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

8.70USD-0.12 (-1.36%)Market Closed

Market Summary

USD8.70-0.12

Market Closed

-1.36%

RC Alerts

1 major insider buys recently.

RC Stock Price

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RC RSI Chart

RC Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

4.31

Price/Sales (Trailing)

1.59

EV/EBITDA

2.32

Price/Free Cashflow

29.36

RC Price/Sales (Trailing)

RC Profitability

EBT Margin

37.90%

Return on Equity

13.72%

Return on Assets

2.8%

Free Cashflow Yield

3.41%

RC Fundamentals

RC Revenue

Revenue (TTM)

945.8M

Rev. Growth (Yr)

22.93%

Rev. Growth (Qtr)

-2.32%

RC Earnings

Earnings (TTM)

348.4M

Earnings Growth (Yr)

-20.47%

Earnings Growth (Qtr)

-76.94%

Breaking Down RC Revenue

Last 7 days

2.7%

Last 30 days

-3.6%

Last 90 days

-11.7%

Trailing 12 Months

-15.8%

How does RC drawdown profile look like?

RC Financial Health

Debt/Equity

0.04

Debt/Cashflow

0.44

RC Investor Care

Dividend Yield

16.78%

Dividend/Share (TTM)

1.46

Shares Dilution (1Y)

55.83%

Diluted EPS (TTM)

2.22

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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
Apr 24, 2024	Newbridge Financial Services Group, Inc.	unchanged	-	-1,057	8,619	-%
Apr 24, 2024	BROWN ADVISORY INC	unchanged	-	-38,040	310,091	-%
Apr 24, 2024	H&H Retirement Design & Management INC	unchanged	-	-3,091	158,371	0.10%
Apr 24, 2024	PSI Advisors, LLC	unchanged	-	-2,688	21,912	0.01%
Apr 24, 2024	PATTON ALBERTSON MILLER GROUP, LLC	unchanged	-	-114,880	936,473	0.14%
Apr 24, 2024	Simplicity Wealth,LLC	new	-	273,900	273,900	0.01%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	added	15.49	26,000	939,000	-%
Apr 24, 2024	Midwest Heritage Bank, FSB	new	-	105,878	105,878	0.06%
Apr 24, 2024	Spire Wealth Management	reduced	-92.96	-1,809,370	126,378	-%
Apr 23, 2024	Tyche Wealth Partners LLC	unchanged	-	-12,979	105,798	0.03%

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

RC Alerts

1 major insider buys recently.

