RC - Ready Capital Corp Stock Price, Fair Value and News

8.70USD+0.04 (+0.46%)Market Closed

Market Summary

USD8.70+0.04

Market Closed

0.46%

RC Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

RC Stock Price

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RC RSI Chart

RC Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

6.19

Price/Sales (Trailing)

1.55

EV/EBITDA

2.83

Price/Free Cashflow

21.61

RC Price/Sales (Trailing)

RC Profitability

EBT Margin

22.76%

Return on Equity

9.49%

Return on Assets

1.97%

Free Cashflow Yield

4.63%

RC Fundamentals

RC Revenue

Revenue (TTM)

945.8M

Rev. Growth (Yr)

22.93%

Rev. Growth (Qtr)

-2.32%

RC Earnings

Earnings (TTM)

237.3M

Earnings Growth (Yr)

-300.57%

Earnings Growth (Qtr)

-781.62%

Breaking Down RC Revenue

Last 7 days

3.9%

Last 30 days

2.7%

Last 90 days

-5.4%

Trailing 12 Months

-19.6%

How does RC drawdown profile look like?

RC Financial Health

Debt/Equity

0.05

Debt/Cashflow

0.59

RC Investor Care

Dividend Yield

16.78%

Dividend/Share (TTM)

1.46

Shares Dilution (1Y)

52.49%

Diluted EPS (TTM)

1.49

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	0	0	0	0
2023	756.4M	835.6M	900.2M	945.8M
2022	446.2M	496.9M	577.7M	663.2M
2021	286.0M	325.8M	369.9M	395.2M
2020	140.9M	171.1M	192.2M	235.1M
2019	164.2M	155.3M	151.0M	174.6M
2018	147.2M	155.8M	165.0M	150.7M
2017	133.0M	131.8M	134.9M	138.3M
2016	102.7M	125.1M	117.4M	137.0M
2015	49.6M	39.0M	67.6M	76.0M
2014	0	0	0	47.9M
2013	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Ready Capital Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	nathan gilbert e	bought	63,832	9.1189	7,000	-
Mar 22, 2024	nathan gilbert e	bought	19,628	9.1297	2,150	-
Mar 14, 2024	nathan gilbert e	bought	172,950	8.6475	20,000	-
Mar 05, 2024	luebbers kevin m	bought	42,148	8.4297	5,000	-
Feb 22, 2024	hirsch daniel j.	acquired	-	-	12,693	-
Feb 22, 2024	petro andrea	acquired	-	-	12,693	-
Feb 22, 2024	filipps frank p	acquired	-	-	12,693	-
Feb 22, 2024	ahlborn andrew	acquired	-	-	44,150	chief financial officer
Feb 22, 2024	zausmer adam	acquired	-	-	44,150	chief credit officer
Feb 22, 2024	mielle dominique	acquired	-	-	12,693	-

Which funds bought or sold RC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 17, 2024	Aspect Partners, LLC	unchanged	-	-2,245	18,304	0.01%
May 16, 2024	B. Riley Wealth Advisors, Inc.	added	12.64	14,309	135,794	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	-544	4,437	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.14	-273,474	1,490,000	-%
May 16, 2024	Colony Group, LLC	reduced	-0.39	-277,000	2,179,000	0.02%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-48.27	-437,359	373,764	-%
May 16, 2024	COMERICA BANK	reduced	-8.98	-145,899	625,085	-%
May 15, 2024	Nebula Research & Development LLC	new	-	590,008	590,008	0.13%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	sold off	-100	-496,244	-	-%
May 15, 2024	Corton Capital Inc.	reduced	-42.55	-138,585	145,258	0.05%

Are Funds Buying or Selling RC?

