
RC Stock Forecast & Price Target
RC Analyst Ratings
Bulls say
Ready Capital Corp demonstrates a positive outlook due to its successful loan sales, including the recent $494 million sale of multifamily bridge loans which generated net proceeds of $85 million. Despite an increase in non-accrual loans to 88.4%, the company is identifying select opportunities that signal an improving environment for increased originations in the future. The company's focus on small-balance commercial loans, primarily within the LMM Commercial Real Estate segment, positions it well for potential growth amidst current challenges.
Bears say
Ready Capital Corp is experiencing declining cash yields, which fell to 5.3% from 5.7% in the previous quarter, indicating potential challenges in generating consistent income. In addition, projections suggest that tangible book value (TBV) is set to decrease to $9.40 by year-end 2025, a drop from $10.14 in the second quarter, marking a significant decline of 20% year-over-year. The company also faces various risk factors, including credit deterioration and higher financing costs, which could further impede its financial stability and growth potential.
This aggregate rating is based on analysts' research of Ready Capital Corp and is not a guaranteed prediction by Public.com or investment advice.
RC Analyst Forecast & Price Prediction
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