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
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
Feb 26, 2024	4	Insider Trading
Feb 26, 2024	4	Insider Trading
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	80.6B	11.1B	-10.93%	-13.71%	58.97	7.23	4.04%	-19.43%
CCI	40.9B	7.0B	-7.55%	-21.57%	27.25	5.86	-0.07%	-10.36%
AVB	27.2B	2.8B	5.99%	11.94%	29.29	9.83	6.73%	-18.30%
ARE	19.9B	3.0B	-5.56%	-2.28%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	0.42%	10.98%	29.97	8.06	7.80%	39.39%
REG	10.9B	1.3B	0.22%	-0.72%	29.89	8.24	8.04%	-24.50%
BXP	9.7B	3.3B	1.39%	20.98%	51.1	2.97	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.1B	3.80%	8.31%	35.91	7.52	5.38%	-38.52%
MAC	3.3B	884.1M	-7.80%	63.34%	-12.1	3.75	2.90%	-314.82%
SLG	3.3B	899.4M	0.34%	130.33%	-5.84	3.66	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	0.71%	18.73%	19.99	2.93	4.38%	15.77%
AIV	1.2B	198.2M	0.50%	5.01%	-7.34	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.13%	4.35%	13.43	1.78	25.53%	134.62%
NYMT	636.8M	258.7M	1.45%	-29.99%	-13.09	2.46	0.11%	83.70%
IVR	408.5M	277.9M	-9.26%	-18.00%	-25.76	1.47	44.33%	96.06%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-2.3%	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	22.00
EBITDA Margin	3.5%	0.62*	0.60*	0.75*	0.59*	0.75*	0.95*	1.03*	1.02*	0.94*	0.84*	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-10.4%	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	15.00
Income Taxes	-159.2%	-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	-2.74
Earnings Before Taxes	-77.9%	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	7.00
EBT Margin	13.8%	0.38*	0.33*	0.45*	0.25*	0.35*	0.48*	0.52*	0.51*	0.47*	0.43*	-	-	-	-	-	-	-	-	-	-	-
Net Income	-76.9%	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	9.00
Net Income Margin	-5.6%	0.37*	0.39*	0.44*	0.23*	0.30*	0.41*	0.44*	0.43*	0.40*	0.36*	-	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-168.1%	-29.65	44.00	38.00	-0.91	217	63.00	64.00	15.00	46.00	-101	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-2.8%	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	3,037
Cash Equivalents	-23.8%	139	182	228	111	147	208	128	211	193	210	201	308	145	150	257	122	128	53.00	42.00	48.00	95.00
Liabilities	-3.0%	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	2,473
Long Term Debt	-	-	-	115	115	114	114	114	114	113	113	113	112	112	112	112	111	111	111	111	110	110
Shareholder's Equity	-2.0%	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	564
Retained Earnings	-26.2%	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	5.00
Additional Paid-In Capital	0.2%	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	540
Shares Outstanding	0.1%	172	172	172	111	111	106	101	88.00	69.00	72.00	71.00	57.00	-	-	-	-	-	-	-	-	-
Minority Interest	-0.8%	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	19.00
Float	-	-	-	1,801	-	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-168.1%	-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	5,094
Share Based Compensation	-37.9%	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	67.2%	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	-113,279
Cashflow From Financing	-13.8%	-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	128,403
Dividend Payments	145.5%	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	13,346
Buy Backs	-100.0%	-	6.00	-	-	33,149	2,833	-	-	-	-	-	987	-	-	-	-	-	-	-	-	-

RC Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income	$ 945,814	$ 663,217	$ 395,196
Interest expense	(716,468)	(392,360)	(204,368)
Net interest income before provision for loan losses	229,346	270,857	190,828
Provision for loan losses	(7,230)	(34,442)	(8,049)
Net interest income after provision for loan losses	222,116	236,415	182,779
Non-interest income
Net realized gain (loss) on financial instruments and real estate owned	65,008	53,764	68,881
Net unrealized gain (loss) on financial instruments	9,718	21,890	22,457
Servicing income, net of amortization and impairment of $7,911, $19,653 and $10,588	21,161	11,428	17,623
Income on purchased future receivables, net of allowance for credit losses of $8,989, $3,357 and $1,296	2,387	5,490	10,257
Gain on bargain purchase	207,972
Income (loss) on unconsolidated joint ventures	(905)	11,661	6,916
Other income (loss)	103,127	50,718	6,856
Total non-interest income	408,468	154,951	132,990
Non-interest expense
Professional fees	(34,738)	(17,302)	(13,388)
Loan servicing expense	(40,811)	(30,814)	(20,566)
Transaction related expenses	(17,764)	(13,633)	(14,282)
Other operating expenses	(59,591)	(47,653)	(49,903)
Total non-interest expense	(272,165)	(216,340)	(183,609)
Income from continuing operations before provision for income taxes	358,419	175,026	132,160
Income tax provision	(7,174)	(15,475)	(14,859)
Net income from continuing operations	351,245	159,551	117,301
Discontinued operations
Income (loss) from discontinued operations before benefit (provision) for income taxes	(3,779)	57,870	56,897
Income tax benefit (provision)	945	(14,258)	(14,224)
Net income (loss) from discontinued operations, net of tax	(2,834)	43,612	42,673
Net income	348,411	203,163	159,974
Less: Dividends on preferred stock	7,997	7,996	7,503
Less: Net income attributable to non-controlling interest	8,960	8,900	2,230
Net income attributable to Ready Capital Corporation	$ 331,454	$ 186,267	$ 150,241
Earnings per basic common share
Earnings per common share from continuing operations - basic	$ 2.27	$ 1.32	$ 1.55
Earnings per common share from discontinued operations - basic	(0.02)	0.41	0.62
Total earnings per common share - basic	2.25	1.73	2.17
Earnings per diluted common share
Earnings per common share from continuing operations - diluted	2.24	1.28	1.54
Earnings per common share from discontinued operations - diluted	(0.02)	0.37	0.62
Total earnings per common share - diluted	$ 2.22	$ 1.65	$ 2.16
Weighted-average shares outstanding
Basic	146,841,594	106,878,139	68,511,578
Diluted	148,567,026	117,193,958	68,660,906
Dividends declared per share of common stock	$ 1.46	$ 1.66	$ 1.66
Nonrelated party
Non-interest expense
Employee compensation and benefits	$ (81,530)	$ (74,989)	$ (57,092)
Related Party
Non-interest expense
Employee compensation and benefits	(10,837)	(9,549)	(12,031)
Management fees - related party	(25,103)	(19,295)	(10,928)
Incentive fees - related party	$ (1,791)	$ (3,105)	$ (5,419)

