Barclays PLC Increases Stake in Ready Capital Co.
December 2, 2023
☀️Trending News
Barclays PLC recently announced that it has increased its stake in Ready Capital ($NYSE:RC) Co. This publicly traded real estate finance company is focused on originating, acquiring, and managing a portfolio of real estate-related investments, including performing and non-performing mortgage loans as well as multifamily and commercial real estate investments. Ready Capital has a nationwide reach with offices in major cities such as New York, Los Angeles, and Chicago. Ready Capital’s strong presence in the real estate markets makes it a desirable investment for Barclays PLC. As the real estate market continues to grow, Ready Capital’s portfolio will benefit from the influx of capital. With Barclays’ increase in interest, Ready Capital will be able to expand its portfolio and increase its returns.
Ready Capital Co.’s stock has seen consistent increases in recent weeks. With Barclays PLC’s increased stake, investors are looking to Ready Capital as a safe investment that will yield solid returns. With the increased capital, Ready Capital Co is positioned to weather any potential downturns in the market.
Share Price
The share price of READY CAPITAL opened at $10.0 and closed at the same price, suggesting a positive outlook from the market on the news. The increase in Barclays PLC’s stake in the company is seen as a sign of confidence in Ready Capital Co.’s future prospects. With this new investment, Ready Capital Co. looks set to benefit from the expertise and experience of one of the world’s most established financial services companies. 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
GoodWhale has undertaken an analysis of READY CAPITAL‘s wellbeing. As part of our investigation, we looked at the company’s Star Chart, which showed that READY CAPITAL is strong in asset, dividend, and growth, and medium in profitability. However, our analysis shows that READY CAPITAL has a low health score of 3/10 with regard to its cashflows and debt, which suggests the company is less likely to sustain future operations in times of crisis. We have classified READY CAPITAL as a ‘cow’, a type of company we conclude has a track record of paying out consistent and sustainable dividends. With this in mind, we believe that investors looking for a steady income stream may find READY CAPITAL a good investment opportunity. The company’s strong asset, dividend and growth performance makes it an attractive option for those seeking security without compromising on returns. Furthermore, its low health score in cashflows and debt means that investors can be relatively confident in their return even when the market is volatile. 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 a publicly traded real estate finance company that invests in, originates, and manages a diversified portfolio of commercial real estate and commercial portfolios. The company has recently seen its stock boosted by Barclays PLC, an international banking institution. Analysts believe that this is due to the company’s strong fundamentals, such as its low loan-to-value ratios and well-capitalized balance sheet.
Additionally, the company’s investments in a wide range of markets have allowed it to benefit from a variety of macroeconomic trends. The company’s management team has also demonstrated a commitment to delivering value for shareholders. With strong underlying fundamentals and a wide array of investments, Ready Capital Corporation is expected to remain a solid investment option for those seeking exposure to the commercial real estate market.
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