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Ready Capital Corporation (RC)

Real Estate | REIT - Mortgage | New York, United States | NYSE
1.83 USD -0.02 (-1.081%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 1.86 +0.03 (1.639%) ⇧ (Aug. 28, 2026, 7:30 p.m. EDT)

Short-term:★☆☆☆☆Long-term:⯪☆☆☆☆Dividends:★☆☆☆☆
Hot Take | Aug. 22, 2026, 5:22 a.m. EDT

The investment case for Ready Capital is effectively broken by a catastrophic collapse in business fundamentals. The company is reporting distributable losses, negative revenue, and a return on equity of -33%, while trading at a negative price-to-book ratio. This is not a temporary setback; the price history confirms a brutal multi-year decline, dropping nearly 71% over the last nine years with four consecutive years of negative annual returns. The balance sheet is dangerously leveraged with debt-to-equity exceeding 350x, and the payout ratio of 91% suggests the dividend is being funded by burning through remaining capital rather than sustainable earnings. While the stock trades at a low absolute price, it is a value trap where the market has correctly priced the deteriorating asset quality. The options market reinforces this bearish view, with traders buying deep out-of-the-money puts to hedge against further drops, while call activity is virtually non-existent. There is no catalyst visible to reverse this structural decline, making this a security to avoid entirely.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.065265
AutoETS0.065304
AutoTheta0.068404
MSTL0.070195

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 37%
H-stat 3.22
Ljung-Box p 0.000
Jarque-Bera p 0.368
Excess Kurtosis -0.97
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 351.205
Revenue per Share -1.653
Market Cap 302,885,120
Forward P/E -2.61
Beta 1.50
Website https://www.readycapital.com

As of Aug. 22, 2026, 5:22 a.m. EDT: Speculators are overwhelmingly positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes at 1.0 and 1.5) compared to negligible call volume. Implied volatility is significantly higher for puts (ranging from 0.95x to 4.47x) than calls (0.50x to 1.64x), indicating the market prices in a high probability of further decline rather than a rebound.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.57% 4.88% 10.19% 11.62%
Dividend History
Date Dividend Yield %
2026-06-30 0.010 0.571429
2026-03-31 0.010 0.617284
2025-12-31 0.010 0.458716
2025-09-30 0.125 3.229974
2025-06-30 0.125 2.860412
2025-03-31 0.125 2.455796
2024-12-31 0.250 3.665689
2024-09-30 0.250 3.276540
2024-06-28 0.300 3.667482
2024-03-27 0.300 3.359462
2023-12-28 0.300 2.849003
2023-09-28 0.360 3.546798
2023-06-29 0.140 1.241135
2023-05-26 0.260 2.471483
2023-03-30 0.400 4.073320
2022-12-29 0.400 3.577817
2022-09-29 0.420 4.307692
2022-06-29 0.420 3.553300
2022-03-30 0.420 2.750491
2021-12-30 0.420 2.707930
2021-09-29 0.420 2.866894
2021-06-29 0.420 2.673456
2021-04-01 0.100 0.738007
2021-03-12 0.300 2.008032
2020-12-30 0.350 2.838605
2020-09-29 0.300 2.742230
2020-06-29 0.250 2.844141
2020-03-30 0.400 5.917160
2019-12-30 0.400 2.605863
2019-09-27 0.400 2.512563
2019-06-27 0.400 2.710027
2019-03-27 0.400 2.663116
2018-12-28 0.400 2.883922
2018-09-27 0.400 2.416919
2018-06-28 0.400 2.453988
2017-12-28 0.370 2.426230
2017-09-28 0.370 2.341772
2017-06-28 0.370 2.491582
2017-03-29 0.370 2.551724
2016-12-28 0.350 2.621723
2016-09-28 0.400 2.762431
2016-06-28 0.400 2.923977
2016-03-29 0.400 2.680965
2015-12-29 0.400 2.650762
2015-09-28 0.400 2.980626
2015-06-26 0.400 2.415459
2015-03-27 0.400 2.257336
2014-12-29 0.400 2.274019
2014-09-26 0.400 2.302821
2014-06-26 0.400 2.463054
2014-03-27 0.400 2.408188
2013-12-27 0.950 5.882353
2013-09-26 0.500 2.878526
2013-07-05 0.450 2.595156
2013-05-22 0.220 1.113924
Additional Data
dividendRate 0.04
dividendYield 2.16
exDividendDate 2026-06-30
trailingAnnualDividendRate 0.155
trailingAnnualDividendYield 0.08378378
lastDividendValue 0.01
lastDividendDate 2026-06-30
dividendDate 2026-07-31

