Raymond James Maintains Outperform Rating for Ready Capital: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of Ready Capital RC and lower its price target from $13.50 to $13.00.

Shares of Ready Capital are trading down 2.24% over the last 24 hours, at $10.47 per share.

A move to $13.00 would account for a 24.16% increase from the current share price.

About Ready Capital

Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.