Ready Capital (NYSE:RC) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.09), Morningstar.com reports. Ready Capital had a net margin of 34.71% and a return on equity of 10.37%. The company had revenue of $14.96 million for the quarter, compared to the consensus estimate of $16.78 million.
RC opened at $15.62 on Wednesday. Ready Capital has a 52 week low of $13.44 and a 52 week high of $17.30. The stock has a market cap of $501.48 million, a price-to-earnings ratio of 11.00 and a beta of 0.79. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.59.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Ready Capital from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 price objective on shares of Ready Capital in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.14.
Ready Capital Company Profile
Ready Capital Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small 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.
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