Ready Capital (RC)

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Ready Capital: 9% Senior Notes Might Be Worth Pursuing
Seeking Alpha· 2024-12-04 15:52
Group 1 - The Conservative Income Portfolio aims to target value stocks with high margins of safety while reducing volatility through well-priced options [1] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] Group 2 - The analysis of Ready Capital (NYSE: RC) has concentrated on the company's challenges and its efforts to achieve a clean balance sheet [2] - The forecast of distribution cuts for investors was accurately predicted [2]
Ready Capital Corporation Announces Public Offering of Senior Notes Due 2029
GlobeNewswire News Room· 2024-12-03 13:55
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it is commencing an underwritten public offering of senior unsecured notes due 2029 (the “Notes”). The Company intends to use the net proceeds from this offering to originate or acquire target assets consistent with its investment strategy and for general corporate purposes. The maturity, interest rate and other terms of the Notes will be determined at the time of pricing ...
Ready Capital (RC) - 2024 Q3 - Quarterly Report
2024-11-12 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Commission File Number: 001-35808 READY CAPITAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Maryland 90-0729143 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 1251 Avenue of the Americas, 50th Floor, New York, NY 10020 ...
Ready Capital (RC) - 2024 Q3 - Earnings Call Transcript
2024-11-08 16:43
Ready Capital Corporation (NYSE:RC) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Andrew Ahlborn - Chief Financial Office Thomas Capasse - Chief Executive Officer Andrew Ahlborn - Chief Credit Officer Adam Zausmer - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler Douglas Harter - UBS Jade Rahmani - KBW Stephen Laws - Raymond James Christopher Nolan - Landenburg Thalmann Matt Howlett - B. Riley Securities Operator Greetings, and welcome to th ...
Here's What Key Metrics Tell Us About Ready Capital (RC) Q3 Earnings
ZACKS· 2024-11-08 01:31
Ready Capital (RC) reported $50.97 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 13.6%. EPS of $0.25 for the same period compares to $0.28 a year ago.The reported revenue represents a surprise of -15.28% over the Zacks Consensus Estimate of $60.16 million. With the consensus EPS estimate being $0.23, the EPS surprise was +8.70%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...
Ready Capital (RC) Q3 Earnings Surpass Estimates
ZACKS· 2024-11-08 00:45
Ready Capital (RC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.70%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.26 per share when it actually produced earnings of $0.07, delivering a surprise of -73.08%.Over the last four quart ...
Ready Capital (RC) - 2024 Q3 - Quarterly Results
2024-11-07 21:28
Exhibit 99.1 READY CAPITAL CORPORATION REPORTS THIRD QUARTER 2024 RESULTS - GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.07) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $(0.28) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES OF $0.25 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY BEFORE REALIZED LOSSES OF 8.4% - New York, New York, November 7, 2024 / Globe Newswire / – Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy re ...
Ready Capital Corporation Announces Third Quarter 2024 Results and Webcast Call
GlobeNewswire News Room· 2024-10-31 20:19
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its third quarter 2024 financial results after the New York Stock Exchange closes on Thursday, November 7, 2024. Management will host a webcast and conference call on Friday, November 8, 2024 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended September 30, 2024. Webcast:The Company encourages use of ...
Ready Capital: When Is The Final Dividend Cut?
Seeking Alpha· 2024-10-16 13:59
Ready Capital's (NYSE: RC ) most recent quarterly dividend at $0.25 per share , was a significant 25% reduction from its prior distribution. Its annualized distribution now stands at $1 per share, down from $1.44 per share a year ago. The mREIT The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, hig ...
Is the Options Market Predicting a Spike in Ready Capital (RC) Stock?
ZACKS· 2024-10-04 14:25
Investors in Ready Capital Corporation (RC) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $2.50 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It cou ...