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Ready Capital Corporation - RC STOCK NEWS

Welcome to our dedicated page for Ready Capital Corporation news (Ticker: RC), a resource for investors and traders seeking the latest updates and insights on Ready Capital Corporation stock.

Ready Capital Corporation (NYSE: RC) is a leading real estate finance company based in the United States. The company focuses on originating, acquiring, financing, and servicing a variety of loan products, including small balance commercial (SBC) loans, Small Business Administration (SBA) loans, and residential mortgage loans. Ready Capital also invests in mortgage-backed securities primarily collateralized by SBC loans or other real estate-related investments.

The company operates through four main segments:

  • Acquisitions: This segment specializes in acquiring both performing and non-performing SBC loans.
  • SBC Originations: In this segment, Ready Capital originates SBC loans secured by stabilized or transitional investor properties. They use various loan origination channels and also offer multi-family loan products.
  • SBA Originations, Acquisitions, and Servicing: This segment focuses on acquiring, originating, and servicing owner-occupied loans that are guaranteed by the SBA.
  • Residential Mortgage Banking: This segment deals with the origination of residential mortgage loans.

Ready Capital is known for its diversified approach, leveraging its expertise across multiple loan types to achieve strong financial performance. Headquartered in New York, New York, the company employs over 600 lending professionals nationwide. Recent achievements include significant growth in loan origination volumes and strategic acquisitions aimed at enhancing the company’s portfolio and market position.

Ready Capital’s commitment to robust financial health is evident in its ongoing projects and partnerships. The company continuously seeks innovative solutions to meet the dynamic needs of its clients. Whether dealing with small business loans or substantial real estate investments, Ready Capital remains a pivotal player in the real estate finance sector.

Rhea-AI Summary
Ready Capital Corporation (NYSE: RC) will release its Q3 2023 financial results on November 7, 2023. A webcast and conference call will be held on November 8, 2023, to discuss the results. The webcast can be accessed on the company's website, and the conference call can be accessed by dialing the provided numbers. A replay of the call will be available on the website.
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Ready Capital Corporation announces new financing products following a successful merger with Broadmark Realty Capital. The Small Balance Construction and Residential Finance program provides loans from $5 million to $20 million for multifamily, Build-to-Rent, and lot development projects. The program will focus on high-growth target markets in the Sun Belt, Midwest, and Pacific Northwest.
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Waterfall Asset Management is expanding its insurance asset management business, forming a dedicated team to provide tailored investment solutions to insurers. The expansion will be overseen by Leo Wong and Tim Nabors, who brings over 25 years of experience in managing investments in the mortgage securities and whole loan spaces for US-based insurance companies.
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Ready Capital Corporation declares quarterly cash dividends for common stock and preferred stock.
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Ready Capital Corporation reported financial results for Q2 2023, with GAAP earnings per common share of $1.87 and distributable earnings per common share of $0.36. The company completed a merger with Broadmark Realty Capital, resulting in the creation of the 4th largest commercial mortgage REIT. They also announced a $100 million stock repurchase program and declared dividends of $0.40 per share in cash. Net book value per share of common stock was $14.52 as of June 30, 2023.
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Ready Capital partners with Esusu to offer rent reporting services to borrowers and tenants, benefiting renters and property owners.
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FAQ

What is the current stock price of Ready Capital Corporation (RC)?

The current stock price of Ready Capital Corporation (RC) is $7.27 as of December 23, 2024.

What is the market cap of Ready Capital Corporation (RC)?

The market cap of Ready Capital Corporation (RC) is approximately 1.2B.

What does Ready Capital Corporation specialize in?

Ready Capital Corporation specializes in originating, acquiring, financing, and servicing small balance commercial (SBC) loans, Small Business Administration (SBA) loans, and residential mortgage loans.

What are the main segments of Ready Capital Corporation?

The main segments of Ready Capital Corporation are Acquisitions, SBC Originations, SBA Originations, Acquisitions, and Servicing, and Residential Mortgage Banking.

Where is Ready Capital Corporation headquartered?

Ready Capital Corporation is headquartered in New York, New York.

How many professionals does Ready Capital employ?

Ready Capital employs over 600 lending professionals nationwide.

What type of loans does the SBC Originations segment focus on?

The SBC Originations segment focuses on originating SBC loans secured by stabilized or transitional investor properties and multi-family loan products.

What is the role of the Acquisitions segment in Ready Capital Corporation?

The Acquisitions segment acquires both performing and non-performing SBC loans.

What is unique about the SBA Originations, Acquisitions, and Servicing segment?

This segment specializes in acquiring, originating, and servicing owner-occupied loans that are guaranteed by the SBA.

What kind of projects and partnerships is Ready Capital involved in?

Ready Capital is involved in projects and partnerships that focus on innovative solutions to meet dynamic client needs in various loan types including SBC, SBA, and residential mortgage loans.

What recent achievements has Ready Capital Corporation accomplished?

Recent achievements include significant growth in loan origination volumes and strategic acquisitions to enhance the company’s portfolio and market position.

How does Ready Capital Corporation maintain its financial health?

Ready Capital maintains its financial health by diversifying its loan portfolio, leveraging expertise across multiple loan types, and continuously seeking innovative solutions for its clients.

Ready Capital Corporation

NYSE:RC

RC Rankings

RC Stock Data

1.22B
166.71M
1%
61.4%
11.84%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK