Stock RC READY CAPITAL CORPORATION
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Company Ready Capital Corporation

Equities

RC

US75574U1016

Specialized REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-31 pm EDT 		5-day change 1st Jan Change
8.3 USD +2.34% Intraday chart for Ready Capital Corporation -0.60% -19.02%
May. 13 Wedbush Adjusts Price Target on Ready Capital to $9 From $9.50, Maintains Neutral Rating MT
May. 10 Ladenburg Thalmann Downgrades Ready Capital to Neutral From Buy MT

Business Summary

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property including construction, bridge, stabilized and agency loan origination channels through its wholly owned subsidiary, ReadyCap Commercial, LLC. These originated loans are generally held-for-investment or placed into securitization structures. As part of this segment, it originates and services multi-family loan products under the Freddie Mac SBL program. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the Small Business Administration (SBA) under its SBA Section 7(a) Program through its wholly owned subsidiary, ReadyCap Lending, LLC.

Number of employees: 374

Sales per Business

USD in Million2022Weight2023Weight Delta
Lower-to-middle-market Commercial Real Estate
68.8 %
633 73.3 % 925 68.8 % +46.16%
Corporate - Other
15.7 %
1 0.1 % 210 15.7 % +25,253.61%
Small Business Lending
15.6 %
163 18.9 % 209 15.6 % +28.65%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
863 100.0 % 1,345 100.0 % +55.85%

Managers

Managers TitleAgeSince
Tom Capasse CEO
 Chief Executive Officer 67 -
Andrew Ahlborn DFI
 Director of Finance/CFO 40 14-12-31
Jack Ross PSD
 President 67 -
Gary Taylor COO
 Chief Operating Officer 65 19-04-02
David Kwitman PRN
 Corporate Officer/Principal - -
Richard Katzenstein PRN
 Corporate Officer/Principal - 21-12-05
Alex Ovalle SAM
 Sales & Marketing - 21-12-05
Adam Zausmer PRN
 Corporate Officer/Principal 46 21-07-14

Members of the board

Members of the board TitleAgeSince
Frank Filipps BRD
 Director/Board Member 76 13-12-31
Kevin Luebbers BRD
 Director/Board Member 57 23-05-30
Dominique Mielle BRD
 Director/Board Member 55 21-03-18
Jack Ross PSD
 President 67 -
Tom Capasse CEO
 Chief Executive Officer 67 -
Daniel Hirsch BRD
 Director/Board Member 50 23-05-30
Gil Nathan BRD
 Director/Board Member 44 19-03-28
J. Reese BRD
 Director/Board Member 65 -
Andrea Petro BRD
 Director/Board Member 72 20-06-30
Todd Sinai BRD
 Director/Board Member 54 15-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 4,600,000 0 0 98.94 %
Stock B 1 168,873,507 167,080,032 ( 98.94 %) 0
Stock C 0 335,000 0 0

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.19 %
26,208,071 15.19 % 228 M $
Vanguard Fiduciary Trust Co.
6.359 %
10,972,391 6.359 % 95 M $
Waterfall Asset Management LLC
4.247 %
7,329,222 4.247 % 64 M $
STATE STREET CORPORATION
3.580 %
6,177,767 3.580 % 54 M $
Waterfall Asset Management LLC
2.265 %
3,908,983 2.265 % 34 M $
Geode Capital Management LLC
2.073 %
3,577,241 2.073 % 31 M $
Invesco Advisers, Inc.
1.768 %
3,050,990 1.768 % 27 M $
Balyasny Asset Management LP
1.318 %
2,274,607 1.318 % 20 M $
Northern Trust Global Investments Ltd.
0.9359 %
1,614,917 0.9359 % 14 M $
Charles Schwab Investment Management, Inc.
0.8503 %
1,467,288 0.8503 % 13 M $
NameEquities%Valuation
RBC Capital Markets LLC
78.55 %
262,888 78.55 % 5 M $
Wells Fargo Clearing Services LLC
62.00 %
207,503 62.00 % 4 M $
Merrill Lynch, Pierce, Fenner & Smith, Inc.
28.74 %
96,188 28.74 % 2 M $
Boyd Watterson Asset Management LLC
0.0508 %
170 0.0508 % 3 077 $
NameEquities%Valuation
Holbrook Holdings, Inc.
20.48 %
941,916 20.48 % 17 M $

Company contact information

Ready Capital Corp.

1251 Avenue of the Americas 50th floor

10020-1104, New York

+212 257 4600

http://www.readycapital.com
address Ready Capital Corporation(RC)

Group companies

NameCategory and Sector
GMFS LLC
Logo GMFS LLC

GMFS LLC

Finance/Rental/LeasingFinance

GMFS LLC provides mortgage lending services. It offers home purchase, refinance, reverse mortgage and broker channel services. The firm also provides FNMA and freddie seller Services. The company was founded in 1999 and is headquartered in Baton Rouge, LA.

Finance/Rental/Leasing

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Specialized REITs
Mortgage REITs

Sales per Business

Ratings for Ready Capital Corporation

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
8.3 USD
Average target price
10 USD
Spread / Average Target
+20.48%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Mortgage REITs
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