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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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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