Are funds buying RC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RC

No. of Funds

Unveiling Ready Capital Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 17, 2024	sutherland reit holdings, lp	4.1%	7,034,717	SC 13D/A
Feb 13, 2024	vanguard group inc	6.49%	11,163,763	SC 13G/A
Jan 22, 2024	blackrock inc.	16.1%	27,656,289	SC 13G/A
Feb 28, 2023	sutherland reit holdings, lp	10.3%	11,431,049	SC 13D/A
Feb 09, 2023	vanguard group inc	5.99%	6,624,579	SC 13G/A
Jan 23, 2023	blackrock inc.	14.2%	15,664,431	SC 13G/A
Jul 13, 2022	sutherland reit holdings, lp	10.0%	11,431,048	SC 13D/A
Jun 22, 2022	sutherland reit holdings, lp	11.5%	13,195,300	SC 13D/A
Jan 27, 2022	blackrock inc.	14.7%	10,807,722	SC 13G/A
Jan 26, 2022	blackrock inc.	14.7%	10,807,722	SC 13G/A

Recent SEC filings of Ready Capital Corp

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
Apr 29, 2024	10-K/A	Annual Report
Apr 17, 2024	SC 13D/A	13D - Major Acquisition
Mar 26, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 06, 2024	4	Insider Trading
Feb 28, 2024	10-K	Annual Report
Feb 27, 2024	8-K	Current Report
Feb 26, 2024	4	Insider Trading

Peers (Alternatives to Ready Capital Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Ready Capital Corp News

Latest updates

Ready Capital Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-100.0%	-	245	251	233	218	199	186	154	124	114	105	103	73.00	88.00	61.00	63.00	23.00	45.00	40.00	33.00	56.00
EBITDA Margin	-25.8%	0.46*	0.62*	0.60*	0.69*	0.52*	0.67*	0.86*	0.94*	0.92*	0.82*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-8.1%	49.00	53.00	59.00	60.00	57.00	64.00	71.00	73.00	63.00	66.00	55.00	48.00	23.00	23.00	17.00	20.00	23.00	23.00	20.00	21.00	13.00
Income Taxes	-1166.7%	-30.21	-2.38	4.00	5.00	0.00	-17.47	5.00	10.00	18.00	-7.35	7.00	7.00	9.00	4.00	7.00	6.00	-7.94	-1.95	-2.60	-3.00	-3.00
Earnings Before Taxes	-1033.7%	-105	11.00	51.00	259	37.00	-47.40	71.00	69.00	82.00	4.00	53.00	38.00	38.00	32.00	42.00	40.00	-59.45	19.00	10.00	8.00	27.00
EBT Margin	-39.9%	0.23*	0.38*	0.33*	0.38*	0.17*	0.26*	0.39*	0.42*	0.40*	0.33*	-	-	-	-	-	-	-	-	-	-	-
Net Income	-781.6%	-74.17	11.00	47.00	253	37.00	14.00	66.00	59.00	64.00	54.00	47.00	31.00	29.00	27.00	35.00	35.00	-51.52	20.00	12.00	11.00	29.00
Net Income Margin	-31.9%	0.25*	0.37*	0.39*	0.44*	0.23*	0.31*	0.42*	0.45*	0.44*	0.40*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	153.8%	16.00	-29.65	44.00	38.00	-0.91	217	63.00	64.00	15.00	46.00	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-3.2%	12,044	12,441	12,799	12,383	11,537	11,621	11,858	11,937	11,476	9,534	9,264	8,977	8,017	5,372	5,318	5,461	5,270	4,977	4,123	3,840	3,279
Cash Equivalents	70.0%	236	139	182	228	111	147	208	128	211	193	210	201	308	145	150	257	122	128	53.00	42.00	48.00
Goodwill	0%	39.00	39.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-2.6%	9,535	9,794	10,100	9,672	9,649	9,722	9,881	9,967	9,509	8,245	8,027	7,680	6,819	4,538	4,493	4,648	4,494	4,132	3,384	3,093	2,518
Long Term Debt	-	-	-	-	115	115	114	114	114	114	113	113	113	112	112	112	112	111	111	111	111	110
Shareholder's Equity	-1.6%	2,500	2,540	2,592	2,703	1,880	1,791	1,969	1,962	1,959	1,281	1,229	1,288	1,179	834	824	813	776	845	739	747	761
Retained Earnings	-102.9%	-3.55	124	169	187	-6.53	5.00	40.00	27.00	22.00	9.00	-10.39	-23.10	-20.03	-24.20	-31.78	-49.75	-69.60	9.00	9.00	15.00	22.00
Additional Paid-In Capital	-0.6%	2,307	2,322	2,318	2,314	1,688	1,684	1,720	1,724	1,723	1,162	1,115	1,090	1,089	850	847	854	837	823	721	721	721
Shares Outstanding	-1.1%	170	172	172	172	111	111	106	101	88.00	69.00	72.00	71.00	-	-	-	-	-	-	-	-	-
Minority Interest	-1.4%	97.00	98.00	99.00	100	100	99.00	102	103	107	4.00	19.00	19.00	19.00	19.00	19.00	18.00	18.00	19.00	19.00	19.00	20.00
Float	-	-	-	-	1,801,200	-	1,231,200	-	1,200	-	-	-	914	-	-	-	359	-	-	-	471	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	153.8%	15,943	-29,651	43,542	38,146	-907	216,992	62,973	64,441	14,742	46,127	-101,500	71,133	-50,201	69,154	-48,289	148,040	-100,012	12,473	-6,863	-59,063	1,056
Share Based Compensation	32.5%	1,894	1,429	2,300	2,000	1,853	1,350	2,000	2,100	2,000	1,705	1,800	767	1,578	-	-	-	-	-	-	-	-
Cashflow From Investing	-28.9%	305,016	429,183	256,642	285,723	47,896	27,050	90,710	-551,226	-1,122,962	-265,828	-121,876	-1,120,160	-210,541	-51,754	129,694	7,086	-144,468	-292,547	-245,637	-504,173	-170,435
Cashflow From Financing	18.9%	-347,930	-429,007	-377,144	-181,624	-97,312	-266,313	-79,442	431,758	1,084,976	258,211	236,164	949,023	432,294	-40,664	-207,044	-29,728	340,487	302,916	255,598	544,404	195,281
Dividend Payments	-100.0%	-	64,776	26,381	76,756	47,176	51,136	51,184	51,165	34,347	33,563	33,967	9,695	34,699	16,934	14,524	4,125	21,302	18,292	18,292	13,396	13,346
Buy Backs	-	19,050	-	6.00	-	-	33,149	2,833	-	-	-	-	-	987	-	-	-	-	-	-	-	-

