Ready Capital Corporation (RC) AI Stock Analysis

Ready Capital Corporation operates as a real estate finance company in the United States. It acquires, originates, manages, services, and finances real estate-related investments, including small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage-backed securities collateralized by SBC loans. The company operates through three segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. As a real estate investment trust, it distributes at least 90% of its taxable income to shareholders.

Ready Capital reported revenue of $383.4M in FY2021, $383.3M in FY2022, and $389.9M in FY2023. Revenue fell to $27.4M in FY2024 before increasing to $499.5M in FY2025, delivering a 5-year revenue CAGR of 13.1%. Net income decreased from $157.7M in FY2021 to net losses of -$435.8M in FY2024 and -$228.9M in FY2025. In FY2025, gross margin was 87.7% and operating margin was 24.2%. For the latest quarter ended June 30, 2026, quarterly revenue growth was 1.0% year-over-year, quarterly earnings growth was 305.3% year-over-year, and trailing twelve months EPS was -$3.31.

As of June 30, 2026, Ready Capital had $124.1M in cash and short-term investments and $4.66B in total debt, resulting in net debt of $4.54B. Shareholders' equity was $1.25B, and total assets stood at $6.26B. The company recorded a current ratio of 0.28 and a debt-to-equity ratio of 3.74. In FY2025, operating cash flow was -$203.5M and free cash flow was -$203.5M. Cash allocations in FY2025 included $2.4M for capital expenditures, $67.6M for share buybacks, and $113.3M for dividends paid.

Ready Capital trades at a forward P/E of 7.1x, below the 23.5x median of its US-listed Real Estate peers. Its EV to EBITDA stands at 16.0x compared to the peer median of 14.7x, and its price-to-sales multiple is 5.9x versus the peer median of 3.7x. The company's price-to-book ratio is 0.2x. Over the past year, Ready Capital's stock declined 65.6%, while the S&P 500 (SPY) returned 16.8%. Over a 5-year period, the stock fell 87.3% compared to an 83.0% gain for SPY.

Ready Capital pays a quarterly dividend with an annual forward dividend of $0.04 per share, translating to a dividend yield of 3.64%. The payout ratio is 85.0%. The company has paid dividends for 14 consecutive years, though its 5-year annualized dividend growth is -21.6%. The last ex-dividend date was September 30, 2026.

Wall Street analysts hold 0 Strong Buy, 0 Buy, 6 Hold, 1 Sell, and 0 Strong Sell ratings on the stock. The mean price target is $1.50, representing 36.4% upside compared to the last close of $1.10. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$2.40 on revenue of $351.1M. Over the last 4 quarters, Ready Capital beat EPS estimates 1 time. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Ready Capital Corporation (RC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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