By Stephen Nakrosis
Ready Capital will purchase up to $150 million of the company's common stock under a new buyback plan.
The real estate finance company said on Thursday that the plan was approved by its board of directors. Ready Capital has a market cap of $1.13 billion, 168.53 million shares outstanding and a public float of 166.9 million shares.
The company's shares ended Thursday's regular session up 1% at $6.75. The stock was up 1.1% after the close to $6.75.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 16, 2025 18:08 ET (23:08 GMT)
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