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Ready Capital Corporation (RC) |
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Price: $10.5000
$0.28 
2.740%
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| Day's High:
| $10.52
| Week Perf:
| 4.58 %
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| Day's Low: |
$ 10.11 |
30 Day Perf: |
10.41 % |
| Volume (M): |
1,162 |
52 Wk High: |
$ 13.63 |
| Volume (M$): |
$ 12,197 |
52 Wk Avg: |
$10.97 |
| Open: |
$10.19 |
52 Wk Low: |
$9.19 |
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| Market Capitalization (Millions $) |
1,832 |
| Shares
Outstanding (Millions) |
174 |
| Employees |
400 |
| Revenues (TTM) (Millions $) |
660 |
| Net Income (TTM) (Millions $) |
371 |
| Cash Flow (TTM) (Millions $) |
-7 |
| Capital Exp. (TTM) (Millions $) |
14 |
Ready Capital Corporation
Ready Capital Corporation is a leading finance company that provides flexible and efficient financing solutions to small and mid-sized businesses across a wide range of industries. The company was founded in 2010 and is headquartered in New York City, with additional offices across the United States.
Ready Capital offers a variety of lending products such as SBA loans, commercial real estate loans, bridge loans, and asset-based lending. One of their most popular products is the SBA 7(a) loan, which provides small businesses with up to $5 million in financing for working capital, real estate purchases, and more. Their commercial real estate loans range from $1 million to $25 million and can be used for acquisitions, refinancing, and construction financing.
The company's bridge loan program offers short-term financing for businesses that need to close quickly or don't qualify for traditional bank loans. Ready Capital also has a specialty finance group that provides funding for industries such as healthcare, technology, and hospitality.
In addition to their various lending products, Ready Capital offers a suite of value-added services such as loan servicing, underwriting, and asset management. They also have a proprietary technology platform that streamlines the application and funding process, allowing for quick turnaround times and efficient communication between borrowers and lenders.
Ready Capital has a strong track record of success, having originated over $1 billion in loans since their inception. They have a team of experienced professionals who understand the needs of small and mid-sized businesses and are dedicated to providing personalized and innovative financing solutions.
Overall, Ready Capital Corporation is a well-respected and trusted finance company that plays a critical role in helping businesses access the capital they need to grow and thrive.
Company Address: 1251 Avenue of the Americas, 50th Floor New York 10020 NY
Company Phone Number: 257-4600 Stock Exchange / Ticker: NYSE RC
| RC is expected to report next financial results on February 27, 2024. |
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| Stock Performances by Major Competitors |
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Power Reit
Power Reit, a Real Estate Investment Trusts company, recently reported disappointing financial results for the July to September 30, 2023 time-frame. The company's revenue experienced a significant decline of 75.666%, reaching only $0.49 million. Additionally, the shortfall per share increased to $-3.01 from the same reporting season a year ago. This drastic decrease in business stands in stark contrast to the average revenue growth observed in the Real Estate Investment Trusts industry during the same period.
In comparison to the preceding reporting season, where the company had a shortfall per share of $-0.69 and revenue of $0.22 million, Power Reit saw a sequential revenue increase of 124.202%. However, despite this increase, the company still experienced a net shortfall of $-10.023 million for the financial third quarter of 2023, compared to zero gains during the same reporting season the previous year.
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Calethos Inc
Following the recent reports from bellwethers in the Real Estate Investment Trusts (REITs) industry, attention is shifting to some overlooked corporations, including RSRT and Calethos Inc., as they prepare to release their financial results. RSRT has recently announced an operating shortfall of $-0.092 million for the third quarter of 2023. As the corporation continues to develop, shareholders eagerly await the implementation of a new business model as soon as possible, as they do not solely rely on the current productivity improvements at the company.
Despite the current circumstances, it is important to note that profitability has a minimal impact on the organization. In fact, RSRT suffered a deficit of $-0.098 million in the third quarter of 2023, despite its profitability in the same period of 2022. These figures highlight the volatility and unpredictability of the REITs industry, where market conditions and a company's specific situation can greatly impact their financial outcomes.
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Empire State Realty Op L P
Over the course of the last five trading days, Empire State Realty Op L P shares have experienced a decline of -2.39%. This brings their year-to-date performance to a positive 24.92%. Currently, Empire State Realty Op L P shares are trading on the NYSEArca at a value that is 13.8% above its 52-week average.
Despite the recent decline in share value, Empire State Realty Op L P posted very strong profitability numbers in the fiscal third quarter of 2023. During this period, their income per share increased significantly by 133.33% to $0.07 per share. Additionally, their revenue grew moderately by 4.253% to $191.53 million compared to the same reporting season the previous year.
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Strawberry Fields Reit Inc
In a world of uncertainty, one sector remains steadfast and reliable ? the stock market. And within the realm of the stock market, Real Estate Investment Trusts (REITs) have always been a safe bet for investors. Today, we bring you some exciting news about a particular REIT company that experienced mixed earnings in the most recent fiscal period.
Strawberry Fields REIT Inc, known for its dedication to growth and innovation, reported a fascinating set of earnings. While revenue increased by a remarkable 6.338% to $25.77 million compared to the prior year, there was a slight decline in earnings per share, which dropped by -47.06% to $0.09 per share.
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Umh Properties Inc
UMH Properties Inc, a Real Estate Investment Trust (REIT) company, disappointed investors with its fiscal third quarter (Q3) 2023 financial results. Despite a marginal improvement in revenue, the company reported a significant increase in losses compared to the previous quarter. Moreover, UMH Properties Inc's underperformance relative to its sector peers and its low stock performance raise concerns about its future prospects.
Unimpressive Financial Performance
UMH Properties Inc recorded a loss per share of $-0.09 in Q3 2023, showing a slight improvement from the previous year's $-0.18 loss per share. However, this improvement is overshadowed by the fact that the company's losses increased from $-0.07 per share compared to the prior quarter. These results indicate a lack of operational efficiency and suggest that the company is struggling to control its costs effectively.
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| Per Share |
Current |
| Earnings (TTM) |
2.42 $ |
| Revenues (TTM) |
3.78 $
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| Cash Flow (TTM) |
- |
| Cash |
1.04 $
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| Book Value |
15.43 $
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| Dividend (TTM) |
1.56 $ |
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| Per Share |
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| Earnings (TTM) |
2.42 $
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| Revenues (TTM) |
3.78 $ |
| Cash Flow (TTM) |
- |
| Cash |
1.04 $
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| Book Value |
15.43 $ |
| Dividend (TTM) |
1.56 $ |
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