Ready Capital Co. sees decrease in holdings from ProShare Advisors LLC.

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Ready Capital Stock Intrinsic Value – Ready Capital ($NYSE:RC) Co. engages in the origination, investment, and servicing of commercial real estate loans. The company saw a decrease in its holdings from ProShare Advisors LLC, a provider of investment management services.

Stock Price

Ready Capital Co. stock saw a 4.1% increase on Friday, after it was announced that ProShare Advisors LLC had decreased its holdings in the company. So far, media coverage of the event has been mostly positive, with many outlets praising Ready Capital for its strong performance in the face of adversity.

VI Analysis – Ready Capital Stock Intrinsic Value

The company’s loans are primarily used for the acquisition, refinancing, or redevelopment of properties. The company’s fundamentals reflect its long term potential. The fair value of Ready Capital Corporation’s shares is around $14.4, calculated by VI Line. Now, Ready Capital Corporation’s stock is traded at $12.1, a fair price that is undervalued by 16%.

VI 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 is a real estate investment trust that focuses on financing and managing small-to-medium sized loans. Ready Capital is headquartered in New York City. The company’s stock is traded on the New York Stock Exchange under the ticker symbol “RC”. Investing in Ready Capital can be a good way to gain exposure to the real estate market without having to directly own property. The company’s loans are typically secured by the underlying property, which helps to mitigate some of the risks associated with investing in real estate.

Additionally, Ready Capital’s portfolio is diversified across many different property types and geographic regions, which further reduces risk.