Ready Capital Corp (NYSE:RC) – Investment analysts at B. Riley increased their Q3 2019 earnings estimates for Ready Capital in a research note issued to investors on Thursday, March 14th. B. Riley analyst T. Hayes now expects that the real estate investment trust will post earnings of $0.46 per share for the quarter, up from their prior forecast of $0.45. B. Riley also issued estimates for Ready Capital’s Q1 2020 earnings at $0.43 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.48 EPS and FY2020 earnings at $1.83 EPS.
Ready Capital (NYSE:RC) last announced its quarterly earnings results on Tuesday, March 12th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.09). The company had revenue of $14.96 million during the quarter, compared to analysts’ expectations of $16.78 million. Ready Capital had a return on equity of 10.24% and a net margin of 28.04%.
RC has been the topic of a number of other reports. Zacks Investment Research cut Ready Capital from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.50 price target on shares of Ready Capital in a research note on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.14.
Shares of Ready Capital stock opened at $14.76 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market capitalization of $475.80 million, a price-to-earnings ratio of 8.39 and a beta of 0.80. Ready Capital has a one year low of $13.44 and a one year high of $17.30.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 10.84%. Ready Capital’s dividend payout ratio (DPR) is presently 90.91%.
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.
Further Reading: Leveraged Buyout (LBO)
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