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

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

Several other hedge funds have also recently bought and sold shares of RC. Louisiana State Employees Retirement System increased its stake in shares of Ready Capital by 4.0% in the third quarter. Louisiana State Employees Retirement System now owns 81,300 shares of the real estate investment trust’s stock valued at $620,000 after buying an additional 3,100 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Ready Capital by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 132,098 shares of the real estate investment trust’s stock worth $1,008,000 after acquiring an additional 3,123 shares during the last quarter. KBC Group NV increased its position in Ready Capital by 64.1% in the 3rd quarter. KBC Group NV now owns 8,318 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 3,248 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ready Capital by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,682 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 4,729 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Ready Capital by 5.2% during the third quarter. State of Alaska Department of Revenue now owns 95,992 shares of the real estate investment trust’s stock worth $732,000 after purchasing an additional 4,775 shares in the last quarter. 55.87% of the stock is currently owned by institutional investors and hedge funds.

Ready Capital Trading Up 2.2 %

NYSE:RC opened at $6.73 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.67. Ready Capital Co. has a 1-year low of $6.39 and a 1-year high of $9.53. The business’s 50-day moving average price is $7.04 and its two-hundred day moving average price is $7.55.

Ready Capital Dividend Announcement

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

Analyst Ratings Changes

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

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.