RC Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 138,532	$ 147,399
Restricted cash	30,063	48,146
Loans, net (including $9,348 and $9,786 held at fair value)	4,020,160	3,571,799
Loans, held-for-sale, at fair value	81,599	123,735
Paycheck Protection Program loans (including $165 and $576 held at fair value)	34,597	186,985
Mortgage-backed securities	27,436	32,041
Investment in unconsolidated joint ventures (including $7,360 and $8,094 held at fair value)	133,321	118,641
Derivative instruments	2,404	12,532
Servicing rights	102,837	87,117
Real estate owned, held for sale	252,949	117,098
Other assets	265,578	183,533
Assets held for sale (refer to Note 9)	454,596	439,191
Total Assets	12,441,217	11,620,977
Liabilities
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings	36,036	201,011
Convertible notes, net		114,397
Senior secured notes, net	345,127	343,355
Corporate debt, net	764,908	662,665
Guaranteed loan financing	844,540	264,889
Contingent consideration	7,628	28,500
Derivative instruments	212	1,319
Dividends payable	54,289	47,177
Loan participations sold	62,944	54,641
Accounts payable and other accrued liabilities	171,445	153,614
Liabilities held for sale	333,157	271,924
Total Liabilities	9,794,455	9,722,382
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, 172,276,105 and 110,523,641 shares issued and outstanding, respectively	17	11
Additional paid-in capital	2,321,989	1,684,074
Retained earnings	124,413	4,994
Accumulated other comprehensive loss	(17,860)	(9,369)
Total Ready Capital Corporation equity	2,539,937	1,791,088
Non-controlling interests	98,464	99,146
Total Stockholders' Equity	2,638,401	1,890,234
Total Liabilities, Redeemable Preferred Stock, and Stockholders' Equity	12,441,217	11,620,977
Consolidated Excluding VIEs
Assets
Cash and cash equivalents	138,532	147,399
Restricted cash	30,063	48,146
Loans, net (including $9,348 and $9,786 held at fair value)	4,020,160	3,571,799
Other assets	265,578	183,533
Liabilities
Secured borrowings	2,102,075	2,663,735
Due to third parties	3,641	11,805
Consolidated VIEs
Assets
Assets of consolidated VIEs	6,897,145	6,552,760
Liabilities
Secured borrowings	$ 5,068,453	$ 4,903,350

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 Thu Apr 25 2024, market cap of Ready Capital Corp is 1.5 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 Thu Apr 25 2024, RC's PE ratio (Price to Earnings) is 4.31 and Price to Sales (PS) ratio is 1.59. 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 0.027 (multiply by 100 for percentage) rate of return.