Shares of Ready Capital Corproation (NYSE:RC) traded at a new 52-week high today of $16.76. Approximately 113,000 shares have changed hands today, as compared to an average 30-day volume of 429,000 shares.
Ready Capital Corproation (NYSE:RC) is currently priced 65.9% above its average consensus analyst price target of $5.70.
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.
In the past 52 weeks, shares of Ready Capital Corproation have traded between a low of $7.58 and a high of $16.76 and is now at $16.69, which is 120% above that low price.
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