Newcastle Investment Corp. (NYSE:NCT) was down 1.5% on Wednesday . The company traded as low as $4.65 and last traded at $4.74, with a volume of 112,738 shares changing hands. The stock had previously closed at $4.81.

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

The firm’s 50 day moving average price is $4.64 and its 200 day moving average price is $4.11. The firm has a market capitalization of $317.94 million and a P/E ratio of 3.66.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 22nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 10.04%. The ex-dividend date is Wednesday, July 20th.

A hedge fund recently raised its stake in Newcastle Investment Corp. stock. GSA Capital Partners LLP boosted its stake in shares of Newcastle Investment Corp. (NYSE:NCT) by 38.9% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 0.62% of Newcastle Investment Corp. worth $1,686,000 as of its most recent SEC filing.

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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