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NYSE: RC
Ready Capital Corp Stock

$9.13+0.20 (+2.24%)
Updated Mar 28, 2024
RC Price
$9.13
Fair Value Price
N/A
Market Cap
$1.58B
52 Week Low
$8.30
52 Week High
$11.97
P/E
4.06x
P/B
0.62x
P/S
2.39x
PEG
1.36x
Dividend Yield
19.28%
Revenue
$630.58M
Earnings
$331.45M
Gross Margin
100%
Operating Margin
53.55%
Profit Margin
51.3%
Debt to Equity
3.86
Operating Cash Flow
$51M
Beta
1.21
Next Earnings
May 6, 2024
Ex-Dividend
Mar 27, 2024
Next Dividend
Apr 30, 2024

RC Overview

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. It operates through four segments: Acquisitions; SBC Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking. The Acquisitions segment acquires performing and non-performing SBC loans. The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using various loan origination channels; and originates and services multi-family loan products. The SBA Originations, Acquisitions and Servicing segment acquires, originates, and services owner-occupied loans guaranteed by the SBA. The Residential Mortgage Banking segment originates residential mortgage loans through retail, correspondent, and broker channels. 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.

Zen Score

Industry Average (22)
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Due Diligence Checks

RC ($9.13) is trading below its intrinsic value of $14.71, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
RC is good value based on its earnings relative to its share price (4.06x), compared to the US market average (44.51x)
P/E vs Market Valuation
RC is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
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RC News

Valuation

RC price to earnings (PE)

For valuing profitable companies with steady earnings
Company
4.06x
Industry
40.73x
Market
44.51x
RC is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
RC is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

RC price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.62x
Industry
0.75x
RC is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

RC price to earnings growth (PEG)

For valuing profitable companies with growth potential
RC is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

RC's financial health

Profit margin

Revenue
$46.7M
Net Income
$7.8M
Profit Margin
12.3%
RC's Earnings (EBIT) of $337.68M... subscribe to Premium to read more.
Interest Coverage Financials
RC's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$12.4B
Liabilities
$9.8B
Debt to equity
3.86
RC's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
RC's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$29.7M
Investing
$429.2M
Financing
-$429.0M
RC's operating cash flow ($51.13M)... subscribe to Premium to read more.
Debt Coverage Financials

RC vs Mortgage REIT Stocks

TickerMarket Cap1d %P/EP/B
RC$1.58B+2.24%4.06x0.62x
ARI$1.58B+1.64%38.41x0.72x
LADR$1.41B+1.46%13.74x0.92x
TWO$1.37B+0.61%-8.28x0.62x
CMTG$1.35B+3.50%488.00x0.59x

Ready Capital Stock FAQ

What is Ready Capital's quote symbol?

(NYSE: RC) Ready Capital trades on the NYSE under the ticker symbol RC. Ready Capital stock quotes can also be displayed as NYSE: RC.

If you're new to stock investing, here's how to buy Ready Capital stock.

What is the 52 week high and low for Ready Capital (NYSE: RC)?

(NYSE: RC) Ready Capital's 52-week high was $11.97, and its 52-week low was $8.30. It is currently -23.73% from its 52-week high and 10% from its 52-week low.

How much is Ready Capital stock worth today?

(NYSE: RC) Ready Capital currently has 172,554,524 outstanding shares. With Ready Capital stock trading at $9.13 per share, the total value of Ready Capital stock (market capitalization) is $1.58B.

Ready Capital stock was originally listed at a price of $19.95 in Feb 8, 2013. If you had invested in Ready Capital stock at $19.95, your return over the last 11 years would have been -54.24%, for an annualized return of -6.86% (not including any dividends or dividend reinvestments).

How much is Ready Capital's stock price per share?

(NYSE: RC) Ready Capital stock price per share is $9.13 today (as of Mar 28, 2024).

What is Ready Capital's Market Cap?

(NYSE: RC) Ready Capital's market cap is $1.58B, as of Mar 29, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Ready Capital's market cap is calculated by multiplying RC's current stock price of $9.13 by RC's total outstanding shares of 172,554,524.
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