Separately, Zacks Investment Research downgraded Ready Capital from a buy rating to a hold rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $17.14.
RC stock opened at $14.44 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.60. Ready Capital has a 1 year low of $13.44 and a 1 year high of $17.30. The stock has a market capitalization of $463.96 million, a PE ratio of 8.20 and a beta of 0.78.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend is Wednesday, March 27th. Ready Capital’s dividend payout ratio is currently 90.91%.
About Ready Capital
Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small balance commercial (SBC) loans, small business administration (SBA) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.
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