Ready Capital Corp (NYSE:RC) – Analysts at B. Riley boosted their Q4 2018 earnings estimates for shares of Ready Capital in a research report issued on Thursday, January 10th. B. Riley analyst T. Hayes now anticipates that the real estate investment trust will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.39. B. Riley also issued estimates for Ready Capital’s Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.47 EPS, FY2019 earnings at $1.78 EPS, Q1 2020 earnings at $0.44 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.46 EPS, Q4 2020 earnings at $0.49 EPS and FY2020 earnings at $1.84 EPS.

Several other equities research analysts also recently issued reports on RC. LADENBURG THALM/SH SH initiated coverage on shares of Ready Capital in a research note on Monday, September 17th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Ready Capital from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 11th. ValuEngine downgraded shares of Ready Capital from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Compass Point upgraded shares of Ready Capital from a “neutral” rating to a “buy” rating in a research note on Friday, November 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.50 target price on shares of Ready Capital in a research note on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.14.

Shares of NYSE:RC opened at $14.55 on Friday. Ready Capital has a 52-week low of $13.44 and a 52-week high of $17.30. The stock has a market capitalization of $465.58 million, a P/E ratio of 10.25 and a beta of 0.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.80 and a quick ratio of 1.80.

Ready Capital (NYSE:RC) last issued its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) 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 business had revenue of $34.34 million during the quarter, compared to the consensus estimate of $18.25 million.

In related news, CEO Thomas E. Capasse acquired 20,000 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was purchased at an average cost of $14.68 per share, for a total transaction of $293,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.51% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, December 28th. This represents a $1.60 annualized dividend and a yield of 11.00%. Ready Capital’s dividend payout ratio (DPR) is presently 112.68%.

About Ready Capital

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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Earnings History and Estimates for Ready Capital (NYSE:RC)

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