Previous close | 7.63 |
Open | 7.71 |
Bid | 7.60 x 3200 |
Ask | 7.76 x 3200 |
Day's range | 7.54 - 7.73 |
52-week range | 7.54 - 11.67 |
Volume | |
Avg. volume | 1,643,935 |
Market cap | 1.306B |
Beta (5Y monthly) | 1.48 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.26 (16.51%) |
Ex-dividend date | 28 Jun 2024 |
1y target est | N/A |
Commercial real estate loans hurt regional banks last year. Shares of a similar REIT, Blackstone Mortgage Trust are down 13% since December. Back then, Blackstone vigorously disputed skeptics like shortseller Carson Block, who warned that Blackstone’s troubled borrowers would force the REIT to cut its dividend payout in 2024’s second half.
While the top- and bottom-line numbers for Ready Capital (RC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ready Capital (RC) delivered earnings and revenue surprises of -73.08% and 17.51%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?