Wedbush Issues Negative Outlook for Ready Capital Earnings

Ready Capital Co. (NYSE:RC) – Analysts at Wedbush lowered their Q1 2025 earnings estimates for Ready Capital in a research note issued on Tuesday, March 4th. Wedbush analyst J. Mccanless now forecasts that the real estate investment trust will post earnings of $0.12 per share for the quarter, down from their previous forecast of $0.25. Wedbush has a “Neutral” rating and a $6.00 price objective on the stock. The consensus estimate for Ready Capital’s current full-year earnings is $0.93 per share. Wedbush also issued estimates for Ready Capital’s Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.59 EPS and FY2026 earnings at $0.76 EPS.

Other equities research analysts have also issued reports about the stock. B. Riley reiterated a “neutral” rating and set a $10.00 target price (down from $12.00) on shares of Ready Capital in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Ready Capital from $6.25 to $4.00 and set an “underperform” rating for the company in a report on Wednesday. JMP Securities lowered their price objective on shares of Ready Capital from $10.50 to $9.50 and set a “market outperform” rating for the company in a report on Thursday, December 12th. Citizens Jmp lowered shares of Ready Capital from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, UBS Group lowered their price objective on shares of Ready Capital from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.86.

Ready Capital Trading Up 0.7 %

Shares of Ready Capital stock opened at $5.00 on Thursday. Ready Capital has a 1 year low of $4.74 and a 1 year high of $9.53. The firm has a market cap of $841.81 million, a PE ratio of -7.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.67. The company has a 50 day simple moving average of $6.68 and a two-hundred day simple moving average of $7.21.

Ready Capital Cuts Dividend

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

Insider Buying and Selling

In other news, CEO Thomas E. Capasse bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $4.80 per share, with a total value of $48,000.00. Following the completion of the purchase, 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 filing with the SEC, which is available at this link. 1.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RC. Sterling Capital Management LLC increased its position in Ready Capital by 822.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,177 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 4,616 shares during the period. Steward Partners Investment Advisory LLC increased its position in Ready Capital by 3,075.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,350 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 6,150 shares during the period. Avion Wealth purchased a new position in Ready Capital during the 4th quarter valued at $47,000. KBC Group NV increased its position in Ready Capital by 64.1% during the 3rd quarter. KBC Group NV now owns 8,318 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 3,248 shares during the period. Finally, Ausdal Financial Partners Inc. purchased a new position in Ready Capital during the 4th quarter valued at $68,000. 55.87% of the stock is owned by hedge funds and other institutional investors.

About Ready Capital

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.