Ready Capital Corporation (NYSE: RC) is a real estate finance company that focuses on originating, acquiring, financing, and servicing small to medium-sized balance commercial loans. The company operates in a competitive market, with peers like Blackstone Mortgage Trust and Starwood Property Trust. On December 22, 2025, Crispin Love from Piper Sandler set a price target of $2.50 for RC, while the stock was trading at $2.23, indicating a potential upside of 12.11%.
RC's Board of Directors declared a quarterly cash dividend of $0.01 per share for the quarter ending December 31, 2025. This dividend will be paid on January 30, 2026, to shareholders on record as of December 31, 2025. This move reflects the company's commitment to maintaining financial flexibility and strengthening its balance sheet, as highlighted by Thomas Capasse, Chairman and CEO.
In addition to the common stock dividend, RC's Board declared dividends on its preferred stocks: the 6.25% Series C Cumulative Convertible Preferred Stock and the 6.50% Series E Cumulative Redeemable Preferred Stock. These dividends demonstrate the company's dedication to rewarding its investors, even as the stock price experiences fluctuations.
Currently, RC's stock is priced at $2.23, with a slight decrease of 0.89% today, changing by $0.02. The stock's trading range for the day was between $2.15 and $2.26. Over the past year, RC has seen a high of $7.41 and a low of $2.09, indicating significant volatility in its stock price.
RC's market capitalization is approximately $369.9 million, with a trading volume of 7,176,501 shares. This data suggests that while the company faces challenges, it remains committed to its financial strategies and investor returns, as evidenced by its recent dividend announcements and the price target set by Piper Sandler.
