Ready Capital downgraded by Keefe Bruyette with a new price target
$RC
Real Estate Investment Trusts
Real Estate
Keefe Bruyette downgraded Ready Capital from Outperform to Mkt Perform and set a new price target of $13.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/3/2025 | Mkt Outperform → Mkt Perform | Citizens JMP | |
| 1/7/2025 | $12.00 → $10.00 | Buy → Neutral | B. Riley Securities |
| 7/19/2024 | Neutral | BTIG Research | |
| 5/10/2024 | Buy → Neutral | Ladenburg Thalmann | |
| 3/4/2024 | $10.00 → $8.00 | Mkt Perform → Underperform | Keefe Bruyette |
| 12/18/2023 | Outperform → Mkt Perform | Raymond James | |
| 12/6/2023 | $10.50 | Neutral | UBS |
| 10/23/2023 | $14.50 → $12.00 | Buy | BTIG Research |
Citizens JMP downgraded Ready Capital from Mkt Outperform to Mkt Perform
B. Riley Securities downgraded Ready Capital from Buy to Neutral and set a new price target of $10.00 from $12.00 previously
BTIG Research resumed coverage of Ready Capital with a rating of Neutral
S-4/A - Ready Capital Corp (0001527590) (Filer)
S-4 - Ready Capital Corp (0001527590) (Filer)
425 - Ready Capital Corp (0001527590) (Subject)
NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital") proudly announces a significant milestone for its non-bank SBA 7(a) subsidiary, ReadyCap Lending (RCL), as it closed $265.7 million of SBA 7(a) loans in the first four months of 2024. This achievement represents a remarkable 103% increase from the same period in the previous year, underscoring the success of its dual strategy catering to both large and small loans per SBA guidelines. In addition to this milestone, RCL is pleased to announce the appointment of Gary Taylor as its new CEO. With over 25 years of extensive experience in SBA lending and operations, Mr. Taylor brings a wealth of know
NEW YORK, Nov. 9, 2022 /PRNewswire/ -- Waterfall Asset Management today announced that Patrick Lo and Brian Rebello have been elevated to Co-Chief Investment Officers. Patrick and Brian, both partners of the Firm, have been instrumental in Waterfall's growth and successful investment performance on behalf of its clients over the past 15 years. "Patrick and Brian have played key roles in Waterfall's investment efforts and overall evolution since each joined the Firm in its early days," said Tom Capasse, founder and managing partner of Waterfall. "They are both capable investors and leaders with highly complementary skills and backgrounds who exemplify the collaboration, intellectual rigor, a
NEW YORK, July 15, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced the appointment of Adam Zausmer as Chief Credit Officer, effective immediately. "Adam's extensive knowledge and understanding of the commercial real estate markets as well as his disciplined approach to credit have contributed to Ready Capital's strong competitive position in the market," stated Ready Capital Chairman and Chief Executive Officer Thomas Capasse. "We are excited about promoting Adam to Chief Credit Officer and expect his leadership to be a driving force in the Company's future success and growth." Mr. Zausmer joined Ready Capital's manager, Waterfall A
NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced acquisition of United Development Funding IV ("UDF IV") (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of November 29, 2024, by and among Ready Capital, RC Merger Sub IV, LLC, and UDF IV. The combined company will conduct business under the name "Ready Capital Corporation" and will continue to trade on the New York Stock Exchange under the ticker symbol "RC." At the effective time of the Merger, each outstanding common share of beneficial interest, par value $0.01 per share, of
IRVING, Texas, March 13, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV ("UDF IV") announced today that on March 4, 2025, its board of trustees authorized a cash distribution of $2.3785 per share payable on or around March 13, 2025, to shareholders of record at the close of business on March 4, 2025, or approximately $73 million in the aggregate. This distribution is contemplated by the merger agreement between UDF IV and Ready Capital Corporation (NYSE:RC). Including the approximately $2 million distribution paid by UDF IV to shareholders in December 2024, this distribution brings the total amount distributed to shareholders since the announcement of the merger to the maximum $75
IRVING, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV ("UDF IV" or the "Trust") today announced that, based on the voting results certified by UDF IV's inspector of elections, First Coast Results, Inc., UDF IV shareholders approved the previously announced merger with Ready Capital Corporation (NYSE:RC) at the UDF IV Special Meeting of Shareholders (the "Special Meeting") held earlier today. "We thank our shareholders for their support of our merger with Ready Capital," said Jim Kenney, Managing Trustee and Chief Executive Officer of UDF IV. "This is an exciting milestone for UDF IV and the Trust's shareholders, and we are pleased to be one step closer to realizi
SC 13D/A - Ready Capital Corp (0001527590) (Subject)
SC 13G/A - Ready Capital Corp (0001527590) (Subject)
SC 13G/A - Ready Capital Corp (0001527590) (Subject)
4 - Ready Capital Corp (0001527590) (Issuer)
4 - Ready Capital Corp (0001527590) (Issuer)
4 - Ready Capital Corp (0001527590) (Issuer)
4 - Ready Capital Corp (0001527590) (Issuer)
4 - Ready Capital Corp (0001527590) (Issuer)
4 - Ready Capital Corp (0001527590) (Issuer)
NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that it has completed the previously announced acquisition of United Development Funding IV ("UDF IV") (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of November 29, 2024, by and among Ready Capital, RC Merger Sub IV, LLC, and UDF IV. The combined company will conduct business under the name "Ready Capital Corporation" and will continue to trade on the New York Stock Exchange under the ticker symbol "RC." At the effective time of the Merger, each outstanding common share of beneficial interest, par value $0.01 per share, of
- GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(1.80) -- DISTRIBUTABLE LOSS PER COMMON SHARE OF $(0.03) -- DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES OF $0.23 -- DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY BEFORE REALIZED LOSSES OF 7.1% -- DECLARED A QUARTERLY CASH DIVIDEND OF $0.125 PER SHARE OF COMMON STOCK AND OPERATING PARTNERSHIP UNIT FOR THE QUARTER ENDING MARCH 31, 2025 - NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE:RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market ("LMM") investor and owner-occupied
Implores UDF IV Board to Postpone March 4 Special Meeting for One Month to Engage with NexPoint and Appropriately Evaluate Proposal NexPoint Will Not Vote at Special Meeting Without Due Consideration of Proposal DALLAS, Feb. 27, 2025 /PRNewswire/ -- NexPoint Advisors, L.P. (together with its affiliates "NexPoint") today announced NexPoint Real Estate Opportunities, LLC has submitted a competing proposal to the Board of Trustees of United Development Funding IV ("UDF IV" or "the Trust") ahead of the Special Meeting of UDF IV Shareholders (the "Meeting"), scheduled for March 4, 2025, to vote on the proposed merger of UDF IV with Ready Capital (NYSE: RC) (the "Ready Merger"). The confidential