Ready Capital Corporation (RC)

US — Real Estate Sector
Peers: TWO  ACRE  ARI  EFC  CHMI  KREF 

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Key Metrics & Ratings

  • symbol RC
  • Rev/Share 1.3582
  • Book/Share 11.5292
  • PB 0.3406
  • Debt/Equity 0.3946
  • CurrentRatio 0.226
  • ROIC -0.2372

 

  • MktCap 609653170.0
  • FreeCF/Share 1.8501
  • PFCF 1.9644
  • PE -2.0496
  • Debt/Assets 0.0774
  • DivYield 0.2022
  • ROE -0.1549

 

  • Rating C+
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 4
  • D/E Score 4

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

Investors in Ready Capital Corporation Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
RC
Published: March 11, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 11, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=135246&wire=1 or contact Joseph E. Levi, Esq.

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image for news Investors in Ready Capital Corporation Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
RC Stockholders: Robbins LLP Reminds Investors that a Class Action was Filed Against Ready Capital Corporation
RC
Published: March 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, March 10, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Ready Capital Corporation (NYSE: RC) common stock between November 7, 2024 and March 2, 2025. Ready Capital is a real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LLM”) commercial real estate (“CRE”) loans, small business administration loans, residential mortgage loans, and other real estate-related investments.

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image for news RC Stockholders: Robbins LLP Reminds Investors that a Class Action was Filed Against Ready Capital Corporation
Levi & Korsinsky Reminds Ready Capital Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - RC
RC
Published: March 10, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 10, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=135048&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Levi & Korsinsky Reminds Ready Capital Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - RC
Rosen Law Firm Urges Ready Capital Corporation (NYSE: RC) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
RC
Published: March 10, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers of common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025. Ready Capital describes itself as a real estate finance company. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Ready Capita.

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image for news Rosen Law Firm Urges Ready Capital Corporation (NYSE: RC) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
RC
Published: March 10, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 10, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against Ready Capital Corporation ("Ready" or the "Company") (NYSE:RC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.

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image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
Bronstein, Gewirtz & Grossman, LLC Encourages Ready Capital Corporation (RC) Investors to Inquire about Securities Investigation
RC
Published: March 10, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / March 10, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ready Capital Corporation ("Ready" or "the Company") (NYSE:RC). Investors who purchased Ready securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RC.

Read More
image for news Bronstein, Gewirtz & Grossman, LLC Encourages Ready Capital Corporation (RC) Investors to Inquire about Securities Investigation
Levi & Korsinsky Reminds Shareholders of an Investigation into Ready Capital Corporation (RC) Regarding Potential Securities Fraud Allegations
RC
Published: March 07, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 7, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Ready Capital Corporation ("Ready Capital Corporation") (NYSE:RC) concerning possible violations of federal securities laws. Ready Capital reported financial results for the quarter ended December 31, 2024.

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image for news Levi & Korsinsky Reminds Shareholders of an Investigation into Ready Capital Corporation (RC) Regarding Potential Securities Fraud Allegations
READY CAPITAL CORPORATION (NYSE: RC) INVESTOR ALERT: Investors With Large Losses in Ready Capital Corporation Should Contact Bernstein Liebhard LLP To Discuss Their Rights
RC
Published: March 07, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC) between November 7, 2024 and March 2, 2025, inclusive. For more information, submit a form at Ready Capital Corporation Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at [email protected], or call us at (212) 951-2030.

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image for news READY CAPITAL CORPORATION (NYSE: RC) INVESTOR ALERT: Investors With Large Losses in Ready Capital Corporation Should Contact Bernstein Liebhard LLP To Discuss Their Rights
RC INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Ready Capital Corporation Investors with Losses Have Opportunity to Lead Class Action Lawsuit!
RC
Published: March 07, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 7, 2025 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Ready Capital Corporation ("Ready Capital" or "the Company") (NYSE:RC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Ready Capital securities between November 7, 2024 and March 2, 2025, both dates inclusive (the "Class Period").

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image for news RC INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Ready Capital Corporation Investors with Losses Have Opportunity to Lead Class Action Lawsuit!
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Ready Capital Corporation (RC) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
RC
Published: March 07, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, March 07, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding Ready Capital's business, operations, and prospects, including allegations that: (1) significant non-performing loans in its CRE portfolio were not likely to be collectible; (2) Ready Capital would fully reserve these problem loans in order to “stabilize” its CRE portfolio; (3) this was not accurately reflected in Ready Capital's current expected credit loss or valuation allowances; …

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image for news INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Ready Capital Corporation (RC) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Ready Capital Corporation (RC) And Encourages Stockholders to Reach Out
RC
Published: March 07, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / March 7, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ready Capital Corporation ("Ready" or "the Company") (NYSE:RC). Investors who purchased Ready securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RC.

