Shares of Ready Capital Corp (NYSE:RC) have received an average rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.42.

Several equities analysts have weighed in on the stock. Compass Point downgraded shares of Ready Capital from a “buy” rating to a “neutral” rating in a report on Thursday, August 9th. ValuEngine downgraded shares of Ready Capital from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Sandler O’Neill reiterated a “hold” rating and set a $17.00 price target on shares of Ready Capital in a report on Thursday, August 9th. JMP Securities lifted their price target on shares of Ready Capital from $17.00 to $18.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 8th. Finally, Raymond James assumed coverage on shares of Ready Capital in a report on Monday, July 30th. They set an “outperform” rating and a $18.00 price target for the company.

NYSE:RC traded down $0.07 during mid-day trading on Monday, hitting $14.34. 102,000 shares of the company’s stock traded hands, compared to its average volume of 56,968. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.59. Ready Capital has a 1 year low of $13.55 and a 1 year high of $17.30. The company has a market capitalization of $462.06 million, a P/E ratio of 10.10 and a beta of 0.65.

Ready Capital (NYSE:RC) last posted its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.08. Ready Capital had a net margin of 31.38% and a return on equity of 10.37%. The firm had revenue of $34.34 million during the quarter, compared to the consensus estimate of $18.25 million. On average, equities research analysts predict that Ready Capital will post 1.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.16%. Ready Capital’s dividend payout ratio (DPR) is presently 112.68%.

Ready Capital Company Profile

Ready Capital Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small 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.

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Analyst Recommendations for Ready Capital (NYSE:RC)

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