Ready Capital Corp

Company Profile

Ready Capital Corp had its IPO on 2013-02-08 under the ticker symbol RC.

The company operates in the Real Estate sector and REIT-Mortgage industry. Ready Capital Corp has a staff strength of 582 employees.

Stock update

Shares of Ready Capital Corp opened at $10.79 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $10.74 - $10.88, and closed at $10.76.

This is a -0.19% slip from the previous day's closing price.

A total volume of 1,125,995 shares were traded at the close of the day’s session.

In the last one week, shares of Ready Capital Corp have slipped by -2.18%.

Ready Capital Corp's Key Ratios

Ready Capital Corp has a market cap of $1.91 billion, indicating a price to book ratio of 0.8089 and a price to sales ratio of 2.4395.

In the last 12-months Ready Capital Corp’s revenue was $454.19 million with a gross profit of $470.58 million and an EBITDA of $0. The EBITDA ratio measures Ready Capital Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Ready Capital Corp’s operating margin was 37.47% while its return on assets stood at 3.05% with a return of equity of 15.82%.

In Q2, Ready Capital Corp’s quarterly earnings growth was a positive 292.5% while revenue growth was a negative 13.9%.

Ready Capital Corp’s PE and PEG Ratio

Forward PE

10.1523

Trailing PE

3.9427

PEG

Its diluted EPS in the last 12-months stands at $2.79 per share while it has a forward price to earnings multiple of 10.1523 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ready Capital Corp’s profitability.

Ready Capital Corp stock is trading at a EV to sales ratio of 6.4756 and a EV to EBITDA ratio of 15.9619. Its price to sales ratio in the trailing 12-months stood at 2.4395.

Ready Capital Corp stock pays annual dividends of $1.62 per share, indicating a yield of 10.91% and a payout ratio of 79.47%.

Balance sheet and cash flow metrics

Total Assets

$12.38 billion

Total Liabilities

$159.65 million

Operating Cash Flow

$285.72 million

Capital Expenditure

$2.29 million

Dividend Payout Ratio

79.47%

Ready Capital Corp ended 2024 with $12.38 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $12.38 billion while shareholder equity stood at $2.60 billion.

Ready Capital Corp ended 2024 with $0 in deferred long-term liabilities, $159.65 million in other current liabilities, 17000.00 in common stock, $187.14 million in retained earnings and $37.82 million in goodwill. Its cash balance stood at $227.50 million and cash and short-term investments were $227.50 million. The company’s total short-term debt was $459,183,000 while long-term debt stood at $9.29 billion.

Ready Capital Corp’s total current assets stands at $240.42 million while long-term investments were $159.72 million and short-term investments were $0. Its net receivables were $12.92 million compared to accounts payable of $159.65 million and inventory worth $0.

In 2024, Ready Capital Corp's operating cash flow was $285.72 million while its capital expenditure stood at $2.29 million.

Comparatively, Ready Capital Corp paid $0.79 in dividends in 2024.

Other key metrics

Current Trading Price

$10.76

52-Week High

$12.4792

52-Week Low

$8.6458

Analyst Target Price

$12.63

Ready Capital Corp stock is currently trading at $10.76 per share. It touched a 52-week high of $12.4792 and a 52-week low of $12.4792. Analysts tracking the stock have a 12-month average target price of $12.63.

Its 50-day moving average was $11.09 and 200-day moving average was $10.77 The short ratio stood at 5.85 indicating a short percent outstanding of 0%.

Around 91.8% of the company’s stock are held by insiders while 4271.1% are held by institutions.