Shares of Newcastle Investment Corp. (NYSE:NCT) were up 2.1% during mid-day trading on Tuesday . The stock traded as high as $4.80 and last traded at $4.79, with a volume of 293,816 shares traded. The stock had previously closed at $4.69.

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

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

Newcastle Investment Corp. (NYSE:NCT) last released its quarterly earnings data on Tuesday, May 10th. The real estate investment trust reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $1.08. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, equities research analysts predict that Newcastle Investment Corp. will post $0.50 EPS for the current fiscal year.

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

A hedge fund recently raised its stake in Newcastle Investment Corp. stock. GSA Capital Partners LLP raised its stake in shares of Newcastle Investment Corp. (NYSE:NCT) by 38.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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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