Newcastle Investment Corp. (NYSE:NCT) rose 2.1% on Tuesday . The company traded as high as $4.80 and last traded at $4.79, with a volume of 293,816 shares. The stock had previously closed at $4.69.

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

The company has a market capitalization of $321.27 million and a price-to-earnings ratio of 3.70. The company has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.10.

Newcastle Investment Corp. (NYSE:NCT) last issued its quarterly earnings results on Tuesday, May 10th. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $1.08. During the same period last year, the company posted $0.12 EPS. Equities analysts anticipate that Newcastle Investment Corp. will post $0.50 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 22nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend is Wednesday, July 20th.

An institutional investor recently raised its position in Newcastle Investment Corp. stock. Russell Frank Co raised its position in shares of Newcastle Investment Corp. (NYSE:NCT) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 342,813 shares of the real estate investment trust’s stock after buying an additional 23,814 shares during the period. Russell Frank Co owned 0.52% of Newcastle Investment Corp. worth $1,367,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.