Ready Capital Corp Stock Today

RC Stock  USD 7.39  0.14  1.93%   

Performance

0 of 100

 
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Odds Of Distress

Less than 40

 
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Below Average
Ready Capital is trading at 7.39 as of the 23rd of November 2024, a 1.93% increase since the beginning of the trading day. The stock's open price was 7.25. Ready Capital has about a 40 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Ready Capital Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of October 2024 and ending today, the 23rd of November 2024. Click here to learn more.
Business Domain
Financial Services
IPO Date
8th of February 2013
Category
Real Estate
Classification
Financials
Ready Capital Corporation operates as a real estate finance company in the United States. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York. Ready Capital operates under REITMortgage classification in the United States and is traded on New York Stock Exchange. The company has 168.53 M outstanding shares of which 19.27 M shares are at this time sold short in the market by investors with about 12.7 days to cover all shorted shares. More on Ready Capital Corp

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Ready Stock Highlights

ESG Sustainability
Environmental
Governance
Social
ChairmanThomas Capasse
Thematic IdeaTrading (View all Themes)
Business ConcentrationMortgage Real Estate Investment Trusts (REITs), Financial Services, Real Estate, NYSE Composite, SP Small-Cap 600, Trading, Financials, Mortgage Real Estate Investment Trusts (REITs), REIT—Mortgage, Real Estate (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.06390.0921
Way Down
Slightly volatile
Gross Profit Margin0.590.9644
Way Down
Very volatile
Total Current Liabilities247.4 M345.1 M
Way Down
Slightly volatile
Non Current Liabilities Total7.5 B7.1 B
Sufficiently Up
Slightly volatile
Total Assets13.1 B12.4 B
Sufficiently Up
Slightly volatile
Total Current Assets270.2 M272.9 M
Fairly Down
Slightly volatile
Debt Levels
Ready Capital can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ready Capital's financial leverage. It provides some insight into what part of Ready Capital's total assets is financed by creditors.
Liquidity
Ready Capital Corp reports 7.24 B of total liabilities with total debt to equity ratio (D/E) of 4.88, which implies that the company may not be able to produce enough cash to satisfy its debt commitments. Ready Capital Corp has a current ratio of 4.26, indicating that it is in good position to pay out its debt commitments in time. Note however, debt could still be an excellent tool for Ready to invest in growth at high rates of return.

Change In Cash

(10.54 Million)
Ready Capital Corp (RC) is traded on New York Stock Exchange in USA. It is located in 1251 Avenue of the Americas, New York, NY, United States, 10020 and employs 350 people. Ready Capital is listed under Mortgage Real Estate Investment Trusts (REITs) category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 1.23 B. Ready Capital Corp is active under Mortgage Real Estate Investment Trusts (REITs) sector as part of Financials industry. The entity has 168.53 M outstanding shares of which 19.27 M shares are at this time sold short in the market by investors with about 12.7 days to cover all shorted shares. Ready Capital Corp reports about 163.04 M in cash with 54.06 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.61.
Check Ready Capital Probability Of Bankruptcy
Ownership Allocation
Ready Capital owns a total of 168.53 Million outstanding shares. Over half of Ready Capital's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Ready Ownership Details

Ready Stock Institutional Holders

InstituionRecorded OnShares
Clear Harbor Asset Management, Llc2024-09-30
1.4 M
Van Eck Associates Corporation2024-06-30
1.3 M
Ramsey Quantitative Systems Inc2024-09-30
1.3 M
Quadrant Private Wealth Management, Llc2024-09-30
1.3 M
First Trust Advisors L.p.2024-06-30
1.3 M
Schechter Investment Advisors, Llc2024-06-30
1.2 M
Bank Of New York Mellon Corp2024-06-30
1.2 M
Soltis Investment Advisors, Llc2024-06-30
1.2 M
Parallel Advisors, Llc2024-06-30
913.2 K
Blackrock Inc2024-06-30
26.6 M
Vanguard Group Inc2024-09-30
10.6 M
View Ready Capital Diagnostics

Ready Capital Historical Income Statement

At present, Ready Capital's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 1.2 B, whereas Depreciation And Amortization is forecasted to decline to about 19.2 M. View More Fundamentals

Ready Stock Against Markets

Ready Capital Corporate Directors

David HolmanIndependent DirectorProfile
Gilbert NathanIndependent DirectorProfile
Frank FilippsIndependent DirectorProfile
Todd SinaiIndependent DirectorProfile
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ready Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Ready Stock refer to our How to Trade Ready Stock guide.
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Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ready Capital. If investors know Ready will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ready Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.053
Dividend Share
1.15
Earnings Share
(0.72)
Revenue Per Share
0.76
Quarterly Revenue Growth
(0.81)
The market value of Ready Capital Corp is measured differently than its book value, which is the value of Ready that is recorded on the company's balance sheet. Investors also form their own opinion of Ready Capital's value that differs from its market value or its book value, called intrinsic value, which is Ready Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ready Capital's market value can be influenced by many factors that don't directly affect Ready Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ready Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ready Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ready Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.