What is Wedbush’s Forecast for Ready Capital Q1 Earnings?

Ready Capital Co. (NYSE:RC) – Analysts at Wedbush cut their Q1 2025 earnings per share (EPS) estimates for shares of Ready Capital in a research note issued on Tuesday, March 4th. Wedbush analyst J. Mccanless now expects that the real estate investment trust will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.25. Wedbush has a “Neutral” rating and a $6.00 price objective on the stock. The consensus estimate for Ready Capital’s current full-year earnings is $0.93 per share. Wedbush also issued estimates for Ready Capital’s Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.59 EPS and FY2026 earnings at $0.76 EPS.

Several other research analysts have also recently issued reports on RC. UBS Group lowered their target price on shares of Ready Capital from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Friday, November 15th. JMP Securities dropped their price objective on Ready Capital from $10.50 to $9.50 and set a “market outperform” rating on the stock in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut their target price on Ready Capital from $6.25 to $4.00 and set an “underperform” rating on the stock in a research report on Wednesday. B. Riley reissued a “neutral” rating and issued a $10.00 target price (down from $12.00) on shares of Ready Capital in a research report on Tuesday, January 7th. Finally, Citizens Jmp lowered Ready Capital from an “outperform” rating to a “market perform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.86.

Ready Capital Price Performance

RC stock opened at $4.96 on Thursday. The business has a 50 day moving average price of $6.73 and a 200 day moving average price of $7.23. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The stock has a market cap of $835.07 million, a price-to-earnings ratio of -7.08 and a beta of 1.43. Ready Capital has a fifty-two week low of $4.74 and a fifty-two week high of $9.53.

Institutional Trading of Ready Capital

Several hedge funds and other institutional investors have recently made changes to their positions in RC. Vanguard Group Inc. lifted its position in Ready Capital by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 11,366,828 shares of the real estate investment trust’s stock valued at $77,522,000 after purchasing an additional 768,891 shares during the period. State Street Corp raised its stake in shares of Ready Capital by 4.8% during the 3rd quarter. State Street Corp now owns 6,315,147 shares of the real estate investment trust’s stock worth $49,746,000 after buying an additional 287,068 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ready Capital by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,838,284 shares of the real estate investment trust’s stock valued at $29,292,000 after buying an additional 150,479 shares during the period. Invesco Ltd. boosted its stake in shares of Ready Capital by 6.8% in the fourth quarter. Invesco Ltd. now owns 3,116,019 shares of the real estate investment trust’s stock valued at $21,251,000 after buying an additional 197,770 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ready Capital by 21.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,266,585 shares of the real estate investment trust’s stock worth $15,458,000 after acquiring an additional 398,005 shares during the period. Hedge funds and other institutional investors own 55.87% of the company’s stock.

Ready Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 10.09%. The ex-dividend date is Monday, March 31st. Ready Capital’s dividend payout ratio (DPR) is presently -142.86%.

Ready Capital Company Profile

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.