B. Riley Brokers Lower Earnings Estimates for Ready Capital

Ready Capital Co. (NYSE:RC) – Equities research analysts at B. Riley dropped their Q1 2025 EPS estimates for shares of Ready Capital in a report issued on Monday, March 3rd. B. Riley analyst R. Binner now forecasts that the real estate investment trust will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.22. B. Riley currently has a “Neutral” rating and a $10.00 target price on the stock. The consensus estimate for Ready Capital’s current full-year earnings is $0.93 per share. B. Riley also issued estimates for Ready Capital’s Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.19 EPS and Q4 2025 earnings at $0.23 EPS.

A number of other research firms have also recently issued reports on RC. Keefe, Bruyette & Woods cut their target price on shares of Ready Capital from $6.25 to $4.00 and set an “underperform” rating for the company in a research note on Wednesday. Citizens Jmp cut shares of Ready Capital from an “outperform” rating to a “market perform” rating in a research note on Monday. JMP Securities cut their target price on shares of Ready Capital from $10.50 to $9.50 and set a “market outperform” rating for the company in a research note on Thursday, December 12th. UBS Group cut their target price on shares of Ready Capital from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, Wedbush restated a “neutral” rating and set a $6.00 target price (down previously from $8.00) on shares of Ready Capital in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Ready Capital currently has an average rating of “Hold” and an average price target of $7.86.

Ready Capital Stock Performance

NYSE RC opened at $5.00 on Wednesday. The firm has a 50-day moving average of $6.68 and a 200-day moving average of $7.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $841.81 million, a PE ratio of -7.14 and a beta of 1.43. Ready Capital has a 52-week low of $4.74 and a 52-week high of $9.53.

Ready Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend is Monday, March 31st. Ready Capital’s dividend payout ratio (DPR) is -142.86%.

Insiders Place Their Bets

In other news, CEO Thomas E. Capasse bought 10,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $4.80 per share, with a total value of $48,000.00. Following the acquisition, the chief executive officer now directly owns 319,925 shares in the company, valued at $1,535,640. This represents a 3.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On Ready Capital

Several hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its holdings in Ready Capital by 110.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 22,893 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 12,000 shares during the period. AlphaCore Capital LLC increased its holdings in Ready Capital by 25.4% in the 4th quarter. AlphaCore Capital LLC now owns 23,024 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 4,660 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ready Capital by 19.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 432,540 shares of the real estate investment trust’s stock valued at $2,950,000 after buying an additional 70,314 shares during the period. Squarepoint Ops LLC increased its holdings in Ready Capital by 11.7% in the 4th quarter. Squarepoint Ops LLC now owns 42,964 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 4,486 shares during the period. Finally, State of Wyoming bought a new position in Ready Capital in the 4th quarter valued at about $1,094,000. 55.87% of the stock is owned by institutional investors.

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.