Newcastle Investment Corp. (NCT) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.10. During the same quarter in the previous year, the company posted $0.12 EPS.
Newcastle Investment Corp. opened for trading at $4.32 and hit $4.5 on the upside on Friday, eventually ending the session at $4.5, with a gain of 3.69% or 0.16 points. The heightened volatility saw the trading volume jump to 2,16,066 shares. Company has a market cap of $300 M.
In a different news, on Nov 13, 2015, Kenneth M Riis (CEO and President) sold 37,556 shares at $4.64 per share price. According to the SEC, on Mar 12, 2015, Randal A Nardone (Secretary) sold 31,237 shares at $25.45 per share price. On Mar 12, 2015, Wesley R Edens (director) sold 31,237 shares at $25.45 per share price, according to the Form-4 filing with the securities and exchange commission.
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).