Ready Capital

RC · NYSE

$1.18+$0.02 (+1.72%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $1.16

RC analyst rating

HoldConsensus of 3 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform1
Sell0

12-month price target · 6 analysts

Average $1.84 (+55.6% upside)

Low: $1.41
Now: $1.18
High: $2.10

Upgrades and downgrades

The latest rating actions, newest first

RC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Oct 9, 2026	Maintains	Underperform	$1.40 → $1.25	51%
Piper Sandler	Oct 9, 2026	Maintains	Neutral	$2.00 → $1.25	37%
UBS	Jul 16, 2026	Maintains	Neutral	$2.50 → $2.00	38%
Piper Sandler	Mar 2, 2026	Maintains	Neutral	$2.50 → $2.00	37%
Piper Sandler	Dec 22, 2025	Maintains	Neutral	$3.50 → $2.50	37%
UBS	Nov 14, 2025	Maintains	Neutral	$3.50 → $2.75	38%
Keefe, Bruyette & Woods	Nov 12, 2025	Maintains	Underperform	$3.50 → $2.50	51%

The case for and against

Updated Feb 2, 2026

Bull case

Ready Capital Corp's increasing loan sales, particularly the $494 million in multifamily bridge loans sold in August, demonstrate a strong capability in generating significant net proceeds, which boosts liquidity and supports operational flexibility. Despite a rise in non-accrual loans, the company identifies improving conditions for increased loan originations, indicating a potential rebound in the commercial lending environment. Furthermore, the company's focus on niche markets within small-balance commercial loans presents selective growth opportunities that could enhance its overall financial performance.

Bear case

Ready Capital Corp is facing a declining cash yield, which has dropped from 5.7% to 5.3% in the last quarter, indicating potential challenges in maintaining profitability. Furthermore, projections suggest that tangible book value (TBV) could decrease significantly to $9.40 by year-end 2025, down from $10.14 in the second quarter, reflecting a year-over-year decline of 20% and a quarter-over-quarter decrease of 2%. The company is also exposed to several risks, including credit deterioration and increased financing costs, which could further impair its financial stability and growth prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.