Ready Capital (RC) Raised to Buy at Compass Point

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Compass Point upgraded shares of Ready Capital (NYSE:RC) from a neutral rating to a buy rating in a research report released on Friday, The Fly reports.

A number of other equities research analysts have also recently commented on the company. ValuEngine cut Ready Capital from a hold rating to a sell rating in a research note on Thursday. Zacks Investment Research cut Ready Capital from a strong-buy rating to a hold rating in a research note on Thursday, October 11th. LADENBURG THALM/SH SH began coverage on Ready Capital in a research note on Monday, September 17th. They issued a neutral rating for the company. Sandler O’Neill reiterated a hold rating and issued a $17.00 price target on shares of Ready Capital in a research note on Thursday, August 9th. Finally, JMP Securities increased their price target on Ready Capital from $17.00 to $18.00 and gave the company a market outperform rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Ready Capital presently has an average rating of Hold and a consensus target price of $17.50.

Shares of NYSE RC traded up $0.35 during mid-day trading on Friday, reaching $14.91. 162,608 shares of the company were exchanged, compared to its average volume of 40,523. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $478.86 million, a P/E ratio of 10.50 and a beta of 0.65. Ready Capital has a 1 year low of $13.55 and a 1 year high of $17.30.

Ready Capital (NYSE:RC) last released its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. Ready Capital had a return on equity of 10.41% and a net margin of 31.38%. The company had revenue of $34.34 million during the quarter, compared to analysts’ expectations of $18.25 million. As a group, equities research analysts anticipate that Ready Capital will post 1.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 10.73%. The ex-dividend date of this dividend was Thursday, September 27th. 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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Analyst Recommendations for Ready Capital (NYSE:RC)

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