Ready Capital (NYSE:RC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Ready Capital Corporation is a publicly-traded mortgage REIT and is externally managed by Waterfall Asset Management LLC. The company provides non-bank real estate and small business. It lends primarily to multifamily and commercial real estate, delivering value-add bridge loans and fixed rate financings for stabilized assets. The company approved Freddie Mac Small Balance Loan lender and provides residential mortgage lending through its wholly-owned subsidiary GMFS Inc. Ready Capital Corporation, formerly known as Sutherland Asset Management Corporation, is based in New York, United States. “

A number of other equities analysts have also commented on RC. Raymond James assumed coverage on shares of Ready Capital in a research report on Monday, July 30th. They issued an “outperform” rating and a $18.00 price objective for the company. JMP Securities raised their price objective on shares of Ready Capital from $17.00 to $18.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 8th. Sandler O’Neill restated a “hold” rating and issued a $17.00 price objective on shares of Ready Capital in a research report on Thursday, August 9th. LADENBURG THALM/SH SH assumed coverage on shares of Ready Capital in a research report on Monday, September 17th. They issued a “neutral” rating for the company. Finally, Compass Point lowered shares of Ready Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, August 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.58.

RC stock opened at $15.35 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.95 and a quick ratio of 1.95. Ready Capital has a 12 month low of $13.55 and a 12 month high of $17.30. The company has a market capitalization of $533.67 million, a PE ratio of 10.73 and a beta of 0.56.

Ready Capital (NYSE:RC) last released its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Ready Capital had a net margin of 33.24% and a return on equity of 9.68%. The company had revenue of $35.17 million during the quarter, compared to analyst estimates of $16.97 million. Equities research analysts predict that Ready Capital will post 1.76 EPS for the current year.

About Ready Capital

Ready Capital Corp., a real estate investment trust, acquires, originates, manages and finances commercial mortgage real estate loans or SBC loans and real estate-related securities in the US. Its SBC loans in the range of $500,000 to $10 million.

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