Raymond James analyst Stephen Laws maintained a Buy rating on Ready Capital (NYSE:RC) Corporation on Wednesday, setting a price target of $16.5, which is approximately 13.48% above the present share price of $14.54.
Laws expects Ready Capital Corporation to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Ready Capital, with an average price target of $16.
The analysts price targets range from a high of $16.5 to a low of $15.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $88.1 million and a net profit of $0. The company's market cap is $1.04 billion.
According to TipRanks.com, Raymond James analyst Stephen Laws is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.6% and a 68.56% success rate.
Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. The company operates in four segments: SBC Originations, SBA Originations, Acquisitions & Servicing, Loan Acquisitions and Residential Mortgage Banking. The SBC Originations segment originate SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels through its wholly-owned subsidiary, ReadyCap Commercial, LLC. The SBA Originations, Acquisitions & Servicing segment acquires, originates and services owner-occupied loans guaranteed by the SBA its wholly-owned subsidiary, ReadyCap Lending, LLC. The Loan Acquisitions segment acquires performing and non-performing SBC loans and intends to continue to acquire these loans as part of its business strategy. The Residential Mortgage Banking segment through its wholly-owned subsidiary, GMFS, LLC originates residential mortgage loans eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac (OTC:FMCC), FHA, USDA and VA through retail, correspondent and broker channels. Ready Capital was founded in 2011 and is headquartered in New York, NY.