RC

Ready Capital's stock has shown significant volatility, experiencing a 68.5% loss over the past 12 months, closing at $1.12 on October 6, 2026. Key events include the declaration of Q3 and Q2 2026 dividends of $0.01 per common share, resulting in a 3.64% dividend yield. In September 2026, RC priced $225 million of Senior Secured Notes due 2031 and redeemed $350 million of notes due 2026, issuing new debt at 10% after redeeming 4.5% notes. The company reported a Q2 2026 loss of $0.47 per share, a book value of $6.83 per share, and a dividend cut. Analyst ratings have been cautious, with UBS Group lowering its price objective to $2.00 (neutral), Weiss Ratings restating a 'sell (e+)', Zacks Research upgrading to 'hold', Piper Sandler lowering its target to $1.25 (Neutral), and Keefe, Bruyette & Woods maintaining 'Underperform' with a $1.25 target. The consensus rating from five analysts is 'Reduce' with an average 12-month price objective of $2.17. In August 2026, consensus revenue estimates for fiscal year 2026 fell by 10% to $361.1 million, and forecast losses increased. As part of a de-leveraging strategy in April 2026, RC sold 47 commercial real estate loans totaling $943 million, generating $177 million in net proceeds, collapsed its remaining two CLOs, and secured a $1 billion arrangement for off-balance sheet commercial real estate loan originations.