oct 16Ready Capital: It Isn't Ready Yet
May 20Ready Capital: Inability To Stabilize Earnings Against Headwinds Makes It A Hold
Apr 09Ready Capital: Two Dividend Cuts Later And The Broadmark Acquisition Stings
Dec 23Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark
Sep 03Ready Capital: Why Decreased Distributable Earnings Are Not Frightening
Jun 28Ready Capital Q4 2022 Earnings Preview
Feb 24Ready Capital: The 12.4% Yield Is Still Exciting
Feb 11Ready Capital decrease quarterly dividend by -4.8% to $0.40 /share
Dec 15Ready Capital upsizes share buyback by $25M
Sep 29Ready Capital: Steady Double-Digit Yields With Minimal Risk
Sep 22Ready Capital declares $0.42 dividend
Sep 15Ready Capital expects 'healthy deal flow' for its lending programs into 2023
Jul 12Ready Capital: 13.65% Dividend Yield With Favorable Risk-Reward Profile
Jul 05Ready Capital: Headwinds From Rising Interest Rates
Apr 04Trade Orchid Island Capital For Ready Capital To Realize Future Growth And Income
Jan 16Ready Capital: Strong And Steady Growth With An Eye For M&A
Nov 18Ready Capital prices $100M public offering
Jun 03Ready Capital Corporation 2021 Q1 - Results - Earnings Call Presentation
May 07Shareholder Returns
| RC | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | 1.3% | -0.4% | -1.0% |
| 1Y | -28.5% | -0.4% | 30.3% |
Return vs Industry: RC underperformed the US Mortgage REITs industry which returned 0.8% over the past year.
Return vs Market: RC underperformed the US Market which returned 30.4% over the past year.
Price Volatility
| RC volatility | |
|---|---|
| RC Average Weekly Movement | 3.8% |
| Mortgage REITs Industry Average Movement | 3.4% |
| Market Average Movement | 6.2% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: RC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 374 | Tom Capasse | www.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
| RC fundamental statistics | |
|---|---|
| Market cap | US$1.23b |
| Earnings (TTM) | -US$103.97m |
| Revenue (TTM) | US$140.36m |
8.6x
P/S Ratio-11.7x
P/E RatioIs RC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RC income statement (TTM) | |
|---|---|
| Revenue | US$140.36m |
| Cost of Revenue | US$43.13m |
| Gross Profit | US$97.23m |
| Other Expenses | US$201.20m |
| Earnings | -US$103.97m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.62 |
| Gross Margin | 69.27% |
| Net Profit Margin | -74.07% |
| Debt/Equity Ratio | 352.1% |
How did RC perform over the long term?
See historical performance and comparison