Centaurus Financial Inc. purchased a new position in Ready Capital Co. (NYSE:RC – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,869 shares of the real estate investment trust’s stock, valued at approximately $111,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Swiss National Bank boosted its position in Ready Capital by 1.9% in the 3rd quarter. Swiss National Bank now owns 356,956 shares of the real estate investment trust’s stock worth $3,609,000 after purchasing an additional 6,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Ready Capital by 15.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,553 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,527 shares in the last quarter. Deutsche Bank AG boosted its position in Ready Capital by 12.6% in the 3rd quarter. Deutsche Bank AG now owns 80,375 shares of the real estate investment trust’s stock worth $813,000 after purchasing an additional 8,971 shares in the last quarter. Wolverine Asset Management LLC boosted its position in Ready Capital by 23.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 10,605 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Ready Capital by 4.2% in the 3rd quarter. Invesco Ltd. now owns 1,756,701 shares of the real estate investment trust’s stock worth $17,760,000 after purchasing an additional 70,476 shares in the last quarter. Institutional investors and hedge funds own 55.87% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gilbert E. Nathan bought 10,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was acquired at an average cost of $8.29 per share, with a total value of $82,900.00. Following the purchase, the director now directly owns 95,249 shares of the company’s stock, valued at $789,614.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

RC has been the topic of several recent research reports. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Ready Capital in a research report on Monday, March 4th. BTIG Research decreased their target price on Ready Capital from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. B. Riley reiterated a “buy” rating and set a $12.00 target price (down previously from $13.00) on shares of Ready Capital in a research report on Monday, March 4th. LADENBURG THALM/SH SH lowered Ready Capital from a “buy” rating to a “neutral” rating in a research report on Friday, May 10th. Finally, UBS Group decreased their target price on Ready Capital from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Ready Capital currently has a consensus rating of “Hold” and a consensus price target of $10.93.

Get Our Latest Research Report on Ready Capital

Ready Capital Trading Down 1.5 %

Shares of RC stock opened at $8.40 on Thursday. The stock’s fifty day moving average is $8.50 and its two-hundred day moving average is $9.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $1.41 billion, a P/E ratio of 5.22 and a beta of 1.42. Ready Capital Co. has a fifty-two week low of $7.93 and a fifty-two week high of $11.97.

Ready Capital (NYSE:RC – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $232.35 million for the quarter, compared to analyst estimates of $64.34 million. Ready Capital had a return on equity of 8.11% and a net margin of 23.81%. During the same quarter last year, the firm posted $0.31 EPS. Research analysts expect that Ready Capital Co. will post 1.17 earnings per share for the current fiscal year.

Ready Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.29%. The ex-dividend date is Friday, June 28th. Ready Capital’s dividend payout ratio (DPR) is presently 74.53%.

About Ready Capital

(Free Report)

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.

See Also

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