
RC Stock Forecast & Price Target
RC Analyst Ratings
Bulls say
Ready Capital Corp has demonstrated a significant ability to generate capital through its recent loan sales, specifically the $494 million multifamily bridge loans that produced net proceeds of $85 million, indicating strong liquidity management. Despite an increase in non-accrual loans to 88.4%, the environment for increased originations is perceived to be improving, suggesting potential for growth in the company's core lending activities. With the majority of revenue coming from the LMM Commercial Real Estate segment, this improving market sentiment could enhance Ready Capital's overall financial stability and performance in the near term.
Bears say
Ready Capital Corporation is experiencing a decline in cash yield, which has decreased to 5.3% from 5.7% in the previous quarter, indicating potential challenges in revenue generation. The company's earnings estimates are anticipated to fall below the dividend payouts, resulting in a projected decline in tangible book value (TBV) to $9.40 by the end of 2025, down from $10.14 in the second quarter, reflecting a 20% year-over-year decrease. Additionally, the company faces significant risk factors such as credit deterioration, reduced financing availability, increased financing costs, and lower-than-expected loan originations, all contributing to a negative outlook.
This aggregate rating is based on analysts' research of Ready Capital Corp and is not a guaranteed prediction by Public.com or investment advice.
RC Analyst Forecast & Price Prediction
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