Info Dump

Attribute Value
52 Week Change -0.56674474
Address1 1,251 Avenue of the Americas
Address2 50th Floor
All Time High 21.0
All Time Low 1.39
Ask 1.85
Ask Size 21,200
Audit Risk 5
Average Analyst Rating 3.1 - Hold
Average Daily Volume10 Day 1,104,600
Average Daily Volume3 Month 1,376,577
Average Volume 1,376,577
Average Volume10Days 1,104,600
Beta 1.498
Bid 1.84
Bid Size 1,900
Board Risk 8
Book Value 6.827
City New York
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 9
Country United States
Crypto Tradeable 0
Currency USD
Current Price 1.83
Current Ratio 6.463
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 1.89
Day Low 1.795
Debt To Equity 351.205
Display Name Ready Capital
Dividend Date 1,785,456,000
Dividend Rate 0.04
Dividend Yield 2.16
Earnings Call Timestamp End 1,786,105,800
Earnings Call Timestamp Start 1,786,105,800
Earnings Timestamp 1,786,046,400
Earnings Timestamp End 1,793,908,800
Earnings Timestamp Start 1,793,908,800
Ebitda Margins 0.0
Enterprise To Revenue -19.014
Enterprise Value 5,139,562,496
Eps Current Year -2.14872
Eps Forward -0.70042
Eps Trailing Twelve Months -3.39
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.672
Fifty Day Average Change 0.15799999
Fifty Day Average Change Percent 0.0944976
Fifty Two Week Change Percent -56.674473
Fifty Two Week High 4.47
Fifty Two Week High Change -2.6399999
Fifty Two Week High Change Percent -0.590604
Fifty Two Week Low 1.39
Fifty Two Week Low Change 0.44000006
Fifty Two Week Low Change Percent 0.3165468
Fifty Two Week Range 1.39 - 4.47
Financial Currency USD
First Trade Date Milliseconds 1,360,333,800,000
Five Year Avg Dividend Yield 14.14
Float Shares 145,614,208
Forward Eps -0.70042
Forward P E -2.612718
Full Exchange Name NYSE
Full Time Employees 442
Fullday Change -0.02
Fullday Change Percent -1.08108
Fullday Price 1.86
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.0
Gross Profits -303,800,000
Has Pre Post Market Data 1
Held Percent Insiders 0.10583
Held Percent Institutions 0.59031
Implied Shares Outstanding 165,510,997
Industry REIT - Mortgage
Industry Disp REIT - Mortgage
Industry Key reit-mortgage
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.01
Last Fiscal Year End 1,767,139,200
Long Business Summary Ready Capital Corporation operates as a real estate finance company in the United States. The company operates through two segments: LMM Commercial Real Estate and Small Business Lending. Its LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and originates, and services USDA loans, as well as small business loans. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, USDA loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments. It has elected to be taxed as a real estate investment trust (REIT) and 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.
Long Name Ready Capital Corporation
Market us_market
Market Cap 302,885,120
Market State CLOSED
Max Age 86,400
Message Board Id finmb_59235375
Most Recent Quarter 1,782,777,600
Net Income To Common -564,691,008
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 305,603,335
Number Of Analyst Opinions 3
Open 1.82
Operating Cashflow 1,089,211,008
Operating Margins 3.49967
Overall Risk 9
Payout Ratio 0.9128
Peg Ratio 2.74
Phone 212 257 4600
Post Market Change 0.029999971
Post Market Change Percent 1.6393427
Post Market Price 1.86
Post Market Time 1,787,959,806
Previous Close 1.85
Price Eps Current Year -0.85166985
Price Hint 4
Price To Book 0.26805332
Price To Sales Trailing12 Months -1.120506
Profit Margins 0.0
Quick Ratio 5.377
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.14286
Region US
Regular Market Change -0.02
Regular Market Change Percent -1.08108
Regular Market Day High 1.89
Regular Market Day Low 1.795
Regular Market Day Range 1.795 - 1.89
Regular Market Open 1.82
Regular Market Previous Close 1.85
Regular Market Price 1.83
Regular Market Time 1,787,947,203
Regular Market Volume 977,143
Return On Assets -0.070539996
Return On Equity -0.33449
Revenue Per Share -1.653
Sand P52 Week Change 0.20504117
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 9
Shares Outstanding 165,190,992
Shares Percent Shares Out 0.1109
Shares Short 18,323,541
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 23,047,554
Short Name Ready Capital Corporation
Short Percent Of Float 0.11270001
Short Ratio 14.13
Source Interval 15
State NY
Symbol RC
Target High Price 2.0
Target Low Price 1.4
Target Mean Price 1.8
Target Median Price 2.0
Total Cash 127,250,000
Total Cash Per Share 0.77
Total Debt 4,742,104,064
Total Revenue -270,311,008
Tradeable 0
Trailing Annual Dividend Rate 0.155
Trailing Annual Dividend Yield 0.08378378
Trailing Eps -3.39
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.9092
Two Hundred Day Average Change -0.07919991
Two Hundred Day Average Change Percent -0.041483298
Type Disp Equity
Volume 977,143
Website https://www.readycapital.com
Zip 10,020