Ready Capital Corproation (NYSE:RC) traded at a new 52-week high today of $16.32. This new high was reached on below average trading volume as 120,000 shares traded hands, while the average 30-day volume is approximately 439,000 shares.
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 Loan Acquisitions, SBC Originations, SBA Originations, Acquisitions and Servicing, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.
Ready Capital Corproation (NYSE:RC) is currently priced 66.0% above its average consensus analyst price target of $5.54.
Over the past year, Ready Capital Corproation has traded in a range of $7.58 to $16.32 and is now at $16.31, 115% above that low.
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