Analyst Price Target is $12.71
▲ +25.51% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Ready Capital in the last 3 months. The average price target is $12.71, with a high forecast of $15.50 and a low forecast of $10.50. The average price target represents a 25.51% upside from the last price of $10.13.
Current Consensus is
The current consensus among 5 contributing investment analysts is to hold stock in Ready Capital. This Hold consensus rating has held steady for over two years.
Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment originates SBC loans across the full life-cycle of an SBC property, including construction, bridge, stabilized, and agency channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment originates residential mortgage loans. 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.