B. Riley Securities Maintains Buy Rating for Ready Capital: Here's What You Need To Know

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B. Riley Securities has decided to maintain its Buy rating of Ready Capital RC and lower its price target from $18.00 to $16.00.

Shares of Ready Capital are trading up 1.66% over the last 24 hours, at $13.21 per share.

A move to $16.00 would account for a 21.17% increase from the current share price.

About Ready Capital

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 SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.

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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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