Ready Capital shares jump 11.24% premarket after Q3 earnings and revenue beat estimates, despite KBW price target cut.

Ready Capital Corporation (RC) rose 11.24% in premarket trading following news that it secured ownership of The Ritz-Carlton Portland Project, a high-profile real estate acquisition announced on July 22-23, 2025. This development signals the company’s strategic focus on premium commercial real estate assets, potentially enhancing its portfolio value and operational stability. The move contrasts with a recent analyst downgrade from Keefe, Bruyette & Woods (KBW), which cut its price target to $2.50 due to debt concerns and credit risks, though the acquisition appears to have overshadowed those bearish sentiments in the short term. The premarket surge aligns with the positive valuation implications of the Ritz-Carlton acquisition, which may attract investor confidence amid broader market scrutiny of RC’s financial health.