Newcastle Investment Corp. (NCT) To Go Ex-Dividend on October 20th
Newcastle Investment Corp. (NYSE:NCT) declared a quarterly dividend on Thursday, October 13th. Investors of record on Monday, October 24th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, October 31st. This represents a $0.48 annualized dividend and a yield of 10.48%. The ex-dividend date of this dividend is Thursday, October 20th.
Newcastle Investment Corp. (NYSE:NCT) opened at 4.58 on Wednesday. Newcastle Investment Corp. has a 52 week low of $2.55 and a 52 week high of $5.04. The company has a market cap of $305.64 million, a PE ratio of 4.19 and a beta of 1.25. The company’s 50-day moving average price is $4.54 and its 200 day moving average price is $4.53.
Newcastle Investment Corp. (NYSE:NCT) last announced its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. Newcastle Investment Corp. had a return on equity of 15.50% and a net margin of 93.85%. During the same period in the prior year, the company posted $0.25 earnings per share. On average, analysts anticipate that Newcastle Investment Corp. will post $0.50 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Jefferies Group LLC bought a new stake in shares of Newcastle Investment Corp. during the second quarter worth approximately $4,590,000. BlackRock Fund Advisors boosted its stake in shares of Newcastle Investment Corp. by 54.0% in the second quarter. BlackRock Fund Advisors now owns 1,515,850 shares of the real estate investment trust’s stock worth $6,958,000 after buying an additional 531,310 shares during the period. Vanguard Group Inc. boosted its stake in shares of Newcastle Investment Corp. by 2.3% in the second quarter. Vanguard Group Inc. now owns 4,048,759 shares of the real estate investment trust’s stock worth $18,584,000 after buying an additional 89,510 shares during the period. Nuveen Fund Advisors LLC bought a new stake in shares of Newcastle Investment Corp. during the second quarter worth approximately $376,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Newcastle Investment Corp. by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 26,099 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 77 shares during the period. 41.93% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Newcastle Investment Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 16th.
About Newcastle Investment Corp.
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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