Shares of Newcastle Investment Corp. (NYSE:NCT) rose 5.5% on Monday . The company 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 cut shares of Newcastle Investment Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.

The firm has a 50 day moving average of $4.59 and a 200 day moving average of $4.08. The stock has a market cap of $318.61 million and a PE ratio of 3.67.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.11%.

A hedge fund recently raised its stake in Newcastle Investment Corp. stock. GSA Capital Partners LLP increased its position in Newcastle Investment Corp. (NYSE:NCT) by 38.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 413,247 shares of the real estate investment trust’s stock after buying an additional 115,770 shares during the period. GSA Capital Partners LLP owned 0.62% of Newcastle Investment Corp. worth $1,686,000 at the end of the most recent quarter.

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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