Analyst Price Target is $14.00
▲ +4.01% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Ready Capital in the last 3 months. The average price target is $14.00, with a high forecast of $16.00 and a low forecast of $11.50. The average price target represents a 4.01% upside from the last price of $13.46.
Current Consensus is
Buy
The current consensus among 6 contributing investment analysts is to buy stock in Ready Capital. This Buy consensus rating has held steady for over two years.
Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: Acquisitions, SBC Originations, SBA Originations, Acquisitions & Servicing, and Residential Mortgage Banking. The Acquisitions segment acquires performing and non-performing SBC loans and intends to continue to acquire these loans as part of the company's business strategy. The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels through its wholly-owned subsidiary, ReadyCap Commercial LLC. The SBA Originations, Acquisitions & Servicing segment acquires, originates and services owner-occupied loans guaranteed by the SBA through its wholly-owned subsidiary, ReadyCap Lending LLC. The Residential Mortgage Banking segment, through its wholly-owned subsidiary, GMFS LLC, originates residential mortgage loans eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac, FHA, USDA and VA through retail, correspondent and broker channels. The company was founded in 2011 and is headquartered in New York, NY.
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