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RC Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest income	$ 232,354	$ 215,968
Interest expense	(183,805)	(158,868)
Net interest income before recovery of loan losses	48,549	57,100
Recovery of loan losses	26,544	6,734
Net interest income after recovery of loan losses	75,093	63,834
Non-interest income
Net realized gain (loss) on financial instruments and real estate owned	18,868	11,575
Net unrealized gain (loss) on financial instruments	4,632	(5,635)
Valuation allowance, loans held for sale	(146,180)
Servicing income, net of amortization and impairment of $3,697 and $1,759	3,758	4,642
Income on purchased future receivables, net of allowance for credit losses of $1,206 and $1,594	446	540
Income on unconsolidated joint ventures	468	656
Other income	15,380	19,852
Total non-interest income	(102,628)	31,630
Non-interest expense
Professional fees	(7,065)	(5,543)
Loan servicing expense	(12,794)	(8,155)
Transaction related expenses	(650)	(893)
Other operating expenses	(30,187)	(12,609)
Total non-interest expense	(78,258)	(56,054)
Income (loss) from continuing operations before provision for income taxes	(105,793)	39,410
Income tax benefit (provision)	30,211	(901)
Net income (loss) from continuing operations	(75,582)	38,509
Discontinued operations (refer to Note 9)
Income (loss) from discontinued operations before benefit (provision) for income taxes	1,887	(2,041)
Income tax benefit (provision)	(472)	510
Net income (loss) from discontinued operations	1,415	(1,531)
Net income (loss)	(74,167)	36,978
Less: Dividends on preferred stock	1,999	1,999
Less: Net income attributable to non-controlling interest	117	1,835
Net income (loss) attributable to Ready Capital Corporation	$ (76,283)	$ 33,144
Earnings per basic common share
Earnings per common share from continuing operations - basic	$ (0.45)	$ 0.31
Earnings per common share from discontinued operations - basic	0.01	(0.01)
Total earnings per common share - basic	(0.44)	0.30
Earnings per diluted common share
Earnings per common share from continuing operations - diluted	(0.45)	0.30
Earnings per common share from discontinued operations - diluted	0.01	(0.01)
Total earnings per common share - diluted	$ (0.44)	$ 0.29
Weighted-average shares outstanding
Basic	172,032,866	110,672,939
Diluted	173,104,415	121,025,909
Dividends declared per share of common stock	$ 0.30	$ 0.40
Nonrelated party
Non-interest expense
Employee compensation and benefits	$ (18,414)	$ (19,727)
Related Party
Non-interest expense
Employee compensation and benefits	(2,500)	(2,326)
Management fees - related party	$ (6,648)	(5,081)
Incentive fees - related party		$ (1,720)

