Newcastle Investment Corp. (NYSE:NCT)’s share price was down 2.6% during trading on Thursday . The company traded as low as $4.51 and last traded at $4.51, with a volume of 158,786 shares traded. The stock had previously closed at $4.63.

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

The company has a market cap of $300.61 million and a P/E ratio of 3.46. The company’s 50-day moving average is $4.57 and its 200 day moving average is $4.06.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $1.08. During the same period last year, the business earned $0.12 EPS. Analysts forecast that Newcastle Investment Corp. will post $0.50 EPS for the current year.

An institutional investor recently raised its position in Newcastle Investment Corp. stock. GSA Capital Partners LLP increased its stake in Newcastle Investment Corp. (NYSE:NCT) by 38.9% during the fourth quarter, Holdings Channel reports. The fund 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 at the end of the most recent reporting period.

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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