Newcastle Investment Corp. (NCT) : Rocky Mountain Advisers added new position in Newcastle Investment Corp. during the most recent quarter end. The investment management firm now holds 100 shares of Newcastle Investment Corp. which is valued at $462 , the company said in a statement filed on Nov 14, 2016 with the SEC.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in NCT in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 97,099 shares of Newcastle Investment Corp. which is valued at $440,829.Indexiq Advisors boosted its stake in NCT in the latest quarter, The investment management firm added 12,255 additional shares and now holds a total of 58,849 shares of Newcastle Investment Corp. which is valued at $262,467. Newcastle Investment Corp. makes up approx 0.01% of Indexiq Advisors’s portfolio.
Newcastle Investment Corp. closed down -0.05 points or -1.10% at $4.51 with 3,38,013 shares getting traded on Monday. Post opening the session at $4.58, the shares hit an intraday low of $4.5 and an intraday high of $4.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Newcastle Investment Corp. reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $0.14. The company had revenue of $83.16 million for the quarter.The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Newcastle Investment Corp.. Imperial Capital Initiated Newcastle Investment Corp. on Nov 8, 2016 to “In-line”, Price Target of the shares are set at $4.50.
Newcastle Investment Corp. (Newcastle) is a real estate investment trust (REIT). The Company focuses on investing in and managing a variety of real estate related and other investments. The Company operates through four segments: debt investments financed with collateralized debt obligations (CDOs) other debt investments (Other Debt) investment in golf properties and facilities (Golf) and corporate. Newcastle’s golf business includes around 87 properties in the United States that it leases owns or manages. The Company’s debt business consists of assets of $473.2 million financed in CDOs whereby Newcastle is the manager as well as $833.3 million of other real estate related securities and assets. Its investment portfolio includes debt investments such as commercial assets residential assets corporate assets and other investments such as golf investment. Newcastle is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager).