Newcastle Investment Corp (NCT) Plans Quarterly Dividend of $0.22
Newcastle Investment Corp (NYSE:NCT) announced a quarterly dividend on Thursday, March 14th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.22 per share on Tuesday, April 30th. This represents a $0.88 annualized dividend and a dividend yield of 7.67%.
A number of analysts have recently weighed in on NCT shares. Analysts at KBW raised their price target on shares of Newcastle Investment Corp from $10.50 to $11.25 in a research note to investors on Thursday, March 7th. They now have an “outperform” rating on the stock. On the ratings front, analysts at UBS AG raised their price target on shares of Newcastle Investment Corp to $14.00 in a research note to investors on Thursday, March 7th. Finally, analysts at Credit Suisse raised their price target on shares of Newcastle Investment Corp from $10.50 to $11.50 in a research note to investors on Tuesday, February 26th. They now have an “outperform” rating on the stock.
Newcastle Investment Corp (NYSE: NCT) traded up 1.24% on Thursday, hitting $11.47. Newcastle Investment Corp has a 1-year low of $5.96 and a 1-year high of $11.40. The stock’s 50-day moving average is currently $10.83. The company has a market cap of $2.902 billion and a price-to-earnings ratio of 3.85.
Newcastle Investment Corp (NYSE: NCT) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.09. On average, analysts predict that Newcastle Investment Corp will post $1.28 earnings per share for the current fiscal year.
Newcastle Investment Corp. (Newcastle) is a real estate related investment and finance company. Newcastle invests in, and actively manages a portfolio of, real estate securities, loans and other real estate related assets.
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