Analyst Price Target is $9.04
▲ +25.49% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Ready Capital in the last 3 months. The average price target is $9.04, with a high forecast of $12.00 and a low forecast of $7.50. The average price target represents a 25.49% upside from the last price of $7.21.
Current Consensus is
Hold
The current consensus among 8 investment analysts is to hold stock in Ready Capital. This rating has held steady since August 2023, when it changed from a Moderate Buy consensus rating.
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. The LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and acquires purchased future receivables. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.
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