Ready Capital Corporation (RC)

US — Real Estate Sector
Peers: EARN  EFC  DX  ORC  CIM  ARR  IVR  NYMT  ARI  KREF    BRMK 

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Key Metrics & Ratings

  • symbol RC
  • Rev/Share 2.181
  • Book/Share 12.409
  • PB 0.3666
  • Debt/Equity 0.3459
  • CurrentRatio 0.3066
  • ROIC -0.2313

 

  • MktCap 734885170.0
  • FreeCF/Share 2.3368
  • PFCF 1.904
  • PE -2.3631
  • Debt/Assets 0.0673
  • DivYield 0.2146
  • ROE -0.1449

 

  • Rating
  • Score
  • Recommendation
  • P/E Score
  • DCF Score
  • P/B Score
  • D/E Score

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade RC Citizens JMP Mkt Outperform Market Perform -- -- March 3, 2025
Downgrade RC B. Riley Securities Buy Neutral $12 $10 Jan. 7, 2025

News

Ready Capital Corporation Announces Closing of $220.0 Million of Senior Secured Notes
RC
Published: February 24, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that on February 21, 2025, ReadyCap Holdings, LLC (“ReadyCap”), an indirect subsidiary of the Company closed a private placement of $220.0 million in aggregate principal amount of its 9.375% Senior Secured Notes due 2028 (the “Notes”). The Notes are senior secured obligations of ReadyCap. Payments of the amounts due on the Notes are fully and unconditionally guaranteed (the “Guarantees”), at issuance, by the Company, Ready Capital Partners I, LLC, Ready Capital Subsidiary REIT II, LLC (“SubREIT II”), RCSR I Investments, …

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image for news Ready Capital Corporation Announces Closing of $220.0 Million of Senior Secured Notes
NexPoint Provides Update on UDF IV's Proposed Merger with Ready Capital, Plans to Submit Competing Proposal
NXDT, RC
Published: February 21, 2025 by: PRNewsWire
Sentiment: Neutral

NexPoint is Deferring its Vote, Encourages Shareholders to Take No Action on Merger Voteto Compel Board to Properly Review Any Competing Proposal Calls for UDF IV Board to Postpone March 4 Special Meeting by 30 Days and Engage withNexPoint to Ensure Best Outcome for Shareholders DALLAS , Feb. 21, 2025 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") today provided an update on its intentions with respect to its investment in United Development Funding IV ("UDF IV" or "the Trust") ahead of the Special Meeting of UDF IV Shareholders (the "Meeting"), scheduled for March 4, 2025, …

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image for news NexPoint Provides Update on UDF IV's Proposed Merger with Ready Capital, Plans to Submit Competing Proposal

About Ready Capital Corporation (RC)

  • IPO Date 2013-02-08
  • Website https://www.readycapital.com
  • Industry REIT - Mortgage
  • CEO Mr. Thomas Edward Capasse
  • Employees 475
Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium 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. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. 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.