Read More
image for news Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Ready Capital Corporation (RC) And Encourages Stockholders to Reach Out
Bronstein, Gewirtz & Grossman, LLC Is Investigating Ready Capital Corporation (RC) And Encourages Stockholders to Connect.
RC
Published: March 06, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / March 6, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ready Capital Corporation ("Ready" or "the Company") (NYSE:RC). Investors who purchased Ready securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RC.

Read More
image for news Bronstein, Gewirtz & Grossman, LLC Is Investigating Ready Capital Corporation (RC) And Encourages Stockholders to Connect.
Ready Capital Corporation (RC) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation
RC
Published: March 05, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / March 5, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ready Capital Corporation ("Ready" or "the Company") (NYSE:RC). Investors who purchased Ready securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/RC.

Read More
image for news Ready Capital Corporation (RC) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ready Capital Corporation - RC
RC
Published: March 05, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 5, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Ready Capital Corporation ("Ready" or the "Company") (NYSE:RC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ready Capital Corporation - RC
UDF IV Shareholders Approve Merger with Ready Capital
RC
Published: March 04, 2025 by: GlobeNewsWire
Sentiment: Neutral

IRVING, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) today announced that, based on the voting results certified by UDF IV's inspector of elections, First Coast Results, Inc., UDF IV shareholders approved the previously announced merger with Ready Capital Corporation (NYSE: RC) at the UDF IV Special Meeting of Shareholders (the “Special Meeting”) held earlier today.

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image for news UDF IV Shareholders Approve Merger with Ready Capital
Ready Capital: Cat Stevens Was Wrong
RC
Published: March 03, 2025 by: Seeking Alpha
Sentiment: Neutral

Ready Capital Corporation had another quarter marked by huge writedowns. The dividend was cut once again. We go over how we were wrong on a couple of fronts.

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image for news Ready Capital: Cat Stevens Was Wrong
Ready Capital Corporation (RC) Q4 2024 Earnings Call Transcript
RC
Published: March 03, 2025 by: Seeking Alpha
Sentiment: Neutral

Ready Capital Corporation (NYSE:RC ) Q4 2024 Earnings Conference Call March 3, 2025 8:30 AM ET Company Participants Andrew Ahlborn - CFO Thomas Capasse - CEO Adam Zausmer - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler Douglas Harter - UBS Jade Rahmani - KBW Stephen Laws - Raymond James Christopher Nolan - Landenburg Thalmann Operator Greetings, and welcome to Ready Capital Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

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image for news Ready Capital Corporation (RC) Q4 2024 Earnings Call Transcript
NexPoint Submits Competing Proposal for UDF IV with Improved Shareholder Economics, Awaits Engagement from UDF IV Board of Trustees
NXDT, RC
Published: February 27, 2025 by: PRNewsWire
Sentiment: Neutral

Implores UDF IV Board to Postpone March 4 Special Meeting for One Month to Engage with NexPoint and Appropriately Evaluate Proposal NexPoint Will Not Vote at Special Meeting Without Due Consideration of Proposal DALLAS , Feb. 27, 2025 /PRNewswire/ -- NexPoint Advisors, L.P. (together with its affiliates "NexPoint") today announced NexPoint Real Estate Opportunities, LLC has submitted a competing proposal to the Board of Trustees of 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, to vote on the proposed merger of UDF IV …

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image for news NexPoint Submits Competing Proposal for UDF IV with Improved Shareholder Economics, Awaits Engagement from UDF IV Board of Trustees
Short Duration Debt - The Way We Choose To Invest In Ready Capital
RC
Published: February 26, 2025 by: Seeking Alpha
Sentiment: Positive

Ready Capital's short-duration exchange-traded senior notes, RCC and RCB, offer attractive yields of 8.6% and 9.6%, respectively, for the risk they carry. The company has faced challenges post-COVID, with a total return close to zero over the past decade and a recent dividend cut of 17%. Ready Capital's capital structure shows a relatively high debt-to-equity ratio, with recent debt increases and significant interest expenses impacting financial stability. Monitoring of performance is required.

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image for news Short Duration Debt - The Way We Choose To Invest In Ready Capital
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 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.