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RC

Ready Capital NYSE:RC Stock Report

Last Price

US$10.14

Market Cap

US$1.2b

7D

-12.4%

1Y

-31.3%

Updated

30 Sep, 2022

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$10.14
52 Week HighUS$16.56
52 Week LowUS$9.69
Beta1.18
1 Month Change-22.60%
3 Month Change-17.63%
1 Year Change-31.25%
3 Year Change-35.37%
5 Year Change-36.23%
Change since IPO-20.28%

Recent News & Updates

Sep 29

Ready Capital upsizes share buyback by $25M

Ready Capital (NYSE:RC) authorized an increase in the size of the company's existing stock repurchase program by an additional $25M, bringing the total amount authorized under the program to $50M. Company has a market cap of $1.25B

Sep 22

Ready Capital: Steady Double-Digit Yields With Minimal Risk

Summary Barring a few quarters during the pandemic, RC’s market price remained flat, and the dividend also remained pretty stable for a long period of time. RC generated an average yield in excess of 10 percent and is expected to continue the same way, as earnings are expected to grow at a steady rate. RC’s strategic merger with Mosaic Real Estate has started paying dividends and will be beneficial for the company in the coming years.

Sep 15

Ready Capital declares $0.42 dividend

Ready Capital (NYSE:RC) declares $0.42/share quarterly dividend, in line with previous. Forward yield 12.67% Payable Oct. 31; for shareholders of record Sept. 30; ex-div Sept. 29. See RC Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

RCUS Mortgage REITsUS Market
7D-12.4%-18.0%-3.1%
1Y-31.3%-41.0%-21.5%

Return vs Industry: RC exceeded the US Mortgage REITs industry which returned -41% over the past year.

Return vs Market: RC underperformed the US Market which returned -21.5% over the past year.

Price Volatility

Is RC's price volatile compared to industry and market?
RC volatility
RC Average Weekly Movement5.4%
Mortgage REITs Industry Average Movement4.8%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: RC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: RC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007630Tom Capassehttps://www.readycapital.com

Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking.

Ready Capital Corporation Fundamentals Summary

How do Ready Capital's earnings and revenue compare to its market cap?
RC fundamental statistics
Market CapUS$1.18b
Earnings (TTM)US$201.43m
Revenue (TTM)US$564.67m

5.8x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RC income statement (TTM)
RevenueUS$564.67m
Cost of RevenueUS$70.92m
Gross ProfitUS$493.75m
Other ExpensesUS$292.32m
EarningsUS$201.43m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.76
Gross Margin87.44%
Net Profit Margin35.67%
Debt/Equity Ratio488.3%

How did RC perform over the long term?

See historical performance and comparison

Dividends

16.6%

Current Dividend Yield

73%

Payout Ratio