Newcastle Investment Corp. (NYSE:NCT)’s share price fell 1.5% during mid-day trading on Wednesday . The company traded as low as $4.65 and last traded at $4.74, with a volume of 112,738 shares traded. The stock had previously closed at $4.81.

Separately, Zacks Investment Research cut Newcastle Investment Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th.

The firm’s 50-day moving average is $4.63 and its 200 day moving average is $4.11. The company has a market cap of $316.61 million and a price-to-earnings ratio of 3.65.

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 for the quarter, beating analysts’ consensus estimates of $0.13 by $1.08. During the same period in the prior year, the company posted $0.12 earnings per share. On average, equities analysts anticipate that Newcastle Investment Corp. will post $0.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 22nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 10.11%. The ex-dividend date of this dividend is Wednesday, July 20th.

An institutional investor recently raised its position in Newcastle Investment Corp. stock. GSA Capital Partners LLP boosted its position in shares of Newcastle Investment Corp. (NYSE:NCT) by 38.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.62% of Newcastle Investment Corp. worth $1,686,000 as of its most recent SEC filing.

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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