Ready Capital Co. (NYSE:RC) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its holdings in shares of Ready Capital Co. (NYSE:RCGet Rating) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,650 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ready Capital were worth $354,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in shares of Ready Capital by 487.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 90,391 shares of the real estate investment trust’s stock worth $1,299,000 after acquiring an additional 75,014 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Ready Capital by 18.7% in the 3rd quarter. Renaissance Technologies LLC now owns 259,984 shares of the real estate investment trust’s stock worth $3,752,000 after acquiring an additional 41,025 shares during the period. Citigroup Inc. raised its stake in shares of Ready Capital by 88.8% in the 3rd quarter. Citigroup Inc. now owns 199,073 shares of the real estate investment trust’s stock worth $2,873,000 after buying an additional 93,622 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Ready Capital in the 4th quarter worth $723,000. Finally, EMG Holdings L.P. bought a new stake in shares of Ready Capital in the 3rd quarter worth $749,000. Institutional investors own 42.94% of the company’s stock.

RC has been the topic of a number of research reports. Zacks Investment Research downgraded Ready Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th. StockNews.com assumed coverage on shares of Ready Capital in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ready Capital has an average rating of “Buy” and an average price target of $17.14.

Shares of NYSE:RC opened at $14.71 on Friday. The company’s fifty day moving average is $15.08 and its two-hundred day moving average is $15.27. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.77. Ready Capital Co. has a 12-month low of $13.24 and a 12-month high of $16.78. The company has a market cap of $1.23 billion, a P/E ratio of 6.84 and a beta of 1.09.

Ready Capital (NYSE:RCGet Rating) last announced its earnings results on Thursday, February 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.17. Ready Capital had a net margin of 39.09% and a return on equity of 14.56%. During the same quarter in the prior year, the company posted $0.51 EPS. Equities research analysts anticipate that Ready Capital Co. will post 2.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, March 31st will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, March 30th. This represents a $1.68 annualized dividend and a yield of 11.42%. Ready Capital’s dividend payout ratio (DPR) is presently 78.14%.

Ready Capital Company Profile (Get Rating)

Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.

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Institutional Ownership by Quarter for Ready Capital (NYSE:RC)

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