Shares of Newcastle Investment Corp. (NYSE:NCT) saw an uptick in trading volume on Tuesday . 267,216 shares were traded during trading, an increase of 30% from the previous session’s volume of 205,899 shares.The stock last traded at $4.61 and had previously closed at $4.65.

Separately, Zacks Investment Research cut Newcastle Investment Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd.

The company has a market capitalization of $306.31 million and a PE ratio of 4.20. The company has a 50 day moving average of $4.67 and a 200-day moving average of $4.27.

Newcastle Investment Corp. (NYSE:NCT) last issued its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. During the same quarter in the prior year, the firm earned $0.25 EPS. Equities research analysts anticipate that Newcastle Investment Corp. will post $0.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 10.55%. The ex-dividend date of this dividend was Wednesday, July 20th.

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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