Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
08 February 2013Website:
http://www.readycapital.comNext earnings report:
07 August 2024Last dividends:
28 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:34:00 GMTAnalysts recommendations
Institutional Ownership
RC Latest News
FORT LAUDERDALE, Fla. , June 24, 2024 /PRNewswire/ -- iBusiness Funding LLC (iBusiness), the technology and lending services division of Ready Capital Corporation (NYSE: RC), and Funding Circle Holdings plc are pleased to announce a share purchase agreement, positioning iBusiness Funding, LLC as the new owner of FC USA and its subsidiaries, contingent on the return of its Small Business Lending Company (SBLC) license to the SBA.
NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2024. This dividend is payable on July 31, 2024, to shareholders of record as of the close of business on June 28, 2024.
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that Tom Capasse, Ready Capital's Chairman and Chief Executive Officer, will present at REITweek 2024: Nareit's Investor Conference at the New York Hilton Midtown on Wednesday, June 5, 2024 at 2:00 p.m. Eastern Time.
NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital”) proudly announces a significant milestone for its non-bank SBA 7(a) subsidiary, ReadyCap Lending (RCL), as it closed $265.7 million of SBA 7(a) loans in the first four months of 2024. This achievement represents a remarkable 103% increase from the same period in the previous year, underscoring the success of its dual strategy catering to both large and small loans per SBA guidelines.
Ready Capital: Significant Reduction in Value of Broadmark Assets
Ready Capital: Inability To Stabilize Earnings Against Headwinds Makes It A Hold
Ready Capital Corporation (RC) Q4 2023 Earnings Call Transcript
What could be worse than two distribution cuts for Ready Capital? Would you believe that we may do a threepeat? The current distribution is not covered, and this quarter saw even more problems in the Broadmark loan book.
While the top- and bottom-line numbers for Ready Capital (RC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its fourth quarter and full year 2023 financial results after the New York Stock Exchange closes on Tuesday, February 27, 2024. Management will host a webcast and conference call on Wednesday, February 28, 2024 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter and year ended December 31, 2023.
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What type of business is Ready Capital?
Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.
What sector is Ready Capital in?
Ready Capital is in the Real Estate sector
What industry is Ready Capital in?
Ready Capital is in the Mortgage industry
What country is Ready Capital from?
Ready Capital is headquartered in United States
When did Ready Capital go public?
Ready Capital initial public offering (IPO) was on 08 February 2013
What is Ready Capital website?
https://www.readycapital.com
Is Ready Capital in the S&P 500?
No, Ready Capital is not included in the S&P 500 index
Is Ready Capital in the NASDAQ 100?
No, Ready Capital is not included in the NASDAQ 100 index
Is Ready Capital in the Dow Jones?
No, Ready Capital is not included in the Dow Jones index
When does Ready Capital report earnings?
The next expected earnings date for Ready Capital is 07 August 2024