Ready Capital (RC) Shares Stay Underperform at Keefe Bruyette Following Target Cut

Ready Capital Corporation (NYSE:RC) is included among the 11 Best Dividend Penny Stocks to Buy Right Now.

On May 12, Keefe Bruyette lowered the firm’s price recommendation on Ready Capital Corporation (NYSE:RC) to $1.40 from $1.60. It reiterated an Underperform rating on the shares.

During the Q1 2026 earnings call, Chairman, CEO, and Chief Investment Officer Thomas Capasse said the company continued to move forward with its balance sheet repositioning strategy that began in the fourth quarter of 2025. He noted that the company had generated $1.4 billion in cash so far this year through loan sales and liquidations. According to Capasse, those proceeds helped reduce more than $1.1 billion in warehouse debt and retire another $184 million in corporate debt.

Capasse also discussed the company’s liquidity plans, saying management expected to generate an additional $400 million in liquidity from the sale and runoff of between $2 billion and $2.5 billion in CRE loans and REO assets by the end of the year. He added that, based on current projections, those actions, combined with existing liquidity, were expected to be sufficient to address the company’s remaining 2026 debt maturities and support future cash flow needs.

Meanwhile, CFO and Secretary Andrew Ahlborn said the company reported a GAAP loss from continuing operations of $1.25 per common share during the quarter. He also noted that distributable earnings reflected a loss of $1 per common share, or a loss of $0.33 per share after excluding realized losses related to asset sales.

Ready Capital Corporation (NYSE:RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans.

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