MAS Advisors LLC Has $111,000 Stake in Ready Capital Co. (NYSE:RC)

MAS Advisors LLC reduced its holdings in Ready Capital Co. (NYSE:RC) by 49.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,244 shares of the real estate investment trust’s stock after selling 15,728 shares during the quarter. MAS Advisors LLC’s holdings in Ready Capital were worth $111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RC. KBC Group NV increased its stake in Ready Capital by 64.1% during the 3rd quarter. KBC Group NV now owns 8,318 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 3,248 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of Ready Capital in the third quarter valued at approximately $107,000. Fisher Asset Management LLC acquired a new position in shares of Ready Capital in the third quarter valued at approximately $116,000. Sanctuary Advisors LLC bought a new stake in shares of Ready Capital during the second quarter worth $126,000. Finally, Algert Global LLC acquired a new stake in shares of Ready Capital during the second quarter worth $135,000. Institutional investors and hedge funds own 55.87% of the company’s stock.

Analyst Upgrades and Downgrades

RC has been the subject of a number of research reports. B. Riley reiterated a “neutral” rating and set a $10.00 target price (down previously from $12.00) on shares of Ready Capital in a report on Tuesday, January 7th. UBS Group decreased their price objective on Ready Capital from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Keefe, Bruyette & Woods cut their target price on Ready Capital from $6.75 to $6.25 and set an “underperform” rating on the stock in a research note on Tuesday, January 14th. Finally, JMP Securities decreased their price target on shares of Ready Capital from $10.50 to $9.50 and set a “market outperform” rating for the company in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.61.

Ready Capital Stock Up 2.2 %

RC stock opened at $6.73 on Wednesday. Ready Capital Co. has a twelve month low of $6.39 and a twelve month high of $9.53. The business has a 50 day moving average price of $7.04 and a two-hundred day moving average price of $7.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.67 and a current ratio of 1.67.

Ready Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 14.87%. Ready Capital’s payout ratio is -142.86%.

Ready Capital Company Profile

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. 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, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.