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Ready Capital Corp - RC STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ready Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ready Capital's position in the market.

News
Ready Capital Corporation Declares First Quarter 2024 Dividends
Rhea-AI Summary
Ready Capital (RC) declares quarterly cash dividends for common stock and preferred stocks, with $0.30 per share for common stock, $0.390625 per share for Series C Preferred Stock, and $0.40625 per share for Series E Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
dividends earnings
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News
Ready Capital Corporation Reports Fourth Quarter 2023 Results
Rhea-AI Summary
Ready Capital Corporation (RC) reported GAAP earnings per common share of $0.12 and distributable earnings per common share of $0.26, achieving a distributable return on average stockholders' equity of 7.5%. The company highlighted total investments of $449 million in the fourth quarter, with significant LMM and SBA 7(a) originations. Ready Capital also completed a merger with Broadmark Realty Capital Inc., initiated a stock repurchase program, and reported a net book value of $14.10 per share as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.93%
Tags
earnings
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News
Ready Capital Corporation Announces Fourth Quarter and Full Year 2023 Results and Webcast Call
Rhea-AI Summary
Ready Capital Corporation (RC) will release its Q4 and full year 2023 financial results on February 27, 2024. A webcast and conference call will follow the next day to discuss the results and provide a business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
earnings
News
Commercial Real Estate Leaders Ethan Penner and Chad Carpenter Launch Reven Office REIT to Finance U.S. Office Properties
Rhea-AI Summary
Ethan Penner and Chad Carpenter announced the launch of Reven Office REIT, a U.S. office-focused real estate finance company aiming to raise $1 billion through a lead investor and a blind pool IPO. The company plans to provide financing solutions for office owners and investors, with a focus on first mortgages, mezzanine debt, and preferred equity. Reven Office REIT also plans to invest in distressed office debt and properties at attractive discounts, leveraging market dislocations. The company aims to capitalize on the current office market dislocation and a growing demand for financing, with a focus on institutional-quality Class A office properties in top markets. The company's leadership includes Ethan Penner as Chairman of the Board and Chad Carpenter as CEO, both with extensive experience in real estate and finance. The company aims to leverage its industry relationships to build a robust investment pipeline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
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News
Ready Capital Exceeds $1 Billion in Affordable Multifamily Loan Closings During 2023
Rhea-AI Summary
Ready Capital Corporation (NYSE: RC) announced that its Affordable Multifamily division hit record volumes of approximately $1.1 billion in 2023, up more than 25% year-over-year. The division facilitated the preservation and creation of almost 6,000 affordable apartment homes across the United States through innovative financial products and services. Cody Langeness, Head of Affordable Multifamily, highlighted the speed and certainty of their underwriting, approvals, and closing process, as well as the potential for development growth in 2024 due to lower interest rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
none
-
News
Ready Capital Corporation Declares Fourth Quarter 2023 Dividends
Rhea-AI Summary
Ready Capital Corporation (NYSE:RC) declared a quarterly cash dividend of $0.30 per share of common stock for the quarter ended December 31, 2023. The dividend is payable on January 31, 2024, reflecting the impact of lower leverage and portfolio yield compression due to the ongoing integration of the Broadmark portfolio. The company expects earnings to migrate towards historical return targets over the course of 2024 as increased liquidity is deployed into current market yields and underperforming assets in the Broadmark portfolio are repositioned into the company’s proven loan origination and acquisition products. Additionally, the company declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock and its 6.50% Series E Cumulative Redeemable Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.97%
Tags
dividends earnings
News
Ready Capital Expands Partnership with Esusu, Donates to the Stable Home Fund
Rhea-AI Summary
Ready Capital Corporation (NYSE:RC) strengthens partnership with Esusu by donating to the Stable Home Fund, a 501(c)(3) charity providing rent relief funds for US renters in financial distress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.23%
Tags
partnership
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News
Red Stone Tax Exempt Funding Assumes Ready Capital Brand
Rhea-AI Summary
Ready Capital Corporation (NYSE: RC) announced that Red Stone Tax Exempt Funding has rebranded to Ready Capital after a successful 2022 with over $730 million in origination volume. The company aims to maintain or exceed this level in 2023, focusing on providing affordable lending products for multifamily affordable housing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.99%
Tags
none
-
News
Ready Capital Corporation Reports Third Quarter 2023 Results
Rhea-AI Summary
Ready Capital Corporation (NYSE: RC) Reports Solid Q3 2023 Financial Results, Expecting Earnings Growth in Upcoming Quarters
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
earnings
News
Ready Capital Corporation Announces Third Quarter 2023 Results and Webcast Call
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
Tags
earnings
Stock RC logo
Ready Capital Corp

NYSE:RC

RC Rankings

#2104 Ranked by Market Cap
#3546 Ranked by Stock Gains
#41 Ranked by Dividends

RC Stock Data

1.45B
170.93M
1.06%
57.83%
6.3%
Other Financial Vehicles
Finance and Insurance
Link
US
New York

About RC

ready capital corporation operates as a real estate finance company in the united states. the company originates, acquires, finances, and services small balance commercial (sbc) loans, small business administration (sba) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by sbc loans, or other real estate-related investments. it operates through four segments: acquisitions; sbc originations; sba originations, acquisitions and servicing; and residential mortgage banking. the acquisitions segment acquires performing and non-performing sbc loans. the sbc originations segment originates sbc loans secured by stabilized or transitional investor properties using various loan origination channels; and originates and services multi-family loan products. the sba originations, acquisitions and servicing segment acquires, originates, and services owner-occupied loans guaranteed by the sba. the residential mortgage banking segment originates reside