RC Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 166,004
Restricted cash	24,915
Loans, net (including $0 and $9,348 held at fair value)	3,400,481	$ 4,020,160
Mortgage-backed securities	29,546	27,436
Investment in unconsolidated joint ventures (including $7,169 and $7,360 held at fair value)	132,730	133,321
Derivative instruments	15,448	2,404
Servicing rights	103,555	102,837
Real estate owned, held for sale	239,874	252,949
Other assets	315,772	300,175
Assets held for sale (refer to Note 9)	439,301	454,596
Total Assets	12,043,532	12,441,217
Liabilities
Secured borrowings	2,198,272	2,102,075
Senior secured notes, net	345,570	345,127
Corporate debt, net	766,084	764,908
Guaranteed loan financing	814,784	844,540
Contingent consideration		7,628
Derivative instruments	593	212
Dividends payable	53,908	54,289
Loan participations sold	73,749	62,944
Accounts payable and other accrued liabilities	193,896	207,481
Liabilities held for sale (refer to Note 9)	315,975	333,157
Total Liabilities	9,535,289	9,794,455
Preferred stock Series C liquidation preference, $25.00 per share (refer to Note 20)	8,361	8,361
Commitments and contingencies (refer to Note 24)
Stockholders' Equity
Preferred stock Series E, liquidation preference $25.00 per share (refer to Note 20)	111,378	111,378
Common stock, $0.0001 par value, 500,000,000 shares authorized, 170,445,333 and 172,276,105 shares issued and outstanding, respectively	17	17
Additional paid-in capital	2,307,303	2,321,989
Retained earnings (deficit)	(3,546)	124,413
Accumulated other comprehensive loss	(12,335)	(17,860)
Total Ready Capital Corporation equity	2,402,817	2,539,937
Non-controlling interests	97,065	98,464
Total Stockholders' Equity	2,499,882	2,638,401
Total Liabilities, Redeemable Preferred Stock, and Stockholders' Equity	12,043,532	12,441,217
Consolidated Excluding VIEs
Assets
Cash and cash equivalents	166,004	138,532
Restricted cash	24,915	30,063
Loans, net (including $0 and $9,348 held at fair value)	3,400,481	4,020,160
Loans, held for sale (net of valuation allowance of $146,180 and $0)	584,072	81,599
Other assets	315,772	300,175
Liabilities
Secured borrowings	2,198,272	2,102,075
Due to third parties	3,401	3,641
Accounts payable and other accrued liabilities	193,896	207,481
Consolidated VIEs
Assets
Assets of consolidated VIEs	6,591,834	6,897,145
Liabilities
Secured borrowings	$ 4,769,057	$ 5,068,453

About Ready Capital Corp

Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment originates SBC loans across the full life-cycle of an SBC property, including construction, bridge, stabilized, and agency channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment originates residential mortgage loans. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.

CEO	Mr. Thomas Edward Capasse
WEBSITE	readycapital.com
INDUSTRY	REIT Mortgage
EMPLOYEES	582

Ready Capital Corp Frequently Asked Questions

What is the ticker symbol for Ready Capital Corp? What does RC stand for in stocks?

RC is the stock ticker symbol of Ready Capital Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ready Capital Corp (RC)?

As of Fri May 17 2024, market cap of Ready Capital Corp is 1.47 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RC stock?

You can check RC's fair value in chart for subscribers.

What is the fair value of RC stock?

You can check RC's fair value in chart for subscribers. The fair value of Ready Capital Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ready Capital Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ready Capital Corp a good stock to buy?

The fair value guage provides a quick view whether RC is over valued or under valued. Whether Ready Capital Corp is cheap or expensive depends on the assumptions which impact Ready Capital Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RC.

What is Ready Capital Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, RC's PE ratio (Price to Earnings) is 6.19 and Price to Sales (PS) ratio is 1.55. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Ready Capital Corp's stock?

In the past 10 years, Ready Capital Corp has provided 0.028 (multiply by 100 for percentage) rate of return.