Newcastle Investment Corp. (NYSE:NCT) rose 5.5% during trading on Monday . The stock traded as high as $4.78 and last traded at $4.78, with a volume of 354,141 shares trading hands. The stock had previously closed at $4.53.

Separately, Zacks Investment Research lowered shares of Newcastle Investment Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.

The stock has a market cap of $314.61 million and a P/E ratio of 3.63. The company’s 50 day moving average is $4.57 and its 200 day moving average is $4.07.

Newcastle Investment Corp. (NYSE:NCT) last posted its quarterly earnings results on Tuesday, May 10th. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $1.08. During the same quarter last year, the business earned $0.12 earnings per share. Equities research analysts forecast that Newcastle Investment Corp. will post $0.50 EPS for the current fiscal year.

An institutional investor recently raised its position in Newcastle Investment Corp. stock. Russell Frank Co increased its stake in Newcastle Investment Corp. (NYSE:NCT) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 342,813 shares of the real estate investment trust’s stock after buying an additional 23,814 shares during the period. Russell Frank Co owned 0.52% of Newcastle Investment Corp. worth $1,367,000 as of its most recent filing with the SEC.

Newcastle Investment Corp. (Newcastle) is a real estate investment trust (REIT). The Company focuses on investing in, and managing, a range of real estate related and other investments. The Company’s segments include debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investment in golf properties and facilities (Golf) and corporate.

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