Ready Capital Stock Fair Value – Citigroup Invests $1.32 Million in Ready Capital Co.
December 13, 2023
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Ready Capital ($NYSE:RC) Co. is a publicly traded real estate investment trust (REIT) that specializes in commercial real estate finance. This company provides real estate capital solutions to its clients across the United States. This strategic move by Citigroup Inc. indicates that they have faith in Ready Capital Co.’s ability to deliver strong returns in the future. As the REIT continues to acquire higher-yielding properties and assets, its stock price is likely to continue to rise.
This could present a great investment opportunity for those looking to diversify their portfolio and invest in alternative asset classes. With the right balance of risk and reward, Ready Capital Co. could be a great long-term investment.
Share Price
On Thursday, Ready Capital Co. saw its stock rise 2.2% to close at $10.5 after Citigroup Inc. announced they were investing $1.32 million in the company. This marked a significant jump from the previous closing price of $10.2 and was an encouraging sign for investors and shareholders alike. With this strategic investment, Ready Capital Co. is in a better position to continue providing quality services to its customers. The company is looking forward to expanding its reach and leveraging Citigroup’s resources for even more success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ready Capital. More…
| Total Revenues | Net Income | Net Margin |
| 450.86 | 333.14 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ready Capital. More…
| Operations | Investing | Financing |
| 297.77 | 617.31 | -922.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ready Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.8k | 10.1k | 14.42 |
Key Ratios Snapshot
Some of the financial key ratios for Ready Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Ready Capital Stock Fair Value
As GoodWhale, we have conducted a thorough analysis of READY CAPITAL‘s financials. Through our proprietary Valuation Line, we have determined that the fair value of a READY CAPITAL share is around $9.4. Currently, READY CAPITAL stock is traded at $10.5, meaning the price is overvalued by 11.2%. As such, it could be a good time to buy READY CAPITAL stock or take profit if you have already invested in the company. More…
Peers
In the past decade, the commercial real estate lending landscape has shifted dramatically. New players have emerged and old ones have fallen by the wayside. Among the new breed of lenders is Ready Capital Corp, which has quickly established itself as a major player in the space. Ready Capital’s success has come at the expense of its competitors, who have been forced to adapt or die. Among those competitors are TPG RE Finance Trust Inc, ECC Capital Corp, and Manhattan Bridge Capital Inc.
– TPG RE Finance Trust Inc ($NYSE:TRTX)
TPG RE Finance Trust Inc is a publicly traded real estate investment trust that focuses on originating and acquiring senior loans collateralized by commercial real estate properties. The company’s portfolio includes office, retail, hospitality, industrial, and other types of commercial real estate properties. TPG RE Finance Trust Inc is headquartered in New York, New York.
– ECC Capital Corp ($OTCPK:ECRO)
ECC Capital Corp is a specialty finance company that provides financing solutions to small and medium-sized businesses in the United States. The company has a market cap of $7.81 million as of February 2022. ECC Capital Corp is headquartered in New York, New York.
– Manhattan Bridge Capital Inc ($NASDAQ:LOAN)
Manhattan Bridge Capital Inc is a real estate finance company that originates, services, and manages a portfolio of first mortgage loans. The Company operates in the New York metropolitan area. It offers short-term secured, non-banking loans to real estate investors to fund their acquisition, renovation, or rehabilitation of properties located in the New York metropolitan area.
Summary
Ready Capital Corporation is an internally managed real estate finance company that specializes in originating, acquiring, and managing a portfolio of loan investments. It operates in the real estate and public finance markets throughout the United States. According to a recent filing, Citigroup Inc. holds a stock position worth $1.32 million in Ready Capital. Their long-term investments in the company demonstrate their confidence in its business model, which is based on strong origination and risk management techniques, as well as a seasoned management team.
Ready Capital’s total assets have grown over the years, showing that the company’s growth strategy has been successful. As investors continue to be drawn to its stable portfolio and dividend yields, Ready Capital is well-positioned for further growth.
